Once Heffron has received your application, we will start setting up the fund. You will receive a fund establishment pack by post for you to review and sign. The establishment pack includes all documents needed to establish your SMSF. It comes clearly marked by explaining what you need to do and shows where you need to sign and date. We aim to have the fund establishment pack issued in less than four business days from the time we receive all correct information from you.
After receiving the signed documents, we will conduct a final review of the executed documents to make sure they have been signed, dated and witnessed in all the correct places.
If everything is correct we will register the fund with the ATO on your behalf. The ATO will allocate a tax file number (TFN) and an Australian Business Number (ABN) to your fund. This may take up to 28 days, however, in our experience, it is generally quicker.
You can contact Heffron at any point of this process to check on how the set up is progressing.