Convert Existing Pension to Account Based Pension

Convert Existing Pension to Account Based Pension - Cost $275

By using our system you can create legal documents to convert existing allocated pension to commence paying pension member:

• Account Based Pensions
• Transition to Retirement - Account Based Pension

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• Your self managed super fund “trust deed” allows trustees to pay the new account based pensions; If your trust deed does not allow trustees to pay account based pensions, then you can update your trust deed with our trust deed. Please Click here for more information on how to update your self managed super fund trust deed.
• The member applying for pension is eligible to draw a pension from self managed super fund;
• You are aware of pros and cons of changing from drawing an Allocated Pension to an Account Based Pension from your self managed super fund;
• You have obtained your legal, accounting and financial advice on Account Based Pension.

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Our Package Includes

By using our system you can create pension converting documents for a member in your SMSF, which we will email to you, instantly, our documents include:-

• Application to convert existing Allocated Pension to Account Based Pension from retired member to trustees
• Letter from trustee to retiring member accepting application to convert existing allocated pension to Account Based Pension
• Product Disclosure Statement on Account Based Pension from trustee to retired member
• Letter from member to trustee confirming minimum account based pension payments
• Schedule of Account Based Pension payments which the retired member can withdraw
• Minutes of meeting of trustees approving conversion to account based pension
• Account Based Pension agreement between the retired member and trustees outlining all pension conditions
• Instruction sheet on what to do next.

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• Our unique electronic registration technology means we can offer the fastest service possible at a very reasonable price
• Our pension conversion documents are complete. All you have to do is follow the steps outlined in the instruction sheet which come with the pension documents.
• Our Account Based Pension documents are flexible, you can choose
  • Account Based Pension paid as transition to retirement pension;
  • Date when you can convert to account based pension and how often the pension can be paid;
  • Convert part or full balance of allocated pension account into account based pension. (By converting a part of allocated pension to an account based pension you can choose the remaining part to be converted to accumulation account if your trust deed allows it. If your trust deed does not allow trustees to revert back to accumulation account, then you can update your trust deed with our trust deed. Please Click here for more information on how to update your self managed super fund trust deed).
  • Nominate a dependant reversionary beneficiary to receive pension after the pensioners death;

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• Our Pension conversion documents are written by Batallion Legal - providers of the most technically robust Self Managed Super Fund Trust deeds - a niche, multicultural, corporate and commercial law firm, with specialist expertise in tax and superannuation.
• Our pension conversion documents are written in plain English and are easy and simple to read.
• The process to convert existing allocated Pension, takes less than 20 minutes, once created your documents are stored on our web site for future downloads from anywhere 24/7.
• All pension conversion document’s, are personalized with answers from you to our online cleverly designed easy questions. All questions come with clues to answers and explanations.
• Explanations to questions and clues to answers to our structured questions are written by qualified CPA, registered tax agent & SMSF Specialist Advisor® SSA with over two decades of setting up tax structures for clients.
• At completion, we instantly email you all your tailored new pension documents at any time of day, any day 24/7.

To purchase anything from our website you have to register with us - registration is free Click here to register

We charge $75 (Incl. GST) to professionally print and express courier (anywhere in Australia) new pension documents to your nominated address.

The package includes

• Deluxe Pension Register
• Two bound copies of Pension Conversion Documents
• Related minutes & documents filed in register
• Instruction sheet on exactly to what to do next

All documents will be ready to sign.

All pension and related documents will also be emailed to you and stored on our website as usual.

Before we print documents for you, we get you to confirm that all details are correct to minimise errors.

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