Simplified Self-Managed Super Fund Set-up

Making SMSF set-up easy

Setting up a self-managed super fund can be complicated and time consuming. At Tax Effective, we simplify that process, making sure your fund is created with minimal involvement, hassle, and stress on your part.

Understand your super options.

Tax Effective can help you compare a self-managed super fund to your existing super and other alternatives. So you can make an informed decision regarding whether or not a self-managed super fund is
right for you.

Choose the right trustee.

Should you choose an individual or a corporate trustee? There are advantages to both. But getting it wrong can be costly in the long run. That’s why we help you understand the difference, recommending the best option for your SMSF strategy.

Decide on your fund’s investment strategy.

Before you invest any of your super funds, you have to legally document your investment strategy. Tax Effective can help you address your fund’s liquidity and cash flow requirements while taking into consideration all member’s life, total, and permanent disability and salary continuance needs.

Handle all of the paperwork.

Tax Effective can prepare and lodge all of the necessary paperwork with the relevant government bodies, obtaining your fund’s ABN and tax file number, ensuring all trustees are appointed correctly, and making certain your fund gets regulated with the Australian Taxation Office.

Open up your bank account and roll over all member funds.

Tax Effective can set-up your SMSF’s bank account, ensure all member’s super funds are transferred into your fund, and direct your employer to make all future contributions into your SMSF.

Create additional SMSF Structures

If you’d like to buy residential or commercial property through your super, Tax Effective can get relevant additional deeds along with company and trust structures prepared to allow your SMSF to make the purchase.

Prepare your fund’s trust deed.

While legislation lets your SMSF invest in alternative assets and implement advanced tax and financial strategies, that doesn’t mean your fund can automatically implement them. For example, if you wanted to borrow to buy property through your super, your trust deed must first allow it.

The strength of your SMSF is dependent on your trust deed. At Tax Effective, we ensure your trust deed is written to allow your fund to take advantage of all the features you need to make the most of your SMSF.