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Steps after setup

After you have signed all the documents and sent the signed pages to us, your SMSF will be officially up and running!

Steps after the setup:

1.please use the ABN provided to you to check your SMSF status on Super Fund Lookup website.

If you see the status of your new SMSF is “complying” or “registered”, you can start doing the next step. If the status is “being processed”, please hold off doing the next steps until it has been changed to “complying” or “registered”.

2.open the bank account in the name of your SMSF.

We can help open ANZ V2 Plus Account and you need to advise us if you want us to open one for your SMSF or not. Please note ANZ V2 Plus Account does not have any monthly account keeping fees and also there will be interest income on cash sitting in the bank account regardless the balance.

You can also open bank accounts with any banks you prefer and we do not have any restrictions.

For more information, please read this link: Open Bank Accounts

3. organise the rollover from your retail or industry super fund. Please follow the guidelines in this link:   Rollover of super to SMSF.

Some super funds may issue cheques to sent to our office. We will bank it into your SMSF bank account immediately if that is the case. You need to let us know your bank account details if we do not open the bank account for your SMSF.

4. advise your employer to pay employer contribution to your SMSF.

You will need to provide Electronic Service address (ESA) to your employer. For more information, please read this article: Electronic Service address (ESA)

5. open investment platform or trading account.

Please note we do not have restrictions on brokers, exchanges, trading platforms and investment trading accounts. As long as you can open the account in the name of your SMSF, it will totally acceptable by iCare SMSF.



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