Self Managed Super Funds
Diversify your investments with CommBank's Self Managed Super Fund (SMSF) solutions.
Self Managed Super Funds
Diversify your investments with CommBank's Self Managed Super Fund (SMSF) solutions.
Opening a CommSec account for your SMSF makes it easier to diversify your investments across Australian shares, international shares and Exchange Traded Funds (ETFs).
Whether you want to make all of your own investment decisions, or you’d like professional advice from CommSec Advisory, we have all the resources and support you need.
When you link your CommSec Trading Account to a CommBank SMSF cash account (Commonwealth Direct Investment Account), you’ll enjoy low brokerage costs and the convenience of settling trades without the need to transfer between accounts. Plus, you'll pay no monthly account-keeping fee, have unlimited electronic withdrawal2 and have the option to direct your dividend payments to your CDIA.
With full integration to NetBank's SMSF Portfolio view, a CommSec account can give you the visibility and control you want from self-managed super.
The Australian share market has offered better long-term returns than most other investments1, providing important growth and diversification benefits to SMSF owners.
With CommSec, you can buy and sell Australian shares for your SMSF as simply and easily as executing trades personally, using your SMSF’s cash account to settle the trades.
Investing in international shares adds another layer of diversification to your SMSF, allowing you to access growth opportunities beyond the Australian market.
With a CommSec International Trading Account, you can trade on over 25 leading global share markets, including the New York Stock Exchange and the London Stock Exchange.
Exchange Traded Funds (ETFs)
ETFs combine the investment advantages of a managed fund with the ease and cost-effectiveness of share trading, helping you achieve low-cost, efficient diversification.
Your CommSec account gives you access to ETFs across all major asset classes. That includes some asset classes you might not otherwise have access to, such as debt, derivatives, currency and commodities.
The SMSF Commonwealth Direct Investment Account (CDIA)3 works seamlessly with your CommSec Trading Account, offering great value and simplifying your investing experience.
All your funds in one place
With seamless integration between NetBank and CommSec, you can easily manage your SMSF cash and investments.
Enjoy low brokerage
Settle your share trades directly through your SMSF CDIA and benefit from brokerage as low as $19.95 per trade4 when trading through CommSec.
Competitive interest, no account or withdrawal fees
Earn 1.50%5p.a. on balances over $10,000 and enjoy no monthly account or withdrawal fees. (Access fees may apply6).
If you have an existing CommSec SMSF trading account and would like to add an SMSF CDIA, simply log in and select “Add a Commonwealth Direct Investment Account (CDIA) from the Portfolio > Offers and Apply > Applications page.
One Off Advice
If you have $50,000 or more to invest, our One Off Advice service can help you construct or review your SMSF portfolio for a fixed one-off fee.
Our professional investment advisers can help you create a portfolio that aligns with your SMSF’s investment strategy, using research and insights from market leading sources.
Full service stockbroking
If you’re looking for ongoing support to help you optimise your SMSF’s investments, CommSec Advisory offers full service stockbroking and investment advice.
With high levels of individual client contact and expert advice, this service is best suited to time-poor investors with cash reserves of $300,000 or whose share portfolio has a current market value of $400,000 or more.
SMSF Portfolio view7
SMSF Portfolio view in NetBank categorises your accounts into groups such as cash, shares, and property, making it easier to manage your SMSF.
With SMSF Portfolio view you can:
See your CommBank, CommSec and Colonial First State SMSF accounts together with assets and liabilities you hold elsewhere.
Add, update and remove investments held with other financial institutions for a complete snapshot of your SMSF portfolio.
Explore other asset opportunities and access relevant market news, calculators and educational information.
Make the most of your trading opportunities with our cutting edge research platform. Free to CommSec customers, it features an expanded range of research tools and simply displayed information within an easy-to-navigate site.
It's all designed to help you get to what you need faster - so you can make timely, better-informed investment decisions.
Setting up and managing an SMSF can be complex.
That’s why with Commonwealth SMSF set up and administration service, you can set up an SMSF or transfer the administration of your existing SMSF. Furthermore, this service provides tools and support to make managing your SMSF that much easier – leaving you more time to focus on your investments.
CommSec is a part of CommBank's broad range of investment solutions that make it easier to get the most from your SMSF.
If you have any questions about SMSFs, or you need a hand setting one up, CommBank's SMSF specialist team can help.
Call 1800 138 363
Monday to Friday, 8.30am to 5.30pm (Sydney time).
Once you click 'Join now' below, remember to select SMSF as your account type on the next page.
Buy and sell shares using a CommSec Share Trading Account with our cash account (CDIA) - with it you can seamlessly settle trades, transact and earn interest.
Buy and sell shares using a CommSec Share Trading Account with your existing bank account.
Like other super funds, SMSFs invest members' contributions and in turn provide benefits to members at retirement, or death benefits to beneficiaries.
The main difference between SMSFs and other types of superannuation funds is that as an SMSF member you also act as a trustee. The trustee is the manager of the fund, the legal owner of the assets and has the job of making sure the fund is administered correctly.
This means trustees who are also members have a lot more control, but also increased responsibilities over their fund, especially in the area of investing the fund's assets.
An SMSF allows you to control exactly how you invest your superannuation. As a trustee of your fund, you are responsible for investing the fund's assets to provide retirement benefits for the members. Having control of the investment decisions can provide a number of benefits but also things to consider.
While there are a host of benefits in starting up an SMSF, there are also a few things you should consider:
While SMSFs are great for some people, they don't suit everyone. Managing your super takes time, knowledge, skills and money. So before deciding to set up a SMSF it's important to understand what's involved in managing your own fund and what it means to be a trustee.
The penalties for not complying with all the laws and regulations can be severe. These include applying higher taxes on the fund, freezing the assets of the fund and criminal prosecution of the trustees.
It is important to set up your SMSF correctly to ensure it is eligible for tax concessions, can pay benefits and is as easy as possible to administer.
Below are key steps to setting up a SMSF:
For further information on setting up and managing a SMSF please go to the ATO website. With Commonwealth SMSF set up and administration service, you can set up an SMSF and access tools and support to help you manage your compliance obligations.
All businesses must use SuperStream to pay employee superannuation guarantee contributions to super funds. With SuperStream, contributions and data are sent electronically in a standardised format.
Self-managed super fund trustees must also be SuperStream compliant. See our Superstream FAQ.
The advice on this website has been prepared without considering your objectives, financial and taxation situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances and consider seeking professional advice relevant to your individual needs before making a decision based on this information. Please read and consider the applicable Product Disclosure Statement (PDS), Brochures and Financial Services Guide (FSG) for any product or service available from the Issuer. Your representative can provide you with these documents or you may call 13 22 21.
¹ Sourced from Reuters, Real Estate Institute of Australia, CoreLogic and IRESS. Data from: 1991-2016 – to June 30
² Applies to CommSec Trading Account holders and CDIAs opened on or after 1 November 2012. For accounts opened on or before 31 October 2012 different rules apply.
³ The CommBank SMSF cash account, (SMSF Commonwealth Direct Investment Account (CDIA) is a bank account designed for use in conjunction with a Self Managed Super Fund. It is not a superannuation product in its own right. Please view our Financial Services Guide (PDF68KB). Full terms and conditions for CDIA are available here or from any branch of the Commonwealth Bank. Other fees may apply.
4 To be eligible for discount brokerage you are required to trade online, be CHESS sponsored and have your SMSF CDIA linked for settlement.
5 For balances of $10,000 or more the variable interest rate applies to the full balance in the account. Interest calculated daily at a variable rate.
6 Access fees may apply when using networks’ overseas or non CommBank networks’ domestically or any transactions involving currency conversion.
7 Portfolio view accessible via NetBank categorises your accounts into groups such as cash, property, shares, other assets and liabilities. Most CommBank accounts will update automatically when you make any changes in NetBank. You have the opportunity to add assets and liabilities that you hold with other financial institutions however these will not update automatically.
Commonwealth SMSF (the ‘Administration Service’) is a service offered by Commonwealth Securities Limited (‘CommSec’ or ‘we’) ABN 60 067 254 399 AFSL 238814, a member of the Commonwealth Bank Group, to set up and administer or only administer self managed super funds. CommSec has engaged Super IQ Pty Ltd ABN 27 147 105 164 AFSL 406690 to provide the Administration Service.
This information is prepared by Commonwealth Bank of Australia (CBA) ABN 48 123 123 124 AFSL & Australian credit licence 234945. Registered office: Ground Floor, Tower 1, 201 Sussex Street, Sydney, NSW 2000. CommSec share trading and CommSec Advisory are services provided by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec), a Participant of the ASX Group and Chi-X Australia. CommSec is a wholly owned, but non-guaranteed, subsidiary of Commonwealth Bank of Australia. CBA and its subsidiaries do not guarantee the obligations or performance of CommSec or the products and services it offers.
While potential SMSF investments have been illustrated within this content they do not represent a comprehensive suite of possible investment products and services within the guidelines pursuant to the SIS Act 1993 with ATO oversight.