Self-Managed Super Fund Setup Checklist

This document is a checklist guide for setting up a Self-Managed Super Fund (SMSF). It outlines essential steps and considerations to ensure compliance and proper management of the fund. The guide begins by emphasizing the importance of understanding the roles and responsibilities of an SMSF trustee and suggests consulting a licensed financial adviser if needed. Key steps include choosing the SMSF structure, appointing trustees, creating a trust deed, checking residency rules, holding assets, registering the SMSF, setting up a bank account, obtaining an Electronic Service Address (ESA), creating an investment strategy, planning for the future, and preparing an exit plan. Each step is detailed with specific actions required, such as confirming trustee eligibility, drafting necessary documents, and ensuring compliance with regulations. The document also includes a disclaimer regarding the general nature of the information provided and advises seeking independent professional advice.