Table of contents
Top SMSF Set Up Mistakes
1. Using a Generic Trust Deed
Off-the-shelf trust deeds often don’t allow for property or crypto investments. A tailored deed ensures flexibility.
2. Not Having Enough Super Balance
An SMSF with less than $100,000 - 200,000 often isn’t cost-effective.
3. Mixing Personal and SMSF Assets
A common compliance breach — all assets must be clearly separated.
4. Incorrect Bare Trust Structure
If the bare trust is set up incorrectly, property purchases may be invalid.
5. Failing to Review Investment Strategy
The ATO requires trustees to regularly review the investment strategy.
6. DIY Approach Without Professional Advice
Setting up an SMSF without an accountant or advisor often leads to costly mistakes.
How to Avoid These Mistakes
- Engage a specialist SMSF accountant.
- Use a corporate trustee structure.
- Seek advice before purchasing property or crypto.
- Keep all transactions transparent and well-documented.
Book a Consultation to Get Your SMSF Set Up Right the First Time
Paul Altis
Co-Founder / Director - New Venture Wealth
For decades I’ve helped clients build, manage and protect their SMSFs with clarity and confidence. My approach is simple: listen first, explain clearly, and always act in your best interests. When you understand your options, you make better decisions — and that’s where long-term results really come from.
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