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Advice Process > Super Application Preparation > Flashcards

Super Application Preparation Flashcards

1
Q

Do we set up a new fund?

A

Recommended Strategy

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2
Q

Do we retain the existing fund?

A

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3
Q

Is there a rollover? Partial or Full?

A

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4
Q

Is there a beneficiary? Non-binding or binding?

A

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5
Q

Are there contributions? Employer, Salary Sacrifice, Personal?

A

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6
Q

What are the investment options?

A

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7
Q

Is there insurance within the super? What type and how much is the cover? Who is the owner of the insurance and the insurance provider?

A

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8
Q

How much is the agreed advice fees (both initial and ongoing)?

A

Appendix: Costs of our Advice

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9
Q

Forms for new fund

A

New business application

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10
Q

Forms for rollover (new)

A

Full rollover -use ATO Transfer of benefits form (external super)
Partial rollover -use transferring funds partial rollover form

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11
Q

Forms for beneficiary nomination (new)

A

Option 1: included in new business application form

Option 2: Prepare separate forms especially if the nomnation is binding

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12
Q

Forms for contributions (new)

A

Employer: prepare a choice of fund form
personal: direct debit form
salary sacrifice: client will arrange with employer

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13
Q

Forms for investment options (new)

A

new business application

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14
Q

Forms for insurance (new)

A

separate form. insurance checklist

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15
Q

Forms for Advice fees (new)

A

new business application

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16
Q

Forms to retain fund

A

no form needed

17
Q

Forms for partial rollover (existing)

A

use transferring funds partial rollover form and enter amount to be transferred. make sure to retain the minimum balance or the amount stated in the SoA

18
Q

Forms for beneficiary nomination (existing)

A

beneficiary form

19
Q

Forms for contributions (existing)

A

employer: choice of fund
personal: direct debit
salary sacrifice: arrange with employer

20
Q

Forms for investment options (existing)

A

investment switch form

21
Q

Forms for insurance

A

New application/alteration form

22
Q

Forms for advice fees

A

change of advice form

23
Q

Forms for new adviser

A

prepare change of advise letter

Advice Process (9 decks)

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