SMSF Australia FAQs
How long does it take to set up the SMSF?
We can establish your fund within 24-48 hours, although it does take time for the ATO approve your fund. Some delays can occur but generally we should have you investing in 2-3 weeks.
How much a does new SMSF costs?
Our pricing page provides a full breakdown of all costs involved.
Do I need to close down my other superannuation account?
No, you can still maintain and your other superannuation fund and you’re permitted to allocate only a portion of those funds into your new SMSF
Do I need an accountant
No. We work closely with experienced Accountants and Auditors when we process your application to ensure your fund is ATO compliant.
Can I have multitple people involoved in my SMSF?
Yes, you can have up to 4 people – each will be a director.
What is the tax rate for a SMSF?
The income of your SMSF is generally taxed at a concessional rate of 15%. To be entitled to this rate, your fund has to be a ‘complying fund’ that follows the laws and rules for SMSFs. For a non-complying fund the rate is the highest marginal tax rate.
Can i borrow money to buy property in my SMSF?
Yes you are permitted to invest in property in Australia and can borrow from a bank or lender to purchase this property. Some restrictions and conditions will apply.
Do i have to use a specific broker to trade shares?
You are permitted to use any broker or share trading platform to purchase Australian, international shares or other listed securities.
Can i trade shares with my SMSF?
Yes you can. In accordance with your SMSF investment strategy.
Book a Free Consultation
We provide a FREE 30 minute online SMSF consultation to help you discover how to set up a self managed super fund.
Book in a time for your free SMSF Consult with one of our account managers who will be happy to answer any queries you have about setting up your new SMSF