If you are ready to establish a new SMSF, ESUPERFUND can attend to the all aspects of the setup process for you. More importantly under our current
promotional offer it is absolutely FREE to establish a SMSF with ESUPERFUND. The process to setup your own SMSF is detailed below.
To establish a SMSF you simply need to visit our online application form and submit your application over the internet. Our online application can
be found here.
Timeframe: You can submit an online application in as little as 5 minutes.
On submitting your online application to establish an SMSF, ESUPERFUND will mail to you all the required documentation necessary to establish the
SMSF. Importantly the "Establishment Package" documentation is pre-populated with the information provided by you in the online application meaning
there is absolutely no requirement by you to complete any documentation. The "Establishment Package" includes:
Providing the SMSF Trust Deed
Providing documentation to appoint Trustees
Providing Trustee Declarations
Lodgement of an Election for your SMSF to become a Regulated SMSF
ATO Application to obtain a Tax File Number for your SMSF
ATO Application to obtain an Australian Business Number for your SMSF
Sample Investment Strategy that you can adopt for your SMSF or modify if required
Resolutions and minutes to acknowledge the establishment of your SMSF
Application to establish a Bank Account with either ANZ or CBA (see here for more)
Application to establish a Broker Account with either EBROKING or CommSec (see here for more)
Timeframe: An "Establishment Package" will be mailed to you in 1-2 business days after submitting the online application.
As detailed above, the "Establishment Package" forwarded to you when you submit your online application to establish your SMSF includes ALL the
documentation required to establish your SMSF including the SMSF Trust Deed. We understand that establishing a SMSF is a big decision. So it is
acceptable if you change your mind after applying to establish the SMSF. In fact when you receive the "Establishment Package" to setup the SMSF, you
will have one month to review the documentation including the SMSF Trust Deed and can cancel the application at any time at no cost to you.
Alternatively if you wish to proceed with establishing the SMSF you simply need to sign and return the "Establishment Package". It could not be
easier. Or fairer!
Timeframe: You have one month to review the documentation including the SMSF Trust Deed and can cancel the application at any time at no
cost to you.
The "Establishment Package" forwarded to you is broken up into 2 parts. The first part includes the Trust Deed and all supporting documentation to
evidence the establishment of the SMSF. You must retain this documentation as it evidences the existence of your SMSF. The second part of the
documentation is comprised of application forms that must be signed and returned to our office for processing. You will also need to provide 100 points
of identification (details can be found here). Once you sign and return the
documentation, ESUPERFUND will commence establishing the SMSF for you. This includes arranging to establish the Transaction Bank Account and Share
Trading Account and registering the SMSF with the ATO. It is important to understand that when you return the "Establishment Package" ESUPERFUND do not
require you to agree to sign up for an agreed period of time. You are free to leave at any time and for any reason.
Timeframe: Once you sign and return the Establishment Documentation it takes approximately 4 weeks to establish your
Documentation to establish a Compulsory Transaction Bank Account is included with the documentation forwarded to you when you submit your online
application to establish a SMSF. On receipt of the signed application, ESUPERFUND will arrange for the Transaction Bank Account to be established for
your SMSF. By using either the ANZ V2 Plus or Commonwealth Bank Transaction Account as the preferred Transaction Bank Account for our clients, we
are able to ensure that our services are provided at a fee significantly below the market. This is because we are able to electronically access the
transactions made by your SMSF in order to attend to the SMSF Annual Compliance requirements. That is at the end of each financial year, ANZ and the
Commonwealth Bank will send to ESUPERFUND an annual data file of all your SMSF Transactions. No records are required from you each year as we already
have access to the data. It is important to understand that only electronic data files are provided to ESUPERFUND. We have absolutely no access
to your Transaction Bank Account and cannot actually login to your Account to access the required data. For more on the Transaction Bank Account click
Timeframe: ANZ and the Commonwealth Bank will forward to you directly your Transaction Bank Account details including login and
passwords in approximately 1 to 2 weeks from the date you return the signed SMSF documentation to our office.
Documentation to establish a Compulsory Share Trading Account is included with the documentation forwarded to you when you submit your online application
to establish a SMSF. Your SMSF must have a Share Trading Account to buy and sell Shares. ESUPERFUND clients can choose to trade CHESS Sponsored
Australian Shares through either the CommSec or EBROKING Trading Platforms. You will be given a choice of which Trading Platform you prefer as part of
the online application process. For more on the Compulsory Brokers click here. On receipt of the signed setup documentation,
ESUPERFUND will arrange for the Compulsory Share Trading Account to be established for your SMSF
Importantly once your SMSF is established you can add Optional Brokers approved by ESUPERFUND in addition
to the Compulsory Broker selected by you when your SMSF is established (i.e. CommSec or EBROKING). These additional Approved Optional Brokers allow you
to expand your trading options to include International Shares (including Non CHESS Sponsored Australian Shares), CFDs, Options, Warrants, Futures and
Forex. These additional Approved Optional Brokers are discussed in detail here.
By limiting the Trading Platforms to our Preferred Brokers, ESUPERFUND is able to ensure that our services are provided at a fee significantly below
market. This is because we are able to electronically access the Trading transactions made by your SMSF in order to attend to the SMSF Annual
Compliance requirements. That is at the end of each financial year, your chosen Broker will send to ESUPERFUND an annual data file of all your SMSF
Transactions. No records are required from you each year as we already have access to the data. It is important to understand that only
electronic data files are provided to ESUPERFUND. We have absolutely no access to your Broker Account and cannot actually login to your Account to
access the required data. For more on the Share Trading Account click here.
Timeframe: Your chosen Broker will forward to you the CHESS Holding Identification Number (HIN) for your SMSF Share Trading Account in
approximately 2 to 3 weeks from the date you return the signed SMSF documentation to our office.
Once your SMSF has been established, ESUPERFUND will mail to you a "Final Establishment Package". This Package will include:
ATO documentation detailing the ABN Number.
ATO documentation detailing the Tax File Number.
ATO documentation confirming your SMSF is Regulated.
Share Trading details including the Share Trading Account Number.
Prepopulated Rollover Forms to Rollover your existing Super Benefit to your SMSF.
An Employee Standard Choice Form to enable your SMSF to receive Employer Super Contributions.
Timeframe: The "Final Establishment Package" with all the SMSF Setup details is mailed to you in approximately 4 weeks from the date you
return the signed SMSF documentation to our office.
Once your SMSF has been established you can apply to your current Superfund to transfer your existing Super Benefit to your new SMSF. You cannot
apply to Rollover your existing Super Benefit until ESUPERFUND has mailed to you the "Final Establishment Package" which will include all your SMSF setup
details including the ABN. The Rollover process to do this is detailed here.
Timeframe: On applying to Rollover your Super Benefit your existing Superfund is legally obliged to transfer your Super Benefit to your SMSF
within 28 days from your application date to them. This can happen sooner depending on the efficiency of your current Superfund.
Once you have rolled over your Super Benefit, you can begin investing. For details on the Investments Allowed under the ESUPERFUND Platform click here.
Timeframe: You can expect to begin investing your current Super Benefit in approximately 5-8 weeks after applying to establish a SMSF with
"I’d like to commend you on your process to date. The whole set up has been swift, you provided good notes on how to complete the documentation and you have kept me informed regularly through the process. An excellent set up service."
- P.W., QLD
"Thank you very much for setting up the fund for us. This is surprisingly easy. The communication is very clear and informative. Well done!"
- P.D.M, NSW
Information Package Sending...
General Advice Warning
The contents of this website are of a general nature only and have not been prepared to take into account any particular investor's objectives, financial situation or particular needs.
ESUPERFUND does not provide financial product advice or recommend any financial products: This applies equally to those financial products which are established for your SMSF when you become a client of ESUPERFUND.
Where this publication refers to a particular financial product then you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the PDS before making any decision about whether to acquire the product. We also recommend that you should seek professional advice from a financial adviser before making any decision to purchase any financial product referred to on this website. While the sources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omissions. When setting up a SMSF it is important to understand that additional fees may apply that must be carefully considered prior to making a decision to setup a SMSF including an ATO Supervisory Levy, Company Trustee Setup Fee (where applicable), and Investment Fees.
ESUPERFUND Trust (ABN 37 842 535 715) collects your personal information to enable us to email you the SMSF information package. The personal information collected includes your name and email address. Unfortunately if you do not provide us with the required information, we are unable to email you the SMSF information package. Please note that by receiving the SMSF information package, you agree with your express consent to provide your personal information to ESUPERFUND for marketing and promotional purposes.