How to Set Up Your SMSF with Trinity Accounting Practice

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How to Set Up Your SMSF with Trinity Accounting Practice

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Step 1 Decide members and trustees

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Pick 1 to 6 members. Choose whether to have individual trustees or a corporate trustee. Corporate trustees provide stronger asset protection and simpler administration when members change.

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Step 2 Submit your application

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Complete our online form. Provide member and trustee details. Select if you want a corporate trustee. Submit securely online.

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Step 3 Corporate trustee setup
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If you choose a corporate trustee, we handle the company registration with ASIC. This includes:

• Company name registration
• Appointment of directors
• ASIC forms and setup documents
  

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Step 4 Confirm your setup fee
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Corporate trustee setup incurs a one-off fee $3,500 + GST . You pay when you submit. This can be reimbursed from the SMSF once active.

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Step 5 We prepare your SMSF setup documents
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We handle all legal and administrative steps. We provide:

• SMSF trust deed
• Trustee or corporate trustee appointment documents
• Election to register your fund with the ATO
• ATO applications for TFN and ABN
• Minutes confirming your SMSF’s establishment

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Step 6 ATO confirms your fund
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ATO mails your SMSF’s TFN. We send your ABN. You get confirmation once the fund is registered.

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Step 7 Set up your ESA (Electronic Service Address)
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We register your ESA so your SMSF can receive SuperStream contributions and rollovers electronically. This ensures compliance with ATO requirements and smooth transfer of funds.

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Step 8 Open your SMSF bank account
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Use your fund’s TFN, ABN, trust deed, and corporate documents (if applicable) to open a bank account. This account is for contributions, rollovers, earnings, expenses, and investments. Keep SMSF funds separate from personal accounts.

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Step 9 Rollover existing super
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Gather your statements. Complete a rollover form. Your current super fund transfers funds into your SMSF account securely.

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Step 10 Optionally set up a trading account
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If you plan to invest in shares or securities, you may open an SMSF brokerage account with your choice of provider.

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Step 11 Begin investing
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Once your rollover arrives, you may begin investing. Use your investment strategy and brokerage as you choose.

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👉 Trinity Accounting Practice
✅ Accounting Firm in Beverly Hills
☎️ 02 9543 6804
📍 159 Stoney Creek Road Beverly Hills NSW 2209
🌐 www.trinitygroup.com.au
📅 Weekend & after-hours appointments available!
📅 Booking Link https://calendly.com/ramy-hanna.

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📌 Learn more about what we offer:
https://www.trinitygroup.com.au/services

📌 Discover the industries we specialise in:
https://www.trinitygroup.com.au/niches

📌 Read more tax and accounting tips on our blog:
https://www.trinitygroup.com.au/explore-learn

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