Self Managed Super Funds FAQs

As I have always mentioned in the website, the most important that the foundation of the fund needs to be strong, therefore it is vital that all members get fully involved in the process and know the steps to take to create a SMSF account. There are some basic steps noting that we haven`t got into the full details of the steps:

  • Create a trust deed
  • Appoint a trustee
  • Tax File Numbers need to be recorded for each member with the ATO
  • Open a Bank Account
  • Register with the Australian Taxation Office
  • Prepare an investment strategy

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