SMSF Setup

If you have decided to set up an SMSF, Superannuation Warehouse can execute the SMSF (Self-Managed Superannuation Fund) setup at a cost of $350, using Individual Trustees. The standard SMSF setup is for two or more Individual Trustees (maximum 4). If Trustees want to use a Corporate Trustee, we charge $1300 for the Pty Ltd Company setup. However most Funds are set up using Individual Trustees. For the advantages of using a Corporate Trustee, see the page explaining pros and cons of using a Corporate Trustee.

A Trustee has the responsibility to ensure that their SMSF complies with ATO rules. Therefore, before you set up an SMSF, the ATO expects the same level of discipline from your personal tax affairs. If you have any personal tax returns or debt outstanding, the Tax Office will not issue an ABN or TFN required to set up the Fund. If you are associated with any outstanding tax return or debt, please do not proceed with this application.

In order to instruct Superannuation Warehouse to set up your SMSF, simply complete the form below.  As soon as we receive your application, we’ll phone you to confirm your details (so no problem if there’s a typo in the document) and start the setup process.

Applying Online

An SMSF name doesn’t have to be unique. A typical SMSF name might be “Smith Family Super Fund”. A Fund’s unique identifiers will be its ABN (Australian Business Number) and TFN (Tax File Number).

Some guidelines and regulations when setting up an SMSF are as follows:

  • An SMSF must be an indefinitely continuing Fund.
  • An SMSF’s sole purpose is to provide superannuation benefits to Members upon reaching a prescribed age or upon their retirement, death, or other cessation of employment.
  • From 1 January 2015, it is an ATO requirement that an SMSF must be activated and holds assets at the time of establishment. For this reason, the initial SMSF application fee that you pay to us when setting up the Fund will be treated as a personal contribution to the Fund to meet this ATO requirement.

Binding Death Benefit Nominations are optional. If you do make a nomination for death benefits, it will be added into the Trust Deed. A Binding Death Benefit Nomination could be something like this, “On the death of Member 1 the total benefit should go to my wife Suzie Smith”.

When setting up an SMSF, you can use Individual Trustees or a Corporate Trustee. Click on a button below to instruct us to set up your SMSF.

What Happens Next

We will receive an email confirmation once you have submitted this form. We will call you within 4 hours (during office hours) to confirm your details and set up the SMSF. Rest assured we will not set up a Fund before we speak to you.

Delivery Policy

As mentioned above, an SMSF must hold assets when it is established thus, payment must be paid at the time you submit your SMSF application to us. Our Delivery Policy is that Trustees pay for services rendered as per the fee schedule noted above after which we will deliver our services.

  • Michael Nau

    May I ask if I could get into a SMSF even with only $30000? If so is there one that let’s me invest in physical gold/silver?
    Or do you think that my ongoing expenses would be too high for $30000? Thank you. Michael

    • Hein Preller


      With the strict rules around advice in Super, we can’t legally give you advice if its a good idea to set up an SMSF and whether its right for you. We can, however, give you some factual information for you to make this decision.
      As the cost of running an SMSF is mostly fixed, it does make it relatively expensive if your balance is relatively low. There is no legal minimum or maximum amount you are allowed to have in an SMSF. Factors you can consider when deciding whether to set up an SMSF are as follows:
      1. Decide how long you are going to contribute to super, if you have many years ahead of you, it might be sensible to set up the structures now, even with a low balance;
      2. In an SMSF you have control over costs, as you know the total cost for running the Fund, there’s no Trustee fees to pay or investment managers to pay as you act as Trustee for the Fund and can’t pay yourself for these services;
      3. Keep your operating costs to a minimum if you have a low balance, so use a cost-effective accountant like Superannuation Warehouse and use a bank account that is fee-free;
      4. An SMSF gives you access to investment classes not available in retail funds for example precious metals and direct investments in property; and
      5. Consider adding another Member to the Fund, e.g. a spuse, friend or child. This gives you economies of scale and make make it more worthwhile to run an SMSF.
      Lastly, an overall investment strategy you can use is to utilise the SMSF for a specific strategy, for example investing in precious metals. The remainder of your super you can leave in an industry fund for them to manage your exposure to shares and you therefore do not put all your eggs in one basket.
      Trust this gives you some guidance

      • Michael Nau

        Hein what happens if I’d manage to bring a friend aboard and go with the $39 option? As there are two people now is it that each one minds their own business (invests/buys/sells whatever shares/gold bullions etc) or would there be the need for a singular decision which then would affect both super funds every time commodities are bought/sold?
        If I go with the $79 version I understand that all decisions affect only me as I’d be the only one in there…now if I’d decide to invest in physical gold/silver only (I really want to get out of shares asap as I believe it’ll deeply crash soon) how do i pay the monthly $79 out of the SMSF? Buy some coins and sell them every month? Not to forget the $1100 set up fees for Corporate Trustee SMSF. Your efforts are greatly appreciated!

        • Hein Preller

          Michael, the second Member in the Fund will be closely associated with you. The second Member is usually a spouse or a good friend. The Fund should have a central bank account to operate from and accept contributions, so the affairs of the 2 Members are closely intertwined.
          The $39 option is for cash and term deposits only. Once you buy and sell other assets in the Fund, the accounting and tax tasks become more complex, hence the higher fee of $79.
          Leave enough cash in the Fund to pay our accounting fee and to ensure if there’s any other expenses, pensions or tax to be paid there’s adequate liquidity to settle these.
          As part of the accounting process, we will allocate the earnings in the Fund to the Members. This is calculated on a daily weighted basis, meaning the Member with the higher balance will get a bigger slice of the pie.
          Lastly remember you can be a sole Member in the Fund, with the second person acting as a Trustee only and therefore no financial interest in the Fund.

  • Michelle Groove

    I’m in NSW. Does the SMSF trust deed need to be registered with Land and Property Information (LPI) and if so do you do this? Thanks.

    • superannuationwarehouse

      I take it you refer to the steps when an SMSF purchase a property. The conveyancer or lawyer will arrange for the property to be registered in the name of the SMSF. We are accountants, so therefore we lodge tax returns and prepare financial statements for SMSF’s, we don’t do legal or conveyancing work.
      For some general guidance when an SMSF purchase property, see our property page:
      Trust this gives you the guidance needed.

  • David

    HI There – is there a minimum balance to set-up an SMSF. I am wanting to set up an SMSF with my wife. Transfer our existing Super as there are several opportunities I wish to start taking control of. Our combined balance will be a minimum of $130,000. With estimated investment returns being between 8-10%pa

    • superannuationwarehouse


      There’s no legislated minimum to have in an SMSF. Its purely up to you when to start it. Factors to consider is how much you have in super now, your future potential earnings and contributions into super and the type of investments you want to make via an SMSF.


      • Nathan Kidd

        Hi. Im based in nz and wish to explore POA with smsf. I have an existing balance to transfer and want to ensure residency in Australia is maintained. Any help appreciated thanks

        • superannuationwarehouse

          My understanding is a POA must be executed when you are in Australia, in order fro the SMSF to meet residency requirements.
          We give POA templates for download here:

          Lastly, for specific guidance on your SMSF, you can phone the ATO or request written advice.
          Trust this gives you the guidance needed.

  • Robert Page


    i would like to boost my retirement savings by investing in cryptocurrency – bitcoin

    from reading your site, this is permitted using your trust deed and an appropriate investment strategy

    i already have an SMSF with a corporate trustee and with myself as a sole director since i am the only member, although the trust deed of that SMSF does not permit investing in cryptocurrencies

    can i use the same trustee company for multiple SMSF’s as long a the directors of the trustee company are also members of each fund?

    what would be my setup cost to you if i BYO trustee company ?
    What would be the annual running cost of this smsf, including audit if the only investment was crypto currency ?


    • Hein Preller


      An SMSF can invest in virtual currency, on the basis the Deed and Investment strategy allows for it. Remember you can update the Investment Strategy if required. We give a download for an investment strategy template here that can be edited to agree with your SMSF investment objectives:

      We also give some guidance on Bitcoin and virtual currencies in an SMSF here:

      On your question if you can use the same corporate trustee for more than one SMSF, yes, this can be done but a more efficient way may be to use your existing SMSF if you do have one in place already.

      Keep well,

  • Paul

    I’d like to purchase a property as a SMSF investment and in say 10 years purchase that property from the SMSF with the proceeds of my principal residence sale. I’d then like to use the cash balance in the SMSF to invest in a different asset class (probably shares). This is a strategy to buy a retirement home and boost Super balance while allowing for a substitution of assets down the track to ensure distributions are tax free in my hands as an income stream from a super fund.

    • Hein Preller

      You obviously have a good understanding of the rules in considering this strategy.
      Legislation makes that related party can’t sell a residential property to an SMSF. But the SMSF can sell a residential property to a related party, in this case you. When selling the property from the SMSF to yourself, make sure its sold on an arms-lenght basis and commercial terms. Another strategy to consider is making sure the property is part of your pension phase, resulting in the potential capital gain to be taxed at NIL.
      Keep well,

Contact Details


Peace Of Mind

We are Melbourne based with clients throughout Australia. Our SMSF administration service is mostly paperless. This enable us to charge a fair fee, resulting in a good value-proposition for you.

No Advice

Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.