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Setup costs

iCare Super has been providing free SMSF setup services for SMSF trustees since 2012. Our setup process only takes 1-2 days. Most SMSFs were set up by us in 1-2 hours after receiving the Online SMSF setup application form.

Nowdays, it is almost impossible for  SMSF trustees to find a SMSF provider who offers free SMSF setup services without any conditions attached in Australia. SMSF administrators, accountants or financial planners normally charge between $330 to $2,200 to set up a SMSF. Some SMSF service providers may offer free setup services but they require trustees to pay if they do not use their services for preparing the tax return and financial reports.

iCare Super’ free setup services is free of charge and  do not require you to use its accounting or audit services. We do not have any referral arrangements with any third party services providers, such as trading platforms, financial planners, mortgage brokers or banks. We give you 100% control of your SMSF and you will not be financially disadvantaged by setting up your SMSF with iCare Super.

Please note only SMSF setup is free. Our free setup services including the following:

  1. All the setup legal documents: our setup legal documents including SMSF trust deed, member application, trustee consent form, investment strategy template, binding death nomination form, ATO trustee declaration forms and other optional documents , such as SMSF compliance certificate, risk management statement and full or partial rollover statements.
  2. TFN/ABN: we will apply for TFN/ABN during the setup process.
  3. Bank account setup: we will help you set up a bank account in the name of your SMSF.
  4. Support for the rollover process: we will provide assistance or guidance with filling in the rollover form.

If you need a company as the trustee of your SMSF, our costs for the company are $880.

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