Go-To Guide – Establishment of an SMSF

The SMSF Association has updated their, previously published in 2018, Go-To Guide on the establishment of an SMSF. 

This comprehensive technical resource will provide you with the steps required to set up and register an SMSF with the ATO, helping you to ensure that you limit any delays with establishment. 

This Go-To Guide highlights the relevant Reports and Information Sheets released by ASIC to provide guidance for those wishing to advise in the SMSF space, including accountants. It covers some of the findings and practical tips from ASIC’s research into member experiences in setting up and running an SMSF and whether advice providers are complying with the law when providing personal advice to retail clients to set up an SMSF.

We encourage you to utilise parts or the entirety of the Go-To Guide with your SMSF clients to help guide them every step of the way and ensuring their understanding and confidence of managing their own superannuation.

At the time of publishing, the contents of this resource were accurate and correct.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001 © SMSF Association