How It Works

How do I set up a new self managed superannuation fund?

You:

• Consult your financial professional for advice as to the appropriateness of a self managed superannuation fund
• Read the ATO booklet: 'Thinking About A Self Managed Superannuation Fund'
• Choose a name for your new superannuation fund
• Consider the trustee structure: Individual Trustees or Corporate Trustee
• Complete the new fund order form & forward to our office for processing 
  

New Super:

• Arrange the establishment of your new superannuation fund
• Provide three copies of trust deed associated minutes
• Provide Consent to Act as Trustee
• Provide PDS to members
• Provide a sample investment strategy
• Register the fund for an ABN, TFN & GST (if requested) with the ATO 
• Establish Macquarie Cash Management Trust account
• Send establishment documents including Administration Agreement for signing

Then You:

• Sign and return all documents to our office
• Prepare fund investment strategy
• Make contributions to your new SMSF
• Rollover your existing super to your new SMSF
• Commence investing in line with the formulated investment strategy.

• Complete the Existing Superannuation Fund Transfer Form with all relevant details of your superannuation fund
• Using the checklist at the end of the form, collate your superannuation fund records and mail them to our office.  If you are unsure what information to send, send everything you have and we will sort through the information.

New Super:

• An ethical letter will be forwarded to your previous accountant as a matter of professional courtesy.  It also enable us to collect information that your previous accountant is holding
• Forward to you Administration Agreement and other documentation to enable us to undertake the administration of your superannuation fund
• Add your superannuation fund to our tax agent lodgement program with the Australian Taxation Office
• Sort your superannuation fund records to determine if any information is missing
• Process your superannuation fund records
• Correspond with you, and your previous accountant, for any missing information that may be required for audit purposes.
• Completion of financial statements, tax return and facilitation of the audit of your superannuation with Guardian Audit Service.
• Return any documentation that we determine is not necessary
• Ensure superannuation fund is ready for future years administration requirements

Click here to download a form to Transfer an Existing Fund to New Super

How do I commence a pension from my superannuation fund?

You

• Consult your financial professional for advice as to the type of pension required
• Complete the relevant pension establishment form from our website and return it to our office processing 

New Super

• Prepare minutes for the establishment of your penison(s)
• Calculation and notification of pension payment requirements
• Set up periodic payment of pension
• Register you superannuation fund for PAYG withholding if required
• Accounting change from accumulation to pension phase
• Prepare Centrelink schedule if required
• Organise for an actuarial certificate if required
• Ongoing pension management to ensure your pension meets the pension requirements of superannuation regulations

Click here to download a pension establishment form