How To Set Up Your SMSF
You must set your Self Managed Super Funds as easy as possible so that it can be considered eligible for tax concessions and can receive superannuation contributions. You need to administrate it easily.
Things You Must Know
- Your SMSF needs to register through the Australian Business Register, once registered your SMSF will be listed on super fund lookup.
- Member will need to supply their TFN to be able to make contributions.
- You can appoint your members, individual and corporate trustees for your SMSF.
- You must have legitimate and correctly executed trust deed which will be signed by all the members of your SMSF.
- You must have a trustee declaration.
These loans are typically secured by collateral. In most of the cases, the company or the new venture of the same is used as the security.
