Setting up a Self Managed Super Fund (SMSF)

Hi, I am looking to move my superannuation from an industry fund to a self managed super fund, largely to gain greater control over investment choice. I am not looking to do anything out of the ordinary with the investments, borrow money, lend money to a business, or any of those other things that often drive people to set up a SMSF. My investment approach will be to buy and hold largely diversified index funds. I see the CBA has a SMSF package that allows you to establish a trust deed, provides auditing services, etc. I also see that DIXON Advisory and others offer a vehicle and support services to those wishing to establish a SMSF. I was woundering whether those on the forum who have gone through this process could offer some tips on the best vehicles to use. What worked well and what did not work so well. I am not looking for the cheapest offering, but also don’t want to spend on fees unnecessarily if there is a good operator in the market with reasonable fees and a great product.

 

A deed is a legal document so you really should see a lawyer to set one up, however part of the setting up will involve financial advice so you will need a financial planner in conjunction with the lawyers. I would suggest you avoid CBA.

 

e-super works for me & others here,low cost,simple & they take care of everything,check t out on line.

 

I use SuperPlus

Fees and Auditing come to around $2k p/a; 2 individual trustees, 2 member accounts, various investments, 1 CMA

Pricing

 

Another vote for esuperfund

 

I always understood that it was better to have a corporate trustee than individual trustees for a SMSF.

Anyway, that is what we have.

Why SMSFs should have a corporate trustee - Cuffelinks

 

Talk to Paul Gerrard at Price Financial - you'll find him on here somewhere

 

Thanks. Appears the first port of call is a good accountant who can basically glue the whole thing together. Ie. Get lawyer to draft trust deed, provide financial advice, provide guidance on annual tax returns, etc.

 

You wouldn't look at something like Choiceplus under the Hostplus which allows the holder to choose from a selected number of Shares, LICs or ETFs to invest the super in.
Hostplus - Investment Options - SMSF

This thread might help ? Super for Lazy People - how to grow it if you don't want to SMSF