Self Managed Super Funds

Diversify your investments with CommBank's Self Managed Super Fund (SMSF) solutions.

 

 

Overview

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.

Investments

Australian shares

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.

International shares

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)

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.

Cash Management

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 $10.00 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).

Explore more CDIA rates and fees

Ready to open an SMSF trading account and cash account?

Advice

One-Off Advice

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.

Learn More >

Full service stockbroking

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.

Learn 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.

Research Tools

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.

Learn More >

SMSF setup and administration

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.

Learn more >

CommBank SMSF solutions

CommSec is a part of CommBank's broad range of investment solutions that make it easier to get the most from your SMSF.

  • Portfolio - Get a single view of shares, cash and property to build your investment strategy.
  • Products - Access a range of products to help you manage and invest your retirement savings.
  • Services - Learn how to set up and run your SMSF, get industry news and financial advice.
  • Support - Get the product support you need from our trained SMSF specialist team.

Visit CommBank to find out more >

SMSF specialist team

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).

Get started

Open a CommSec Share Trading Account

Once you click 'Join now' below, remember to select SMSF as your account type on the next page.

Trade from $10.00

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.

Trade from $29.95

Buy and sell shares using a CommSec Share Trading Account with your existing bank account.

Frequently asked questions

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.

Benefits

  • Increased control over investment decisions
  • Wider investment choices
  • More estate planning options
  • Ability to tailor investment strategy specific to your individual needs
  • Invest to maximise tax efficiencies and cost savings
  • The ability to pool your resources with your spouse’s superannuation benefits to help reduce costs or acquire high-cost investments
  • Pay retirement income streams tailored to your needs
  • Gear your superannuation savings by implementing a limited recourse borrowing arrangement.

Considerations

While there are a host of benefits in starting up an SMSF, there are also a few things you should consider:

  • High degree of trustee responsibility
  • Complex rules and regulations
  • Significant compliance requirements
  • SMSF trustees have fewer avenues of recourse in the event of fraud and theft compared with trustees of the Australian Prudential Regulation Authority (APRA) regulated funds.

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.

Ask yourself:

  • Are you setting up the fund solely to pay retirement benefits to members?
  • Do you have the time, knowledge and skill to manage your own super?
  • Do you have the assets and money to make the fund viable?
  • How would the costs of running your own SMSF compare with other options like retail or industry superannuation funds?
  • If you lose benefits such as insurance when you withdraw from your existing super fund(s), have you considered a replacement insurance policy?

There’s no hard rule on the amount of super needed to set up an SMSF. As a general guide Australian Securities & Investments Commission (ASIC) suggests a fund with a balance of more than $200,000 may be cost-effective, but the more you choose to outsource, the more the cost of these services can dilute your returns.

Another consideration is diversification. Ideally you want to be able to spread your risk by accessing a wide range of investments. For SMSFs with a smaller balance it may be more difficult to spread risk in this way.

We recommend you speak to a financial adviser or an accountant with SMSF expertise about your specific needs and to assess the benefits and consideration of setting up an SMSF.

For more information on SMSF, please visit the ATO website.

An SMSF involves both set up and annual running costs, which includes any investment-related expenses in addition to accounting, legal and tax advice, the cost of having your fund audited each year and an Australian Taxation Office supervisory levy.

For further information visit the ATO website. 

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:

  • Appoint professionals to help you set up and run your fund
  • Decide which trust structure to use for your fund
  • Make sure all the members are eligible to be trustees
  • Check the residency of your fund
  • Create your trust and trust deed
  • Appoint your trustees
  • Record each member’s tax file number
  • Open a bank account for your funds
  • Register the fund with the Australian Taxation Office (ATO)
  • Prepare your fund investment strategy

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.

Important Information

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, you must trade online, be CHESS Participant Sponsored with CommSec and settle your trades through either a Commonwealth Direct Investment Account (CDIA) or a CommSec Margin Loan.

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.

 

Disclaimer

This site is directed and available to and for the benefit of Australian residents only. © Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 ("CommSec") is a wholly owned, but non guaranteed, subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 and both entities are incorporated in Australia with limited liability.

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