SMSF Setup & Structuring
Building Your Foundation
Lay the Right Foundations for Your SMSF
Starting an SMSF is a significant decision. It involves legal, tax and administrative steps that must be completed correctly for your fund to be recognised and allowed to operate.
At Allied Accounting Group, we manage the setup and registration process and help you establish a structure designed to comply with SMSF requirements from day one.
What’s Involved in Setting Up Your SMSF
Trustee Structure Selection
Explaining the differences between individual and corporate trustee structures so you can choose the option that best suits your circumstances. Where appropriate, we may suggest you seek legal or financial advice on this decision.
Establishing the Trust and Trust Deed
Arranging for the preparation of an SMSF trust deed designed to comply with superannuation law and reflect the types of investments you intend to consider. We’ll guide you through the signing and establishment steps.
Record-Keeping & Transaction Processing `
- Registering your SMSF with the ATO
- Obtaining an Australian Business Number (ABN) and Tax File Number (TFN)
- Registering for GST where applicable
- Setting up your electronic service address for SuperStream-compliant rollovers
Bank Account & Investment Platform Setup
Assisting with opening a bank account in the fund’s name and, if required, helping you establish accounts with investment platforms, brokers or other service providers.
Rollover Coordination
Coordinating the rollover of benefits from existing super funds into your new SMSF, helping to ensure the process is documented and reported correctly.
Documenting an Investment Strategy
The ATO requires every SMSF to have a documented investment strategy that considers risk, diversification, liquidity and the ability to pay benefits.
We help you:
- Document an investment strategy based on the objectives and risk profile you outline
- Ensure the strategy addresses the elements the ATO expects to see
- Review and update the documentation when your circumstances change, based on your instructions
We do not recommend specific investments or products. For advice on which investments are suitable for you, you should speak with a licensed financial adviser.
Why Proper Setup Matters
An SMSF that is incorrectly established or poorly documented can experience:
- Delays in receiving contributions and rollovers
- Difficulties with audits and ATO registrations
- Potential compliance issues that may affect tax outcomes
By working with a team experienced in SMSF establishment, you can reduce these risks and start your fund with a clearer structure and documentation in place.
Who This Service is For
This service is suited to individuals who:
- Are establishing an SMSF for the first time
- Are rolling over balances from one or more existing super funds
- Are restructuring an existing SMSF (e.g., changing trustees or adding/removing members)
- Want support with the legal, tax and administrative processes involved in setup
Build Your SMSF on Solid Foundations
If you’re considering an SMSF, it’s important to get the setup right.
Book a free, no-obligation strategy session with one of our SMSF specialists. We’ll step you through the establishment process, explain what’s involved, and discuss whether an SMSF structure is administratively suitable for your circumstances.
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Important information
The information on this page is general in nature and does not take into account your personal objectives, financial situation or needs. Allied Accounting Group provides SMSF administration, taxation and compliance services. We do not provide personal financial product advice. You should seek advice from an appropriately licensed financial adviser before making decisions about contributions, investments or pension strategies.
All SMSF audits are conducted by independent ASIC-approved SMSF auditors. As trustee, you remain legally responsible for the operation and compliance of your SMSF.
Since 1 July 2016, advice about superannuation must be provided through an Australian Financial Services Licence. In order to provide personal advice to our clients in relation to superannuation and self managed superannuation funds, Allied Accounting Group Pty Ltd chosen to be authorised through the SMSF Advisers Network Pty Ltd (SAN) – the Australian
Financial Services Licence of the National Tax and Accountants’ Association Ltd (NTAA).
SAN supports our practice in providing advice regarding:
- Establishment of SMSFs
- Contribution strategies (amounts, types, withdrawal and recontribution)
- Pension strategies (account based and transition to retirement)
- Transfer of business real property into superannuation
- Withdrawals, commutations and death benefit payments
- Limited Recourse Borrowing Arrangements
- Provision of an asset class investment strategy (based on an assessment of your risk profile)
- Winding up of SMSFs
The person/people at this practice authorised by SAN to provide superannuation and self managed superannuation fund advice is/are:
Gavin Woolford – Authorised Representative No. 001243429
Elliot King – Authorised Representative No. 001272991