This page will guide you through initiating a member's rollover into an SMSF from an external super fund.

Rollover In can be processed two ways on Class.

1. The most automated way is via SuperStream functionality if the fund is using Class' ESA:

• Rollover In from APRA
• Rollover In from SMSF

2. The alternative way is via the Manual Rollover 

Rollover In from APRA

Navigate to Business Level > Transactions > Rollovers & Release Authorities and select Initiate Rollover In

The fields on the page will be displayed progressively as data is entered and the Initiate rollover will not be active until all required data has been entered. 

1. Search for and select the relevant Class Fund
2. Select the relevant Fund Bank Account (this must be the Bank Account recorded by the ATO for the Fund)
3. Select the required Member
4. Select APRA as the fund type for the external super fund
5. Enter the ABN of the external fund
6. Select the USI
7. Enter the APRA Fund Member ID
8. Select Rollover Type
9. For Partial Rollover enter the Rollover Amount

Rollover In from SMSF

Navigate to Business Level > Transactions > Rollovers & Release Authorities and select Initiate Rollover In

The fields on the page will be displayed progressively as data is entered and the Initiate rollover will not be active until all required data has been entered. 

1. Search for and select the relevant Class Fund
2. Select the relevant Fund Bank Account (this must be the Bank Account recorded by the ATO for the Fund)
3. Select the required Member
4. Select SMSF as the fund type for the external super fund
5. Enter the ABN of the external fund
6. Select the ESA for the SMSF
7. Select Rollover Type

Manual Rollover 

Navigate to Fund Level > Transactions > Member Payments and select Rollover/Lump Sum Out

This page will guide you through processing a member's rollover received from an external super fund.

Navigate to Fund Level > Transactions > Member Income > Rollover In

1. Select the relevant Member using the drop-down
2. Enter Rollover Date, in the following date format DD/MM/YYYY
3. Enter Service Period Start Date (also known as the ESP date), in the following date format DD/MM/YYYY
4. Enter Description, or use the Class default "Rollover In"
5. Enter Gross Amount, being the dollar amount received
6. Enter Name, this is the name of the transferring super account 
7. Enter ABN of the transferring super account
8. Enter Preservation Components, as per the rollover statement from the transferring super provider
9. Enter Tax Components, as per the rollover statement from the transferring super provider
10. Click Submit

Ensure total preservation components are equal to the total sum of tax components entered.

What's Next?

Learn how to Initiate Rollover Out (via SuperStream)

E nsure your funds are SuperStream ready with our FAQ's and Checklist

Learn how to process Member Contributions