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smsf step by step guide

The below steps Required To Setting Up Your Self Managed Super Fund.
At New Venture Wealth we assign you with a SMSF Specialist to assist you every step of the way!


Step 1 - Complete application in 5 min

Take control of your superannuation and start making your own investment decisions by setting up a self managed super fund. Simply go to our ‘SMSF Application’ tab and commence your application. If you need any assistance during the application process or have any questions please email or call us on 1300 050 939.

Step 2 - Send us your Director ID

Once your application form is completed all members in your new self managed super fund will receive an email within 24 hrs detailing how to set up your Director ID. This is an easy process all done via your MyGovID account and if assistance is required we are here to help.

Step 3 - ATO Approval & Establishment docs

All SMSF applicants must wait for the ATO (Australian Tax Office) to approve their SMSF application (generally 2-4 weeks) Once approved all members will receive their establishment documents via an email from New Venture Wealth for signature.

Step 4 - Open a new SMSF bank account

Once approved by the ATO a self managed super fund requires a new SMSF bank account to be set up. This account must be used for all your SMSF investments as the bank account will be linked to your SMSF investment trading accounts. Please contact your preferred bank to understand their requirements for setting up your SMSF bank account (Banks generally require 100 points of ID, a signed and printed copy of the trust deed document to open your account).

Step 5 - Complete new SMSF Admin

We will assist you with all the administration to get your fund established.

- Application of Electronic Services Address (ESA)

- Superannuation rollover (We process the funds to be sent from your employer super fund to your new SMSF bank account)

- We have preferred share trading, crypto exchange partners as well as mortgage brokers. We'll assist you with the ‘set up’ of your crypto or share trading account

Step 6 - You're ready to go!

Congratulations you are now in control of your superannuation and new SMSF.

Book a Free Consultation

We provide a FREE 30 minute online SMSF consultation to help you discover how to set up a self managed super fund. 

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