www.esuperfund.com.au

New SMSF Setup


If you are ready to establish a new SMSF, ESUPERFUND can attend to all aspects of the setup process for you. More importantly under our current promotional offer it is absolutely FREE to establish a SMSF with ESUPERFUND. The process to setup your own SMSF is detailed below.

Step1
 

Complete our online application form

To establish an SMSF you simply need to complete our online application form and submit your application over the internet.

Timeframe:  You can submit an online application in as little as 5 minutes.


Step2
 

ESUPERFUND prepares the "SMSF Establishment Documentation" for you

On submitting your online application to establish an SMSF, ESUPERFUND will prepare all the required documentation to establish your SMSF with the information provided by you in the online application form. You will receive a welcome email from ESUPERFUND with your Client Portal login details and a detailed Step-by-step guide on how to print and upload your SMSF documentation. The "SMSF Establishment Documentation" includes:

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    Providing the SMSF Trust Deed
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    Providing documentation to appoint Trustees
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    Providing Trustee Declarations
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    Lodgement of an Election for your SMSF to become a Regulated SMSF
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    ATO Application to obtain a Tax File Number for your SMSF
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    ATO Application to obtain an Australian Business Number for your SMSF
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    Sample Investment Strategy that you can adopt for your SMSF or modify if required
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    Resolutions and minutes to acknowledge the establishment of your SMSF
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    Application to establish a Bank Account with CBA.
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    Application to establish a Broker Account with CommSec.

Timeframe:  A welcome email with your Client Portal login details and a detailed Step-by-step guide on how to print and upload your SMSF documentation will be sent to you within a few minutes after submitting the online application. You will also receive a text message notifying you that your application has been successfully submitted.


Step3
 

Print and review the pre-populated SMSF Establishment Documentation

As detailed above, the "SMSF Establishment Documentation" prepared by ESUPERFUND includes ALL the documentation required to establish your SMSF including the SMSF Trust Deed. We understand that establishing an SMSF is a big decision. So it is acceptable if you change your mind after applying to establish the SMSF. In fact when you receive the welcome email with details to setup the SMSF, you will have one month to review the documentation including the SMSF Trust Deed and can cancel the application at no cost to you. Alternatively if you wish to proceed with establishing the SMSF you simply need to sign and upload the SMSF Establishment Documentation including the 100 points of certified identification. It could not be easier!

Timeframe:  You have one month to review the documentation including the SMSF Trust Deed and can cancel the application at any time at no cost to you.


Step4
 

Sign and Upload the pre-populated SMSF Establishment Documentation

For your convenience only the pages requiring your signature are included in the SMSF Establishment Documentation. The full Trust Deed and all other supporting documentation can be found in your Client Portal. Please follow the instructions detailed in the welcome email to print, sign and upload the SMSF Establishment Documentation and 100 points of certified identification to our office for processing. You must retain the signed SMSF Establishment Documentation as it evidences the existence of your SMSF. Once you sign and upload the documentation, ESUPERFUND will commence establishing the SMSF for you. This includes registering the SMSF with the ATO and arranging to establish the Transaction Bank Account and Share Trading Account. It is important to understand that when you return the "SMSF Establishment Documentation" ESUPERFUND do not require you to sign up for an agreed period of time. You are free to leave at any time and for any reason.  

Timeframe:  Once you sign and upload the Establishment Documentation it can take approximately 4 weeks to establish your SMSF.  


Step5
 

ESUPERFUND establishes your SMSF Bank Account

Documentation to establish a Transaction Bank Account is included with the SMSF Establishment Documentation prepared for you when you submit your online application to establish an SMSF. On receipt of the signed application, ESUPERFUND will arrange for the Transaction Bank Account to be established for your SMSF. By using Commonwealth Bank Accelerator Cash Account as the preferred Transaction Bank Account for our clients, we are able to ensure that our services are provided at a fee significantly below the market. This is because we are able to electronically access the transactions made by your SMSF in order to attend to the SMSF Annual Compliance requirements. That is at the end of each financial year, the Commonwealth Bank will send to ESUPERFUND an annual data file of all your SMSF Transactions.  No records are required from you each year as we already have access to the data. It is important to understand that only electronic data files are provided to ESUPERFUND. We have absolutely no access to your Transaction Bank Account and cannot actually login to your Account to access the required data. For more information on the Transaction Bank Account, please click here.

Timeframe:  The Bank Account Application will only be forwarded to the Commonwealth Bank once the ATO has issued an ABN, TFN and updated the status of the SMSF on the SuperFund Look Up database to "Registered - status not determined". The Commonwealth Bank will process the Application and then notify you directly of your Commonwealth Bank Accelerator Cash Account details including the account number, login and password in approximately 1 to 2 weeks from the date that your application is processed.


Step6
 

ESUPERFUND establishes your SMSF Share Trading Account Details

Documentation to establish a Share Trading Account is included with the SMSF Establishment Documentation prepared for you when you submit your online application to establish an SMSF. Your SMSF will have a Share Trading Account to buy and sell Shares. ESUPERFUND clients can choose to trade CHESS Sponsored Australian Shares through CommSec Trading Platform.  Find out more about the Broker.  On receipt of the signed setup documentation, ESUPERFUND will arrange for the Share Trading Account to be established for your SMSF.

Importantly once your SMSF is established you can add Optional Brokers approved by ESUPERFUND in addition to the Broker selected by you when your SMSF is established (i.e. CommSec). These additional Approved Optional Brokers allow you to expand your trading options to include International Shares (including Non CHESS Sponsored Australian Shares), CFDs, Options, Warrants, Futures and Forex. For more information on Optional Brokers, please click here.

By limiting the Trading Platform to our Preferred Broker, ESUPERFUND is able to ensure that our services are provided at a fee significantly below market.  This is because we are able to electronically access the Trading transactions made by your SMSF in order to attend to the SMSF Annual Compliance requirements. That is at the end of each financial year, your chosen Broker will send to ESUPERFUND an annual data file of all your SMSF Transactions.  No records are required from you each year as we already have access to the data.  It is important to understand that only electronic data files are provided to ESUPERFUND.  We have absolutely no access to your Broker Account and cannot actually login to your Account to access the required data. For more information on the Share Trading Account, please click here.

Timeframe:  The Trading Account Application will only be forwarded to CommSec once the ATO has issued an ABN, TFN and updated the status of the SMSF on the SuperFund Look Up database to "Registered - status not determined". CommSec will process the Application and then notify you directly of your Trading Account details including the account number, login, password and the CHESS holding number (HIN) in approximately 2 to 3 weeks from the date that your application is processed.


Step7
 

Confirmation of SMSF Establishment

Once your SMSF has been established, a "Final Establishment Package" will be sent to your Client Portal Inbox. This Package will include:

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    Your SMSF Australian Business Number (ABN) and Tax File Number (TFN).
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    Your SMSF CBA Accelerator Cash Account Details.
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    Your SMSF Share Trading Account Details.
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    Prepopulated Rollover Forms to Rollover your existing Super Benefit to your SMSF.
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    Prepopulated Employee Standard Choice Form to enable your SMSF to receive Employer Super Contributions.

Timeframe: The "Final Establishment Package" with all the SMSF Setup details is sent to you in approximately 4 weeks from the date you return the signed SMSF documentation to our office.


Step8
 

Rollover of your Existing Super Benefit to your SMSF Bank Account

Once your SMSF has been established you can apply to your current Superfund to transfer your existing Super Benefit to your new SMSF. You cannot apply to Rollover your existing Super Benefit until ESUPERFUND has sent to you the "Final Establishment Package" which will include all your SMSF setup details including the ABN.  Learn more about the Rollovers process.

Timeframe:  On applying to Rollover your Super Benefit your existing Superfund is legally obliged to transfer your Super Benefit to your SMSF within 28 days from your application date to them.  This can happen sooner depending on the efficiency of your current Superfund.


Step9
 

Invest your Super

Once you have rolled over your Super Benefit, you can begin investing. For more information on Investments Allowed for your SMSF, please click here.

Timeframe:  You can expect to begin investing your current Super Benefit in approximately 5-8 weeks after applying to establish a SMSF with ESUPERFUND.


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