Transferring in equities or managed funds from an external platform or custodian as a rollover

To transfer equities or managed funds into Wrap Super or Pension from an SMSF as a rollover, you need to provide:

1. Superannuation Asset Transfer form completed with the following:

• Account name and number of the Super/Pension account
• Rollover box ticked with rollover date provided
• Form signed by the owner of the Wrap account.

For existing Pension accounts, please also submit a Pension Update Request signed by your client. 

2. For rollovers in of equities or managed funds from an external platform or custodian, you’ll also need: 

• A copy of the signed transfer instruction that was sent to the external platform/custodian to initiate the transfer.
• The external platform to generate:
  • the Rollover Benefit Statement (RBS) for all superannuation and pension assets transferred via rollover, and
  • additional Australian Standard Transfer Forms (ASTFs) required to transfer the managed funds, which will be sent to us to sign and used to facilitate the transfer with the fund managers.
     

Before you submit the request

• The assets must be available on the applicable Investment Menu to be held on platform.
• All transfers into fund superannuation accounts will occur as a change of beneficial ownership (CBO) transfer and will trigger a CGT event. This is because the beneficial owner of the account is the superannuation plan, not the member.
• For Pension accounts, please ensure you don’t exceed the transfer balance cap. Pension starting values are calculated after all assets, rollovers and/or contributions are received, and may differ to the initial transfer value due to market movement.
• For transfers of managed funds that are held with an external platform/custodian, please contact the platform/custodian and provide them with any documents/information required to initiate the transfer on their end.
• For custodians, we need a request signed by the client (e.g. Closure Letter)
• For assets coming from a company account or an account with a corporate trustee:
  • Any forms must be signed by the correct individuals, as per the following guidelines:
    • Two Directors, or
    • A Director and Company Secretary, or
    • The Sole Company Director and Sole Company Secretary.