Setting Up a New SMSF

Setup SMSF

We can assist in establishing your Self Managed Super Fund (SMSF) at no initial setup cost* (upon your instruction only — we do not provide financial advice). Our team ensures that every requirement is handled professionally and efficiently.

Once we receive your online application and payment, we take care of the complete setup process, including:

  • Preparation of your SMSF Trust Deed
  • Documentation for appointing trustees
  • Election to register your SMSF as an ATO-regulated fund
  • Application for Tax File Number (TFN) and Australian Business Number (ABN)
  • Official resolutions and minutes confirming fund establishment
*Setup is free for Individual Trustees. If a Company Trustee structure is required, a setup fee of $799 will apply.
Start Setup

The Setup Process

The following is factual information and not financial advice. Here’s a clear step-by-step overview of how your SMSF is established.

01
Decide Members & Trustees

A self managed super fund can have 1–6 members and requires at least 2 trustees (unless using a corporate trustee).

02
Complete Online Application

Submit your SMSF application online by filling in your details securely through our system.

03
Checkout & Payment

We offer FREE setup with first-year benefits. If a company trustee is required, a one-time setup fee applies. Second-year fees are payable in advance after submission.

04
SMSF Establishment

We prepare all legal documentation including trust deed, trustee documents, ATO registration, and official resolutions.

  • SMSF Trust Deed
  • Trustee Appointment Documents
  • ATO Registration (ABN/TFN)
  • Official Resolutions & Minutes
05
ATO Confirmation

You will receive confirmation of SMSF establishment along with your fund’s ABN and TFN.

06
Open Bank Account

Open a dedicated SMSF bank account to manage contributions, expenses, and investments separately.

07
Transfer Existing Super

Roll over your existing superannuation into your SMSF by submitting the required transfer forms.

08
Setup Trading Account (Optional)

Open a brokerage account if you plan to invest in shares or other securities.

09
Start Investing

Once funds are available in your SMSF account, you can begin investing based on your strategy.

Frequently Asked Questions

Who is Fastsmsf?

Fastsmsf is an SMSF service provider in Australia helping thousands of investors establish and manage their funds since 2017. We handle compliance, reporting, and audit coordination while allowing clients to retain full control over their investments.

How long does it take to establish an SMSF?

After submitting your application, documentation is usually provided within 1 business day. Once signed and submitted to your bank, the full setup process typically takes around 3–4 weeks.

Is there a minimum balance required?

There is no legal minimum balance required to establish an SMSF. You can start with any amount, although seeking financial advice is recommended to ensure suitability.

Are there any investment restrictions?

There are no restrictions from our side. As long as your investments comply with superannuation laws, you are free to choose banks, brokers, and investment platforms.

What happens if Fastsmsf stops operating?

Your SMSF assets remain fully in your control. All accounts are held in your fund’s name, ensuring you retain ownership regardless of service provider changes.

Should I choose individual or corporate trustee?

Corporate trustees are generally recommended for flexibility and long-term benefits. However, both options are available depending on your needs.

Can I transfer my existing super into an SMSF?

Yes, you can roll over your existing super into your SMSF once it is established by submitting a transfer request. The funds will then be moved into your SMSF account.

Do I need professional help to manage my SMSF?

While not mandatory, professional assistance is highly recommended to ensure compliance, accurate reporting, and smooth management of your SMSF.

General Advice Warning

No Advice Express or Implied: The contents of this website are of a general nature only and have not been prepared to consider any particular investor's objectives, financial situation or particular needs. FAST SMSF does not provide financial product advice or recommend any financial products either expressly or implied. FAST SMSF expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through FAST SMSF. This applies equally to those financial products which are established for your SMSF when you become a client of FAST SMSF. Any information provided in relation to any financial product or service available through FAST SMSF is factual information only about the operation of the account and how data is made available to FAST SMSF. Where this website refers to a particular financial product then you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the PDS before making any decision about whether to acquire the product. We also recommend that you should seek professional advice from a financial adviser before making any decision to purchase any financial product referred to on this website. While the sources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omissions.

Seek Professional Advice from a Financial Adviser: FAST SMSF is a no advice model and does not provide financial, legal or tax advice to clients. We recommend that you seek appropriate professional advice in view of your personal circumstances. A licensed financial adviser will consider your personal situation and make a recommendation suitable to your financial needs. All information detailed on our website is purely factual and is general in nature. Accordingly, you should not rely on it. It should always be remembered that Trustees are legally responsible for all the decisions made even if you obtain advice from a Financial Planner. Whilst a Financial Professional can provide advice and assistance you are ultimately responsible for the Fund.

Fees: Fees relating to operating your SMSF with FAST SMSF are detailed on our fee page. When setting up an SMSF it is important to understand that additional fees may apply that must be carefully considered prior to making a decision to set up an SMSF including an ATO Supervisory Levy, Company Trustee Setup Fee (where applicable), and Investment Fees.

ATO Reference: Please check the ATO website for details: ATO Starting an SMSF Guidelines (PDF)

Liability limited by a scheme approved under Professional Standards Legislation. JP BUSINESS EXPERTS PTY LTD ABN: 76 645 075 645.