An SMSF service is a product offered by some companies and financial institutions to assist people who are looking to start their own SMSF. These services can differ between companies, but they usually offer support with establishing your SMSF and trustee structure and help with opening dedicated bank accounts and trading accounts in your fund's name. Some SMSF services also provide ongoing admin and reporting support to help your fund meet its tax obligations.

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However, Prior to your SMSF establishment, I recommend you consider whether you would prefer to work with an SMSF Administrator or your Accountant.

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Most Accountants offer your traditional year-end style tax service where you are very much reliant on tracking contribution and pension figures manually yourself during the financial year. A good SMSF Administrator will provide you with online access to reports that give you this information daily (making it far easier for you to monitor)