JDFP - Diversity by Design

SMSF Documents

When setting up a Self Managed Super Fund (SMSF) you have four main parts

The Trustee
With the trustee you will need to decide if you will have personal or a corporate structure, both have their pros and cons, we do however recommend a corporate structure.

For this part documents are required to either appoint as trustee or establish a company as trustee

The Fund
The fund itself requires a Superannuation Fund Deed, this document is the heart of the fund and covers off the rules of the fund, and guidlines on the activities of the fund.

The Assets
The basic asset of the fund is a cash account, we recommend that the SMSF uses a MAcquarie Cash Management Account, because its simple, easy to use, no transaction fees, and is easy to monitor and ensure compliance is maintained.

Limited Recourse Borrowing Arrangement (LRBA or Bare Trust)
This part is only required should you be looking for purchasing a real estate property AND using borrowed funds to do it.