Make the most of retirement with SMSF investing on moomoo
What makes moomoo the ideal choice for an SMSF trading account?
Low-cost trades
Cut down costs with competitive, transparent fees for all trades
Global market access
Trade more than 22,000 securities across Australia, the US and HK, all in one app
Simple investing
Set up flexible, automated investing for popular shares & ETFs
Real-time pricing
Up to date, live prices, to enable informed investment decisions
Simple tax reporting
Simplified tax reporting through digital systems, accessible statements, and integrated API partners
What's the likely benefits of an SMSF?
Control and transparency
SMSFs can be an attractive way for investors to take charge of their own superannuation, giving them complete control over their investment portfolio.
Tax benefits
SMSFs complying with relevant laws and regulations are generally taxed at a concessional rate of 15%. For more information related to SMSF investment and taxation, please refer to the ATO's guidelines.
Flexibility
With SMSFs, investors can choose how they diversify their super investments – not easily achieved in a traditional super fund.
More control over retirement planning
SMSFs give investors more control of their portfolio, allowing them to tailor their investments based on their retirement goals.
The ATO monitors SMSF trends closely. View its latest quarterly reports here.
Investors can set up an SMSF themselves, or seek help from a financial professional. Here are typical steps SMSF investors go through with each option.
DIY SMSF Setup Key steps to consider when establishing an SMSF independently. | Engaging an SMSF Administrator (Services May Vary) Below is a reference guide outlining the typical steps that an SMSF firm might manage. |
Understand the legal and compliance requirements of an SMSF | The SMSF administrator will ensure clients meet legal and regulatory requirements for establishing an SMSF. They will then draft a tailored trust deed, establish trustees (individual or corporate, including ASIC registration if needed), and apply for an ABN and TFN. The provider will assist in opening an SMSF bank account, register the fund with the ATO, and guide the creation of a compliant investment strategy. Additionally, they will facilitate superannuation rollovers, ensure all registrations and reporting obligations are met, and provide ongoing resources to help clients manage their SMSF and maintain compliance. |
Create the trust and trust deed | |
Choose individual trustees or a corporate trustee | |
Register the fund and get an ABN | |
Set up a dedicated SMSF bank account | |
Check that your fund is an Australian super fund as per fund residency conditions | |
Create an investment strategy which complies with the relevant ATO rules | |
Prepare and complete a rollover from an existing superfund | |
Ensure the SMSF has a registered SMSF auditor to audit the fund annually | |
Commit to the ongoing compliance and administration requirements |
See how they compare
Name | SMSFAI | Intello | Superannuation Warehouse | Just Superfund |
Administration Fee (Annual) | $1,550 | $2,580 | $1,200 | $1,299 |
New SMSF Establishment Service Fee (One Off) | Individual Trustee: $350 Corporate Trustee: $1,150 | Individual Trustee: $350 Corporate Trustee: $1,150 | Individual Trustee: $450 Corporate Trustee: $1,400 | Individual Trustee: $0 *Conditions apply Corporate Trustee: $799 |
Financial Advice Services | × | √ | × | × |
Audit Services | √ | √ | √ | √ |
Investment Strategy Services | √ | √ | × | × |
Dedicated Client Service Manager | √ | √ | × | × |
Existing SMSF Transfer | √ | √ | √ | √ |
Do they offer more SMSF services? | √ | √ | √ | √ |
SMSF setup | Sign up now to unlock expert support | Use referral code 'Moomoo' to unlock expert support | Use referral code 'Moomoo' to unlock expert support | Use referral code 'Moomoo' to unlock expert support |
Disclosure: Moomoo AU may receive fees from the above third-party SMSF administrators for referrals that result in the purchase of their services. Moomoo AU does not provide any advice or recommendations with regard to the providers' services or the suitability of establishing an SMSF in general. Please seek professional advice from a qualified financial adviser and/or accountant where necessary. | ||||
Highlights of each SMSF administrator
SMSFAI
SMSFai is a cutting-edge SMSF administration firm that leverages artificial intelligence to streamline and simplify the management of Self-Managed Super Funds.
With a focus on efficiency, compliance, and real-time data, SMSFai provides trustees with the tools and insights they need to manage their funds confidently, while reducing the administrative burden often associated with SMSFs. By combining advanced technology with expert support, SMSFai enables clients to stay in control of their superannuation with greater transparency, flexibility, and cost- effectiveness.
Intello
Intello Pty Ltd is a leading SMSF specialist in Australia, recognised for its award-winning expertise, innovative technology, and strong industry partnerships. With over a decade of experience managing more than 2,500 funds nationwide, Intello simplifies SMSF administration through its exclusive client portal, offering secure, real-time access to fund data.
Powered by Class Super software, Intello delivers advanced compliance tools, performance insights, and seamless setup or transfer processes, ensuring a hassle-free and efficient SMSF management experience at competitive pricing.
Superannuation Warehouse
Superannuation Warehouse is a specialist provider in the self-managed superannuation fund (SMSF) sector. The firm offers a wide range of SMSF services, including fund establishment under trustee instructions, as well as comprehensive accounting, tax, and auditing services. They also assist with fund wind-ups when required.
Superannuation Warehouse ensures compliance with all regulatory requirements for SMSFs. The firm is backed by comprehensive Professional Indemnity Insurance, with coverage up to $4 million, provided by Chubb through BJS Insurance Brokers in Melbourne (Policy number: MPI0030481).
Known for its commitment to professional excellence, Superannuation Warehouse is dedicated to delivering high-quality services to its clients.
Just Superfund
Just Superfund offers professional services for Self-Managed Super Funds (SMSFs) across Australia, providing a low annual fee with no minimum or maximum balance requirements. They handle all annual compliance obligations, including financial and investment reports, member statements, trustee resolutions, audits, and tax returns.
Their team comprises qualified accountants specializing in SMSFs, ensuring adherence to legislative requirements and delivering quality assurance. Clients benefit from free learning resources and a guaranteed 10-day turnaround for annual reporting, given all necessary information is provided.
Frequently asked questions about SMSF
1. What is an SMSF?
A self-managed super fund (SMSF) is a private superannuation fund managed by an individual or a group of trustees (up to six) for retirement. SMSFs provide greater control and flexibility over investment choices compared to retail or industry funds.
2. How is an SMSF set up?
Setting up an SMSF involves choosing a structure (individual or corporate trustees), creating a trust deed, and registering with the ATO. Moomoo does not directly offer SMSF setup services. Instead we partner with trusted SMSF administrators who can help with the process. Investors select the service provider that best meets their requirements and budget.
3. Is moomoo safe?
Moomoo is a regulated (AFSL no. 224663) and CHESS-sponsored broker in Australia. Globally, the parent company is listed on Nasdaq (NASDAQ: FUTU) and is trusted by more than 24 million users.
4. How to open an SMSF account with moomoo?
First, an SMSF must be set up with an administrator. Then an SMSF share-trading account can be opened with moomoo by following the application process on the moomoo platform (you'll need to supply the required SMSF documentation).
5. How much does it cost to open an SMSF trading account with moomoo?
There is no additional costs for opening an account. We have trading fees, so to know moomoo's fees and charges please refer to the 'Pricing' page of our website.
6. How long does it take to set up an SMSF? And how long does it take to open an SMSF account on moomoo?
Setting up an SMSF can typically take one to two months, depending on the chosen SMSF administrator and the complexity of your setup.
Opening an SMSF share-trading account with moomoo usually takes 5-15 business days once all required documentation is submitted.
7. What is the minimum investment to set up an SMSF?
While there's no legal minimum, setting up an SMSF comes with responsibilities, so trustees should be confident in their ability to meet them. Before making a decision, investors must learn about SMSF risks and responsibilities.
8. Is it possible for SMSFs to invest in domestic and overseas stocks and ETFs on moomoo? What are the brokerage fees?
Yes, SMSFs can invest in Australian, US and Hong Kong stocks and ETFs using the moomoo platform. Moomoo offers competitive trading fees for domestic and overseas markets.
Brokerage for the US market starts from US$0.99 per trade and ASX trades start from A$3. Please visit moomoo's official pricing page for detailed information.
9. Can SMSFs be transferred from another broker to moomoo?
Yes, SMSF portfolio can be transferred from other brokers to moomoo. Contact our customer support team for detailed instructions.
10. How much can be contributed to an SMSF each year?
Generally, the annual contribution limits are $27,500 for concessional contributions and $110,000 for non-concessional contributions (as of 2024). These caps may vary, so always check the latest regulations.
