Once your SMSF has been established and you have insurance in place, you can roll over your existing superannuation balance into your Macquarie CMA.
How to roll over some or all of your superannuation into an SMSF
You should seek professional advice about the appropriateness of your insurance before closing any superannuation fund.
To roll over some or all of your balance, download a rollover form from your existing fund’s website, fill it in and post it, along with a certified copy of your driver’s licence or passport. You can request that your funds either be deposited directly into your Macquarie CMA or you will receive a cheque in the mail, which you can deposit into your Macquarie CMA.
Some people prefer to partially roll over their balance and keep a portion in their current superfund. The main reason for this is to keep their insurance in place rather than taking out a separate policy. You must ensure the balance is adequate enough to cover your insurance premiums.
Direct any employer contributions to your SMSF
The next step is to direct your employer contributions to your SMSF. Your employer may have a form that you need to complete and return. You will need to provide your employer with:
- The SMSF name;
- ABN of the fund (also referred to as a USI or Unique Superannuation Identifier);
- Bank account number and BSB of the fund;
- SuperStream Code: please use Macquarie’s electronic service address, which is: MACQUARIESMSF. This is a free service if your SMSF has a Macquarie CMA Bank Account.
Take Six Park’s risk assessment and set up a Six Park account
Six Park’s proprietary risk assessment collects vital information about your risk appetite, risk capacity and investment horizon.
Based on this information, Six Park will recommend an investment strategy for the funds you are looking to invest with us. You will then be taken through a simple process to set up a Six Park account.
Please note you will need your SMSF trust deed and documents to set up your account.
Implementing your investment strategy
Once your funds have cleared your Macquarie CMA and you have told us how much you want to invest with Six Park, we will establish your diversified portfolio. You may also wish to invest outside of the Six Park platform. Please review the investment strategy before investing.