Paying establishment costs before or after your self-managed super fund (SMSF) legally exists can have different contribution outcomes.
If you personally pay establishment costs before your SMSF legally exists, the payment is not a contribution. Different rules can apply once the SMSF has been established.
We’ve updated our guidance to make these distinctions clearer and explain:
- how to pay establishment costs
- when costs are and are not contributions
- which establishment costs an SMSF can charge against a member’s benefits
- the tax treatment of establishment costs
- Australian Securities and Investments Commission (ASIC) fees for corporate trustees.
Before you pay or reimburse establishment costs, visit Choose your SMSF trustee structure to check the updated guidance on establishment and ongoing costs.
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