Once you have registered your business with Intello you are able to use our online forms via our Adviser Portal - including one to transfer an existing SMSF or non-SMSF entity:
There is no cost to transfer an existing SMSF across to the Intello administration service.
All transfers must be submitted via our online form as this ensures we can deliver a fast turnaround and meet our service standards.
As a minimum we need a copy of the prior year financial statements for the SMSF or entity you are looking to transfer.
Generally it will take us up to 10 business day (2 weeks) to fully transfer an existing SMSF across to our system. This time frame assumes all required information is provided to us at the time of transfer.
Factors that impact how long it takes to transfer an existing SMSF include:
- How long it takes the outgoing administration / accountant to respond to our ethical letter and provide any requested information (this is the key factor which determines how fast the transfer happens).
- The accounting system (if any) used by the outgoing accountant (BGL, Class, SuperMate)
- The complexity of the investment register of the SMSF - especially the cost base history
- The responsiveness of you and your support staff in regards to the provision of any requested reports / information
A client data collection form for an SMSF transfer can be downloaded here:
https://intello.box.com/v/SMSFTransferForm
Documents required to transfer an SMSF to Intello:
- Prior year Financial Statements* (Including Tax Return and Member Statements for SMSFs) - preferably signed by the trustees!
- Prior year signed Audit Report & Audit Management Letter (SMSFs) - preferably signed by the auditor!
- Investment Summary Report (showing all investment holdings as at 30 June)
- CGT History Report / Unrealised CGT Report (required to accurate import cost base history)
- Trust Deed / Amendments to Trust Deed (SMSFs)
- ATO Trustee Declarations (SMSFs)
- Trustee Consents to Act / Declarations (SMSFs)
- Member Applications (SMSFs)
- Investment Strategy (SMSFs)
*Mandatory requirement
Without a copy of the prior year financial statements for an SMSF, we cannot accept the transfer request.
We may be able to accept a transfer request for a non-SMSF portfolio (company / family trust etc.) where you can provide details of all investments as at 30 June of the prior year if financial accounts are not available.
Please contact us before submitting the transfer request if you believe you will have difficulty obtaining the prior year accounts for the SMSF.