Ready to set up an SMSF?

You’ve weighed up all the pros and cons and decided to establish a self managed super fund (SMSF). The establishment of an SMSF requires a lot of decisions to be made by you as an SMSF trustee in conjunction with appropriate advice from your advisor.

Use the below checklist to ensure every step has been considered in regards to your specific circumstances and will comply with the regulatory requirements. If not a specific requirement, ensure it has at least been considered and the final decision documented clearly.

We encourage you to gain the assistance of an SMSF Specialist in the set- up of an SMSF. You can find your nearest SMSF Specialist here.


Your checklist to starting an SMSF

  • ABN (Australian Business Number)
  •  TFN (Tax File Number)

And the following if appropriate:

  • GST (Goods and Services Tax)
  • PAYG (Pay As You Go) withholding.

This checklist is by no-means exhaustive and we recommend you sit down with your financial advisor(s) and especially an SMSF Specialist to ensure an SMSF is the right fit for you and your specific circumstances and the circumstances of all fund members. We also recommend getting their advice and services to assist in the establishing of your fund to ensure it is compliant with regulatory requirements and no aspects have been missed.