Rolling over your super benefits to your SMSF is fairly straight forward. You can organise this immediately after you have singed all the SMSF setup documents.
The following steps can help you to make your rollover process smoother.
1. You can call/email your current retail or industry super fund to request a rollover statement. The benefits of doing this is that they have input their super fund details in the form therefore you are only required to provide your SMSF details.
If you do not want to use your super fund’s rollover forms, you can always use ATO prescribed forms as below for full balance rollover:
Partial rollover can be a good idea if you want to keep your insurance policies before you obtain them in your SMSF.
For partial rollover, you can call your existing super fund and they will email or send you the form.
2. What SMSF information you should input in your rollover form?
SMSF name: it is the name of your SMSF, you do not need to include the trustee name.
ABN: we will provide ABN to you in the setup documents package
Fund phone number: please use our office number 03 9557 4079
Membership number: For first member, please write 501, for second member 502, third member 503 and fourth
Unique Superannuation identifier (USI): Please write N/A (not applicable).
3. You need to sign the rollover form and provide the ID requirements to your super fund.
After receiving your rollover forms, your industry or retail fund will send a cheque to your SMSF’s postal address (normally on
Superfund lookup website). This process may take 2-4 weeks.