Buy ASX shares
& ETFs with your super

An SMSF needs its own bank account. We support access to Macquarie’s Cash Management Account (CMA) for the following reasons:

• No account-keeping fees or transaction fees;
• Fast and 100% online account set-up;
• Data feeds and read-only accountant access;
• Great mobile bank app and Australian-based customer service;
• Accepted by all industry and retail super funds for electronic transfer via SuperStream;
• Government Guaranteed up to $250,000.
• Fast inward and outward transfers;

Keeping your SMSF money separate from your personal money is essential when you have an SMSF. Using Macquarie helps ensure no costly mistakes.

It is important to note that it is not compulsory to use the Macquarie CMA to use the services of Grow SMSF. We will only provide you with information on the Macquarie CMA and assist you with the administrative aspects of setting up the account based on your instruction. Please refer to our Advice Disclaimer for further information.

No. Grow SMSF is completely independent. We do not receive any commissions, referral fees or any other compensation from any broker. Grow SMSF offers a discounted solution to make a self-managed super fund more accessible for self-directed investors. You do not have to use our preferred brokers to use the services of Grow SMSF. Refer to our Advice Disclaimer for more information.

There are a number of differences if you were to compare Grow SMSF to many of the low-cost online-only service providers available.  We recommend anyone comparing SMSF service providers look at the following as part of their research:

1. Service: We provide personalised phone and email support.  You are not forced to make all communication via an online portal. Our phone number (1300 651 263) is readily available during business hours (AEST). Check to see whether other providers have a phone number you can call to speak to a human.
2. Transparency: Grow SMSF does not receive any commission or referral fees from any of the solution providers we work. Some other SMSF service providers receive commissions which increase the ongoing costs of using their preferred suppliers.  Check the Product Disclosure Statement (PDS) of those providers to see how much they receive in commissions.
3. Work Required from you: Some providers are not ‘full service’ SMSF administration providers – they could better be described as an online accounting system with an SMSF audit and lodgement function attached.  Grow SMSF does not require you to categorise or code any of your SMSF transactions yourself.

The above is not a comprehensive list. Take a look at our blog to find more specific information on comparing Grow SMSF to other service providers.

Yes.

One of the most fundamental principles of a self-managed super fund is separation of assets. A separate brokerage account is needed in the name of the SMSF.

Separation of assets means that assets, accounts and investments of an SMSF must be in the name of the trustee of the fund on behalf of the SMSF and cannot be mixed or intertwined with assets and investments of the members / trustees of the fund. If a trustee fails to keep assets of an SMSF separate the breach of the regulations must be reported to the ATO by the independent auditor of the fund.  The trustee(s) could be personally fined or in extreme cases the ATO may deem the fund non-complying.

Grow receives a data feed of transactions and holding data from our preferred brokers however, it’s currently limited to ASX trading data only.

This means all US trading needs to be manually accounted for, which significantly increases the cost of completing the accounts for the SMSF and will incur an additional fee of $300 per annum.

Our preferred brokers are SelfWealth and Stake for ASX investing.

Features our clients like include:

• Low brokerage fees;
• Security of CHESS sponsorship with your own unique HIN;
• Data feeds into our specialist SMSF accounting software;
• Trade via web browser or mobile app;
• Ability to transfer holdings from existing SMSF brokerage accounts.

While the Macquarie account can act as the ‘cash hub’ for your SMSF, our preferred brokers act as the investment platform.

Transferring funds between Macquarie and your brokerage account is quick and easy.

The combination of Macquarie and our preferred brokers ensures your SMSF is future-proof if you want the option of adding property and other assets in the future.

You do not have to use our preferred brokers or Macquarie to use the services of Grow SMSF. Refer to our Advice Disclaimer for more information.

The set-up fees for a new SMSF are as follows:

• $798 with individual trustees;
• $1395 with a company trustee

Grow SMSF intentionally DOES NOT offer ‘FREE’ SMSF establishment to ensure we provide you with the best possible upfront support and service you deserve. You can set up a new SMSF with Grow here: Set up an SMSF

There is no need to use any 3rd-party tools to separately track your SMSF portfolio. Incorporated into our solution is detailed investment and capital gains tax (CGT) reporting. When you trade details will automatically flow through into our SMSF accounting platform (normally next business day). We track all holdings in your ASX SMSF portfolio and when you sell the system will automatically minimise the capital gains on the sale.

Yes.

Under our popular ASX Flexi package you can add crypto to your SMSF portfolio via one of our preferred crypto exchanges.

No. Grow SMSF does not hold an Australian Financial Services Licence (AFSL) or is not an authorised representative of an AFSL holder. The advice and support we provide to our clients is limited to either taxation or the compliance of your self-managed super fund under the relevant laws and regulations.

Grow SMSF is not a financial adviser. We do not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of investments or superannuation interests.

Any information contained within this website is provided as an information service only and, therefore, does not constitute, and should not be relied upon as, financial product advice. None of the information provided takes into account your personal objectives, financial situation or needs, and you will need to make your own decision about how to proceed.

Alternatively, for financial product advice that takes account of your particular objectives, financial situation or needs, you should consider seeking financial advice from an Australian Financial Services licensee before making a financial decision.

Please refer to our Advice Disclaimer for more information.