Setting up a self-managed super fund

Preparing an investment strategy

Your fund has a written investment strategy (see Preparing an investment strategy).

The investment strategy is unique to the fund and the members' circumstances (see Preparing an investment strategy).

All investments in the strategy comply with the super laws (see Preparing an investment strategy).

Accepting rollovers and contributions

have:
accepted contributions and rollovers to your fund according to the super laws and the fund's trust deed
kept a record of all contributions and rollovers and allocated them to each member's account (see Accepting contributions and rollovers).

Record-keeping

You have considered how you will manage the fund's records (see Record-keeping).

You know your record keeping responsibilities (see Record-keeping).

Appointing SMSF professionals

You have considered whether to use one or more SMSF professionals to help manage your fund (see Appointing SMSF professionals).

You know you need to appoint an independent approved auditor for each income year (see Appointing SMSF professionals).

Planning for the future

The fund's members have considered whether to lodge a death benefit nomination with the trustees (see Death benefit nominations).

You have considered obtaining life, disability or income protection insurance on the members' behalf (see Insurance).

You have considered insurance to protect the fund's assets (see Insurance).

Last Modified: Wednesday, 11 March 2009