Because Perry Egan Partners is a full service financial services company we can help you establish and manage all areas of yourself managed superannuation investment. This is a unique advantage available to Perry Egan Partners clients.

There are six (6) steps to be completed to set up your SMSF:

  1. Establish a Self Managed Superannuation trust deed.

  2. Appoint up to 4 trustees of the fund. (All trustees must be members).

  3. Become a regulated fund.

  4. Register your details with the ATO (Australian Tax Office).

  5. Establish a bank account for the SMSF.

  6. Establish an investment strategy for the fund.

In addition to this, if you want to buy property with Super, with a mortgage you will also need to establish an instalment debt warrant. This is the entity which provides the structure to allow the fund to borrow money to buy property.

Setting up a Self- Managed Super Fund

Other considerations: 

Who are the trustees? 

The trustee can be either a individual trustees or a trustee company; all members are required to be either a trustee or directors of the trustee company.

A fund cannot have a sole individual as a trustee so for single member funds; there are a number or options. The member can become the sole director of the trustee company or appoint a second person (not an employer) to act as the trustee of the fund.

When using a trustee company, remember all members must be directors of the trustee company.

What are the duties of the Trustee's? 

The Trustee's duties are governed by the Superannuation Industry Supervision (SIS Act) 1993.

Trustees are required to:

  • Act honestly in all matters concerning the fund.

  • Exercise the degree of skill and judgement of an ordinary prudent person when handling the financial affairs of another person.

  • Act in the interests of the members and their beneficiaries.

  • Meet the requirements of SIS.

  • Maintain records and discharge ATO requirements.

  • Comply with investment restrictions.

How can Perry Egan Partners help? 
 

Perry Egan Partners can help you in all areas of self managed superannuation or in each of the following specialised areas:

  • Self Managed Superannuation establishment

  • Self Managed Superannuation Property Warrant establishment 

  • Self Managed Superannuation Compliance and Audit 

  • Self Managed Superannuation mortgage structuring 

  • Self Managed Superannuation Investment strategy and advice 

  • Self Managed Superannuation investment property selection

     

To see how Perry Egan Partners can help you with your self managed superannuation needs please contact us.