Self-Managed Super Funds

You’ll need the ABN of the SMSF, SMSF trust deed, email addresses of all members, and ensure that your SMSF is registered with the Australian Taxation Office. Each member will need to be identified using an Australian driver’s licence, Australian passport and/or Medicare Card.

Let’s steal a line from the Australian Government’s website. ‘A trust deed is a legal document that sets out the rules for how a self-managed super fund (SMSF) will operate.’

You can learn all about trust deeds here.

Our Business+ accounts allow for transactions to be initiated by any of the members. You can use payment approvals to make sure that transactions such as BPay, Osko, and PayAnyone transfers need approval from the account owner. This control doesn’t apply to card transactions, direct debit or PayTo arrangements.

If you need payment approvals for all transaction types, this account isn’t the one for you.

Yes. All members can have a debit card for on the Business+ Account.

One of the members can apply for Business+ on behalf of all members for the SMSF. We’ll send an email to invite all members to login and verify their identity. It’s easy and can be done from anywhere so members don’t need to be in the same place at the same time.

Once you’ve applied for Business+, all the SMSF members have had their identities verified, and you’ve opened your Business+ Account, you can open a Business+ Saver or Business+ Term Deposit in minutes using the Business+ app or Business+ online. These accounts offer great interest rates and healthy returns for your SMSF.