If you are looking to setup a new SMSF, ESUPERFUND can attend to the all aspects of the setup process for you at absolutely no cost. Our FREE setup offer requires no actual effort by you. The process to setup your own SMSF is detailed below.
Step 1: Complete our online application form
Visit our online application form, agree to our terms and submit your application over the internet.
Step 2: ESUPERFUND establishes your SMSF with the ATO
On receiving your online application we will forward to you all legal documentation necessary to establish your SMSF. Unlike other DIY Superfund providers we do not require you to complete any application forms yourself. The documentation provided must be signed and returned to our office. As part of our setup service ESUPERFUND attends to all aspects of the setup process including:
> Providing the SMSF Trust Deed
> Providing documentation to appoint Trustees
> Lodgement of an Election for your SMSF to become a regulated fund
> ATO Application to obtain a Tax File Number for your SMSF
> ATO Application to obtain an Australian Business Number for your SMSF
> Providing a Sample Investment Strategy that you can adopt for your SMSF or modify
> Providing Resolutions and minutes to acknowledge the establishment of your SMSF
Step 3: ESUPERFUND establishes your SMSF Bank Account
When you become a client of ESUPERFUND an ANZ V2 Plus Account is established for your SMSF which acts as the Transaction Account (eg to receive super contributions and pay Fund expenses) for your SMSF. The ANZ V2 Plus Account must be used as your Fund's Bank Accounts in order to provide our services at a fee significantly below the market. For more on the SMSF Bank Accounts click here.
Step 4: ESUPERFUND establishes your SMSF Share Trading Account
Documentation to establish a SMSF Trading Account is included with the documentation forwarded to you when you submit your online application. Your SMSF must have a Trading Account to buy and sell Shares and Warrants. The Share Trading Account established for your SMSF is a Comsec Account. The Comsec Account must be used as your Fund's Trading Account in order to provide our services at a fee significantly below the market. For more on the Trading Service click here.
Step 5: Confirmation of SMSF Establishment
Once we have established your DIY Superfund a Setup Package will be forwarded to you. The Setup Package will include:
> Documentation confirming your SMSF is established with the ATO
> A Tax File Number ("TFN")
> An Australian Business Number ("ABN")
> Your SMSF ANZ V2 Plus Account Number and Internet Login Details
> Your SMSF Comsec Trading Account Number and Internet Login Details
Step 6: Rollover of your Existing Super Monies to your SMSF Bank Account
Once you have established your Self Managed Superfund you can then transfer your existing super benefits to your new Superfund. The process to do this is detailed here.
Step 7: Invest your Super
Once you have rolled over your Super, you can begin investing it. For more on the Investments Allowed under the ESUPERFUND Platform click here.
General Advice Warning
The contents of this website are of a general nature only and have not been prepared to take into account any particular investor's objectives, financial situation or particular needs. Where this publication refers to a particular financial product then you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the PDS before making any decision about whether to acquire the product. We also recommend that you should seek professional advice from a financial adviser before making any decision to purchase any financial product referred to on this website. While the sources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omissions.