SMSF Setup

Expert Assistance from ATB Wealth

SMSF Setup

Are you wondering how to create a self managed super fund but don’t have a clue where to start with your SMSF setup? Our expert financial advisors at ATB Wealth Strategies, Parramatta, Sydney, are on hand to help. If you’re looking into SMSF establishment, or if you’re making adjustments to your existing fund, we offer tailored consultations and solutions.

Our SMSF advisors are approved to provide both financial and investment advice — and deliver more than just preparing the necessary paperwork. We have over 50 years of combined experience helping Australians with their investments and retirement planning needs.

If you want help deciding which type of self-managed super fund best suits your personal needs — or you’re looking for the right SMSF investment strategy to fit your situation, we’ve got you covered.

How to Set Up a SMSF

We can answer any questions about how to set up an SMSF, how an SMSF fund works, and more! Contact us today and schedule an appointment.

Setting Up a Self-Managed Super Fund

A self-managed super fund (SMSF) is a way of saving for financial security in retirement. You and any other members agree on an investment strategy and ensure you comply with all associated taxation and superannuation laws.

However, an SMSF differs from other options in the superannuation field. You have to know how to set up an SMSF trust, create an investment strategy, register it with the ATO, and prepare and lodge the required paperwork.

These responsibilities might seem like a daunting task for many people, and this is where ATB Wealth Strategies can assist. Our expert SMSF advisors can guide you step-by-step through the process of how to set up a self-managed super fund in Australia.

We won’t baffle you with jargon, we will explain things in a way you can understand — this will empower you to create your SMSF and administer it with our help.

Find out how to set up an SMSF in Australia by speaking to ATB Wealth specialists today.

How to Set Up a Self-Managed Super Fund, Australia

How to start an SMSF is a question many Australians ask themselves — and ATB Wealth’s financial advisors and accountants have the answers for you. We can help you decide on the trustee structure and create the trust deed for your SMSF. We will also ensure your super fund is compliant with all the obligations placed on you.

Your SMSF can have between one and six members and can be set up as an individual or corporate trustee structure. 

As an individual setup, each member is a trustee, and if it’s a sole membership, a non-member trustee may also be required. The assets and investments are registered to individual trustees who then hold them in trust for the SMSF. With this setup, each member can have personal liability for losses or penalties for non-compliance with ATO guidelines.

With a corporate structure, a company is established to act as the fund’s legal trustee. The assets and investments are owned by the company, and each member is a director of the company. While this could be a more expensive SMSF setup, it can be more flexible if you need to remove or add members.

ATB Wealth can assist you with:

  • Deciding which structure will work best for your SMSF.
  • Appointing an independent auditor to review your SMSF annually to make sure it’s compliant.
  • Determining the expenses for setting up and maintaining your SMSF.
  • Planning and executing your investment strategy.
  • Registering your SMSF with the ATO.
  • Completing administrative tasks and requirements of an SMSF.
  • Advice on acquiring assets and growing the wealth of your SMSF.
  • Completing all SMSF forms and associated paperwork.
  • … and more.
Setting Up a SMSF

It’s essential that you understand all that SMSF setup entails. With the help of our professional financial planners, you will be able to recognise the pitfalls and ensure your SMSF performs to support you during retirement.

Speak to our SMSF team today and get your retirement fund underway.