As a client of GETSMSF, you are allowed to invest in Term Deposit Investments for your Fund. To facilitate the Term Deposit Application Process GETSMSF has established direct arrangements with NAB allowing clients to easily apply for a Term Deposit Investment online.

Application Process
To set up a Term Deposit for your SMSF, click here.

Term Deposit Documentation
On receipt of your Online Term Deposit Application, GETSMSF will email you a Term Deposit Application form for signing. The documentation will need to be reviewed, signed and returned to our office.

Processing Term Deposit Applications
You will receive direct notification by NAB confirming that the establishment of your term deposit.

Accessing Information by GETSMSF
Data for all Term Deposits established directly through GETSMSF is electronically accessible by GETSMSF alleviating you of the responsibility of maintaining these records at the end of the financial year.

Minimum Term Deposit Amount
The Minimum Term Deposit Amount using the GETSMSF Term Deposit Service is $10,000.

Funding your Term Deposit Investment
An authority will be included in the documentation sent to you on applying for a Term Deposit to debit your SMSF Bank Account (or payable by cheque in some instances) to fund the Term Deposit Investment. There is no requirement to transfer monies yourself to fund the selected Term Deposit. This will occur automatically and will be actioned directly by Bank.

Avoid Audit Issues
GETSMSF Term Deposit Service ensures that ALL client Term Deposit Investments are correctly established. This has ensured ATO compliance issues and associated penalties are eliminated and that client Term Deposit Investments are compliant with Super Regulations.