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How to Setup a SMSF yourself

Obtain the documents including but not limited to those shown at Documents you receive when setting up our own super fund. We do not recommend you setup your own self managed superannuation fund as if it is done incorrectly then you could have a non qualifying fund which may render you subject to a 46.5% penalty. While this is the most extreme penalty you would receive, it is not worth the risk to setup the fund yourself. here’s what the ATO has to say <ATO-Link>.

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