Self-Managed Super Fund (SMSF) is a way of saving for your retirement. The difference between SMSF and other type of funds is that the members of the SMSF are usually also the trustees. This means the members of the SMSF run it for their own benefit and are responsible for complying with the super and tax laws
You'll need to find SMSF expert to help you with the initial set up which involves consideration of a number of issues. The set up requires creation of a trust deed, appointing trustees, securing registration with the ATO, set up a bank account for your fund, roll over your super, set up an investment strategy etc. Speak to us if you are thinking of having the SMSF to organise a meeting with a financial planner who would give an independent and unbiased advice.
Once, the financial planner has comfortably advised that the SMSF is the right strategy for you, we can organize setting up SMSF , get a separate TFN, ABN and other required registrations from the ATO.