Your Questions, Answered.
Clarity and confidence start here.

Whether you’re setting up or running an SMSF, clear answers are key. Below, we’ve compiled frequently asked questions about setup, rollovers, property, and ongoing management so you can take charge of your SMSF journey.
Getting Started: SMSF Setup Essentials
Why do I need $250K to set up an SMSF?
It’s our firm policy to establish SMSFs with a minimum balance of $250,000. This reflects industry requirements and ensures the benefits outweigh the costs of managing your fund.
What does the SMSF setup fee include?
Our setup fee covers legal costs, trustee company setup, and associated ASIC fees. For additional services such as rollovers, discuss with our team.
Why do I need a corporate trustee?
A corporate trustee offers greater liability protection, simplifies member changes, and is required by lenders when purchasing property.
What is an ESA, and why do I need one?
An Electronic Service Address (ESA) is used to receive SuperStream data like employer contributions and rollovers. Once set up, it runs seamlessly.
How long does SMSF setup take?
On average, setup takes 6–8 weeks, depending on information and third-party approvals.
Moving Funds & Managing Contributions
Who will process the rollover of my funds?
You will process the rollover, but we’ll prepare the necessary forms for you to complete and send to your current super fund.
Is there anything to consider before rolling over my super?
Yes, ensure you check any insurance policies tied to your existing super. You may need to leave a balance to keep them active.
Can I transfer my insurance policies to my new SMSF?
This depends on your provider. Speak with a financial advisor to explore options.
Can I keep my insurance policies on my current super fund?
Yes, you can maintain your insurance policies by leaving enough funds in your current super to pay the premiums.
How do I direct my Super Guarantee (SG) contributions to my SMSF?
Use the ATO form to notify your employer and provide your SMSF details.
Investing Through Your SMSF
How can I buy property under my SMSF?
Speak with a broker to assess borrowing power. Once a property is identified, we can help set up the Bare Trust and Trustee Company required for the purchase.
How do I set up investments in my SMSF? Can Hatcher help?
You or your financial advisor will handle SMSF investments. While we can’t provide financial advice, we’re here to guide you through the setup process.
Managing Your SMSF With Confidence
How are balances tracked within an SMSF?
Each member’s balance is tracked separately, with earnings prorated based on balances.
What fees can be reimbursed to my SMSF?
Do I need to keep cash in my SMSF bank account?
Yes. Maintain a minimum of $5,000 annually to cover fees (accounting, audit, ASIC, and ATO)
What are the tax savings with an SMSF?
SMSF earnings are taxed at 15% in the accumulation phase and 0% in the pension phase.
What is the difference between BDBN and Wills?
A Binding Death Benefit Nomination (BDBN) ensures your SMSF benefits go to specific beneficiaries. Wills do not cover SMSF benefits unless directed to your estate.
Who can be beneficiaries on my BDBN?
Beneficiaries include legal representatives and dependents such as a spouse, children, or those in interdependent relationships.
Why do I need to pay the costs from my SMSF bank?
Why am I receiving PAYG instalment payables from the ATO?
Still Have Questions? Let’s Talk.
If your question isn’t answered here, reach out to our team. Whether it’s a quick query or a deeper dive, we’re here to help you navigate the details.