At Swyftx, we offer SMSF accounts, which we also refer to as entity accounts. Entity accounts include trusts, companies, and self-managed super funds (SMSFs).
To create an entity account, you must be logged in to your personal account and complete at least Gold level verification (KYC 1), including ID authentication.
This information is specifically for SMSF accounts. Find out how to set up a trust account or company account.
Before you begin
To create a self-managed super fund (SMSF) entity account, you must already have a personal Swyftx account and have completed Gold level verification (KYC 1), including ID verification.
All members of the SMSF must also have personal Swyftx accounts and have completed Gold level verification (KYC 1), including ID authentication. When you add these individuals, we will automatically invite them to Swyftx if they don't already have an accountant.
Individuals will receive an invitation to join the entity once the application is submitted.
As part of your application, we will require the signed and dated SMSF Trust Deed. We do not need the SMSF Trust Deed to be certified. If a company (Pty Ltd) was set up to act as a corporate trustee, we require the Company Extract from ASIC.
How to create an entity account
Web
Step 1: Begin and complete your profile
Log in to your personal Swyftx account.
Select Create entity account in the top menu bar.
Alternatively, select your circled initial in the corner of the top menu bar. Then, under Switch account in the dropdown, select Create entity/SMSF account.
Select I understand, Continue, then Continue to start your application.
Step 2: Complete the Entity application form
If you selected Through a company, trust or SMSF when creating your account, this will appear as Step 3 on your Dashboard.
Under Let’s start with the basics, select Self Managed Super Fund (SMSF), then select Next.
Add all the trustees and members. We will require their first and last names, email addresses, and phone numbers.
If a corporate trustee (Pty Ltd Company) was set up for the SMSF, select Yes and provide the name of the corporate trustee in the required field. Select No if you are individual trustees.
Upload your documents. We require the signed and dated SMSF Trust Deed. We do not need the SMSF Trust Deed to be certified. If a company (Pty Ltd) was set up to act as a corporate trustee, we require the Company Extract from ASIC. It is optional to provide the Rollover Statement.
Once you upload your documents, select Next.
Step 3: What happens next
Our team will review your entity application as soon as possible and let you know if we need more information.
All included individuals will receive an invitation to join the entity and will only have 14 days to join.
You can check the status of your application on your
Dashboard.Finally, you will receive a confirmation email and be able to access your new entity account.
App
Step 1: Begin and complete your profile
Log in to your personal Swyftx account.
Select the three lines in the top left corner and expand the side menu.
Select Create entity account from the app side menu, then select Start application.
If you have not completed your KYC 1 verification (Gold), you’ll be required to do so before continuing.
Step 2: Complete the Entity application form
If you selected Through a company, trust or SMSF when creating your account, this will appear as Step 3 on your Dashboard.
Under Let’s start with the basics, select Self Managed Super Fund (SMSF), then select Next.
Add all the trustees and members. We will require their first and last names, email addresses, and phone numbers.
If a corporate trustee (Pty Ltd Company) was set up for the SMSF, select Yes and provide the name of the corporate trustee in the required field. Select No if you are individual trustees.
Upload your documents. We require the signed and dated SMSF Trust Deed. We do not need the SMSF Trust Deed to be certified. If a company (Pty Ltd) was set up to act as a corporate trustee, we require the Company Extract from ASIC. It is optional to provide the Rollover Statement.
Once you upload your documents, select Next.
Step 3: What happens next
Our team will review your entity application as soon as possible and let you know if we need more information.
All included individuals will receive an invitation to join the entity and will only have 14 days to join.
You can check the status of your application on your
Dashboard.Finally, you will receive a confirmation email and be able to access your new entity account.
Further assistance
If you require additional support during the process, book a consult call with one of our account specialists.
Don't have an SMSF established yet?
We can still assist you! To discuss further, please book a consult with one of our account specialists.
Accessing your entity account
App
Log in to your personal Swyftx account.
Select the three lines
in the top left corner to expand the side menu.Select Switch account from the top of the menu.
Web
Log in to your personal Swyftx account.
Select your circled initial in the top right corner of the dashboard.
Select the account you wish to switch to from the drop-down menu.
Swyftx strongly encourages the addition of two-factor authentication (2FA). 2FA is the most significant upgrade you can make for your account security.
Read more: Set up two-factor authentication