Self Managed Super Funds

Together with CommBank, we have everything you need to make managing your SMSF easier.

 

 

Investments

Opening a CommSec account for your SMSF makes it easier to diversify your investments. Link your CommSec account to a CommBank SMSF cash account (Commonwealth Direct Investment Account), for lower brokerage and the convenience of settling trades without having to transfer between accounts.

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 0.15%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

Open a Commonwealth Direct Investment Account for CommSec

You will need a CommSec Share Trading Account in order to set up this linked cash account.

Already have a CommSec Share Trading Account?

Opening a Commonwealth Direct Investment Account couldn’t be easier. Login to CommSec below and follow the prompts to add a CDIA to your list of accounts.

Don't have a CommSec Share Trading Account?

Open a CommSec Share Trading Account and a Commonwealth Direct Investment Account together to settle your trades directly and enjoy low brokerage.

SMSF Portfolio view7

You can see your SMSF investments in one place in NetBank Portfolio View - and access CommSec for share trading without having to log on again. And with the CommBank app you can bank on the go anywhere, anytime.

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 Trading Trends

Our twice-yearly SMSF Trading Trends Report lets you see how other SMSFs are trading.

Get the insights >

CommBank SMSF solutions

SMSF specialist team

If you have any questions about SMSFs, CommBank's SMSF specialist team can help.


Contact us
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.

Explore

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.

Explore

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.

Find out more

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

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.

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 is provided by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec), a market participant of ASX and Chi-X Australia, clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. 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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