SMSF Loan Setup

Understanding the SMSF Process

The SMSF Process

Establish a trust

The first step with setting up an SMSF is establishing a trust. Once this has been done, you need to register it with the ATO.

Every member of an SMSF must be either an individual trustee or a corporate trustee. If you choose to have a corporate trustee, each of your SMSF members must be someone that is the director of the company.

Organise the trust deeds

An smsf trust deed is a legal document that governs the operation of a self managed super fund. This deed should be written to suit the laws of superannuation, and it should include important information such as the names of trustees and members and what the fund is used for specifically.

Read and sign a declaration

As a trustee or director of the corporate trustee of an SMSF, you are obliged sign a document stating that you understand these obligations and duties.

Open an account

Your Self-Managed Super Fund requires a bank account that is separate from its members’ individual accounts. This is mainly because of the specific income tax requirements for these types of funds.To take this account, certain initial fees need to be paid. They include annual supervisory levy, accounting services, member benefits and tax liabilities.

Why set up an SMSF?

The main benefits of self managed super funds are that they allow you to contribute more than the concessional contribution limit, they allow you to make after-tax contributions, and they have higher contribution limits than employer sponsored schemes.Self managed super fund holders also have greater control over their investments because they can choose the investments that suit them best. They also don't need to pay for administration and investment advice which is often required with other forms of super funds.

Client Testimonials

"Helpful from the beginning, right up until the finish. They ensured a very smooth process, making sure that we received the right loan that suited our needs."
lady with glasses
Joanne
"Absolutely fantastic service, with even better communication. The staff at SMSF Loans Co make my experience fast and simple. Highly recommended!"
review photo of man
Mark
“I highly recommend SMSF Loans Co! The team was always very responsive with their communication, always providing invaluable information.
A happy man
Jessie king

As Featured In

Get a FREE SMSF Consultation Today!

Contact us to schedule a phone meeting with one of our talented SMSF Loan experts, to get you the service you need.

woman on the phone smiling at the camera

Get In Touch

Join the SMSF revolution, and kickstart your retirement!