Setting up a self-managed super fund

Check your progress

Preparing an investment strategy

Make sure your fund has a written investment strategy which:

• is unique to the fund and the members' circumstances
• is reviewed on a regular basis
• contains investments which comply with the super laws.

For more information, see Preparing an investment strategy.

Keeping records

You need to:

• consider how you will manage the fund's records
• know your record keeping responsibilities.

For more information, see Keeping records.

Appointing SMSF professionals

You need to:

• consider whether you should engage SMSF professionals to help manage your fund
• know you need to appoint an independent auditor for each income year.

For more information, see Appointing SMSF professionals.

Planning for the future

You need to understand whether your fund's trust deed permits members to lodge a death benefit nomination with the trustees and act accordingly if they have not done so - see Death benefit nominations.

You have considered:

• obtaining life, disability or income protection insurance on the members' behalf
• insurance to protect the fund's assets.

Sections within Preparing to operate your fund

• Preparing an investment strategy
• Accepting contributions and rollovers
• Keeping records
• Appointing SMSF professionals
• Paying super benefits to members
• Planning for the future
• Check your progress