How do I setup a Self Managed Superannuation Fund?

UHY Haines Norton, with the assistance of a recommended solicitor, can assist in setting up a fund. We also recommend you obtain financial planning advice. Generally we do not believe it is economic to set up a SMSF unless there is a minimum of $250,000 in the fund.

Steps in setting up a Self Managed Superannuation Fund?

• Preparation of a trust deed to form the fund and appoint trustees and members.
• Setting up a bank account for the fund or overseas pension fund.
• Transfer of cash to the fund bank account.
• Preparation of an investment strategy.
• Make investments in line with your investment strategy.
• Arrangement of annual financial statements to be prepared and audited and relevant returns to be submitted to the ATO.