Hi HC fellows, I am new to SMSF and am applying through ESUPERFUND to establish my SMSF. I created this thread as I believe I will have a series of questions which the helpful experienced member would offer help.
My first question is, do we always need to "elect to be a regulated fund"? The question sounds interesting, as I believe all funds should be regulated to operate. However given it's "elected", it sounds like we can opt out. In that case what can be the consequence?
Secondly, after I establish my SMSF, if I need to add a new member, there will be a new account created within the fund, right? Is this a complicated process?
Lastly, I found ESUPERFUND does not offer a phone contact, which at sometimes can be difficult to ask questions. For existing clients can you comment on your experience regarding this concern?
