Super Application Preparation Flashcards
Do we set up a new fund?
Recommended Strategy
Do we retain the existing fund?
Recommended Strategy
Is there a rollover? Partial or Full?
Recommended Strategy
Is there a beneficiary? Non-binding or binding?
Recommended Strategy
Are there contributions? Employer, Salary Sacrifice, Personal?
Recommended Strategy
What are the investment options?
Recommended Products
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?
Recommended Products
How much is the agreed advice fees (both initial and ongoing)?
Appendix: Costs of our Advice
Forms for new fund
New business application
Forms for rollover (new)
Full rollover -use ATO Transfer of benefits form (external super)
Partial rollover -use transferring funds partial rollover form
Forms for beneficiary nomination (new)
Option 1: included in new business application form
Option 2: Prepare separate forms especially if the nomnation is binding
Forms for contributions (new)
Employer: prepare a choice of fund form
personal: direct debit form
salary sacrifice: client will arrange with employer
Forms for investment options (new)
new business application
Forms for insurance (new)
separate form. insurance checklist
Forms for Advice fees (new)
new business application
Forms to retain fund
no form needed
Forms for partial rollover (existing)
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
Forms for beneficiary nomination (existing)
beneficiary form
Forms for contributions (existing)
employer: choice of fund
personal: direct debit
salary sacrifice: arrange with employer
Forms for investment options (existing)
investment switch form
Forms for insurance
New application/alteration form
Forms for advice fees
change of advice form
Forms for new adviser
prepare change of advise letter
