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#1 2015-11-25 19:17:04

bellpepper
New Member
From: Cairns FNQ
Registered: 2015-11-18
Posts: 8
Trades :   

Cheapest way to start and manage a SMSF buying gold and silver

any help would be appreciated...

I am happy doing the legwork, I just don't want to pay for other people to manage my super.

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#2 2015-11-25 20:54:38

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,528

Re: Cheapest way to start and manage a SMSF buying gold and silver

Go to http://esuperfund.com.au/
Fill in the form.
They send you huge bunch of paperwork to sign to set up your SMSF, brank account, and online metals trading account with https://www.bullioncapital.com/
Sign it and send back.
A few weeks later you have all your accounts, a SMSF company and ABN, and you can start trading metal with your own super money.
Once a year you fill out an automated online form for your tax return and that's about it.
Super easy unless you do something complicated like borrow to buy property.

Last edited by SilverDJ (2015-11-25 20:55:34)

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#3 2016-01-14 06:58:46

Dindor
Member
From: Melbourne
Registered: 2016-01-08
Posts: 20
Trades :   

Re: Cheapest way to start and manage a SMSF buying gold and silver

can it be done through setting up a company and if so how much would that cost

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#4 2016-01-14 07:12:46

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,528

Re: Cheapest way to start and manage a SMSF buying gold and silver

Dindor wrote:

can it be done through setting up a company and if so how much would that cost

SMSF's must be operated by a company.
In eSuperfund for example, they will automatically register a company for you.

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#5 2016-01-14 07:23:46

whinfell
Silver Stacker
From: Australia
Registered: 2012-03-22
Posts: 3,325
Trades :   45 

Re: Cheapest way to start and manage a SMSF buying gold and silver

Not correct - SMSF's can be operated by individual trustees, or by a corporate trustee.

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#6 2016-01-14 08:32:15

GoldenEye
Silver Stacker
From: Melbourne, Australia
Registered: 2014-12-30
Posts: 588
Trades :   33 

Re: Cheapest way to start and manage a SMSF buying gold and silver

Dindor wrote:

can it be done through setting up a company and if so how much would that cost

It can be done with the trustee as a company or individual/s. A company will cost more, but you should see your accountant about the cost and advantages.

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#7 2016-09-20 17:33:31

aussiewebking
Silver Stacker
From: Australia
Registered: 2016-07-30
Posts: 56
Trades :   

Re: Cheapest way to start and manage a SMSF buying gold and silver

just a heads up for everyone

http://esuperfund.com.au/

is doing free setup and the first year free accounts for all new SMSF until Sep 30th smile

how good is that smile

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