Paying a Benefit as a Rollover

Summary of the steps involved, the documents needed and the timing necessary.

  1. Determine a likely date for the payment (allow time for all steps involved).
  2. Advise Supercorp.
  3. Examine fund investments, particularly to ensure there is sufficient cash to pay the benefit.
  4. Contact Supercorp to calculate the benefit payable.
  5. Obtain a compliance letter from the fund to which the benefit is being paid (rolled over).
  6. Have ETP Rollover Statement prepared to report the rollover benefit.
  7. Have trustee minutes prepared.

Note: If the fund is meant to be wound up after the rollover, then please refer to the Fact Sheet on “Winding up a Fund”. There are several other steps to be taken.

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