Every SMSF must a functional bank account. It is just one of the many compliance RULES of running a SMSF. A bank accounts purpose is to receive rollovers, contributions, receive income, pay expenses and-at retirement-will eventually pay your pension.
At Redwood, we have found that Macquarie offer a Cash Management Account (CMA) which is second to none. Macquarie SMSF transaction accounts offers market leading functionality and streamlines your day to day administration.
- High Visibility and Control
- Cost Efficiency
- Professional Networking
- Detailed Reporting
- Simple & Secure Online
- SMSF Ready
- Exceptional Service
Furthermore, Macquarie CMA has No Account Keeping Fees!
Macquarie’s online access allows you transact at home (online deposit & withdrawal slips) or if you prefer a friendly face, Macquarie has an affiliation with NAB which allows you to make branch deposits/withdrawals over the counter (at any NAB branch).
For more information please refer to the PDS:
Opening this CMA has never been easier. Redwood can assist with this process once you have decided to set up your SMSF journey. Let us know if you have any questions by contacting the Redwood office.
Please be advised, you are not restricted this product but as we only offer this as a suggestion.