We recommend setting up a corporate trustee for these reasons:
Here’s what the ATO say.
Once you have decided on a trustee structure you need to:
Check the ATO website for more info
As trustees or directors you’ll remain responsible for ongoing management of your fund including any compliance obligations.
Setting up an SMSF and creating an investment strategy can seem complex. Our experienced SMSF accredited advisers can help you through the process.
A critical step for you and the trustees is to develop your investment strategy before you start investing.
Consider your strategy - base it on fund objectives and members’ circumstances including risk profiles and life stages. Your strategy may change during the accumulation and retirement phase.
It's important to review your investment strategy regularly including taking into consideration any change in member circumstances.
There are a range of risks with holding a narrow portfolio. Diversification can help reduce portfolio exposure to market downturns.
Knowledge is key to growing your SMSF.
Visit our one place for guidance and investments with specialist support.
This information is prepared by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (Commonwealth Bank). Registered office: Ground Floor, Tower 1, 201 Sussex Street, Sydney, NSW 2000. For terms and conditions of the products mentioned, please visit any of our branches, or call us on 1800 138 363, Monday to Friday, 8.30am to 5.30pm AEST.
This information isn’t advice and has been prepared without taking account of your personal needs, financial and taxation situation or objectives. Before acting on the information you should consider whether the information is appropriate for you.
Commonwealth Direct Investment Account (CDIA) is a product of the Commonwealth Bank. See the Commonwealth Bank Financial Services Guide (FSG) and the Transactions Savings and Investment Account – Terms and Conditions available from Commbank.com.au for fees and charges. CDIA is marketed and administered by CommSec.