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Conversion Kit: AP to an ABP

Note: APs cannot be commenced after 20 September, 2007.

Overview

  • contains guidance and template documentation to convert a member’s existing AP directly to an ABP
  • an ABP PDS is specifically tailored for an ABP
  • allows a nomination of an auto-reversionary beneficiary

APs were phased out and are now not as flexible or well understood as an ABP. Thus most SMSFs have converted their old APs to the more modern ABP. A conversion (contrasted with a roll-back and a new commencement) does not result in a recalculation of the tax free and taxable components as it does not involve a commutation. Note expert advice should be obtained if in doubt.

What’s Included

  • guidance on how to complete the documents and a completion checklist
  • an ABP PDS and a member application
  • trustee resolutions and relevant notifications
  • an ABP summary for the member, including guidance on how to calculate the minimum payments

To place an order you can email us at [email protected]

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