To transfer managed funds from an SMSF into Wrap Super or Pension 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.
2. For rollovers in of managed fund/s from an SMSF with direct holdings with the fund manager, you’ll also need:
- Original Australian Standard Transfer Form for same asset to be transferred and completed with the following:
- Asset name, APIR code and number of units to be transferred
- Seller: name of the account held with the fund manager, and signed by the directors/trustees
- Investor ID/Number of the client’s holding in the asset, written under the Seller’s name
- Buyer: Bond Street Custodians Ltd (include client’s account number), and signature section left blank for us to complete.
- The consideration value
- Signed and dated Rollover Benefits Statement for the total value of all assets being rolled over into the Super/Pension account, as per the rollover values chosen for the transfer. This can be signed by the client or an authorised person (e.g. adviser, accountant etc).
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.
