The following is factual information; it is not a recommendation or advice to setup an SMSF.

The setup process involves:

Step 1: Decide who will be members and trustees of the SMSF

A self managed superfund may have 1 to 6 members and a minimum of 2 trustees (unless the trustee is a company).

Step 2: Fill in our online application form

Go to our online application for a new SMSF, fill in your details and submit your application over the internet.

Step 3: Checkout

We offer FREE SMSF setup and a FREE first-year Just Superfund fee, which means we'll handle your fund's first-year tax return and audit at no cost. If you require us to establish a company to act as the SMSF trustee, a one-time company setup fee of $799 applies. The ongoing Just Superfund fee of $1,299 is payable in advance for the second year.

After submitting your SMSF application, you'll be directed to a payment page to pay the $1,299 second-year Just Superfund fee in advance using your credit or debit card. If you've selected to set up a company as trustee, an additional $799 company setup fee will also apply. Once the SMSF is established and has funds in its bank account, it can reimburse you these amounts

Step 4: Just Superfund establishes your SMSF

On receiving payment we will provide you with the necessary legal documentation to establish your self managed super fund. All you need to do is sign the documents. Attending to all aspects of the establishment process we will:

• Supply you with the SMSF Trust Deed
• Supply you with necessary documentation to appoint Trustees
• Make an election so that your SMSF can be an ATO regulated fund
• Make an application to the ATO to obtain a Tax File Number & Australian Business Number for your SMSF
• Supply you with resolutions and minutes that acknowledges your SMSF as having been established.

Step 5: ATO Confirms SMSF Establishment

Once your SMSF is established, the ATO will post your fund's TFN directly to you. We will provide you the ABN and confirmation that your SMSF has been successfully established with the ATO.

• Confirmation that your SMSF is established with the ATO
• Your funds TFN & ABN

Step 6: Open an SMSF bank account

You may choose any bank to open a SMSF bank deposit account. A deposit account is used to receive rollovers, contributions, and investment earnings and to cover fund expenses (such as taxes and accounting fees) and to make investment purchasers.

Take your SMSF's ABN & TFN, and a copy of your trust deed to your local bank to set up an appropriate account. Note: Trustees of a SMSF must keep money and other assets of the super fund separate from their personal assets. As such is it essential that a deposit account for your fund is opened.

Step 7: Rollover your existing superannuation into your SMSF

After establishment of your SMSF, you may rollover your already existing superannuation to your new SMSF. The process of transferring existing superannuation to a new self managed super fund is as follows:

• Collect your current annual superannuation statements to find out where your superannuation is invested.
• Fill in our form here
• Your current superannuation fund will then do an EFT into your SMSF bank account.

Step 8: Setup your SMSF Share Trading Account

This is step is optional. You may setup a trading account with any online brokerage firm. This account is necessary if you want to purchase and sell shares and other securities.

Step 9: Start Investing

After you have deposited the rollover cheque into your SMSF’s bank account you can start investing.