IMPORTANT INFORMATION
Consolidate
By submitting this information, I understand and consent to my information being collected, disclosed and used as described in NGS Super’s Privacy Collection Statement and Privacy Policy.
I request that you transfer the specified value held in respect of me for the above super fund, ATO held monies or policy. I understand that:
Fees
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- I may ask my previous super fund for information about any fees and charges that may apply or any other information about the effect of this transfer on my benefits, and do not require any further information.
- I approve the deduction by my old fund of any fees from the amount transferred, subject to legislative restrictions.
- there is no NGS Super charge for receiving money rolled in from other funds.
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Insurance
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- if I am rolling over my full account balance, by completing this request I will lose any insurance cover I have in my previous fund
- I can apply to transfer the insurance cover from my previous fund by applying through Member Online or by completing an Insurance Transfer Form before electing to consolidate my super. I should wait for confirmation of acceptance of the insurance cover before proceeding with this transfer
- I can also apply for additional insurance cover with NGS Super, but I understand it will need to be assessed and approved by the insurer
- I can visit NGS Super’s Insurance Information page through Member Online for further information about my current level of insurance cover and any options available.
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Tax
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- tax will apply to rollovers from untaxed sources, for example rollovers from some government sector funds and Superannuation Guarantee Contributions forwarded via the Australian Taxation Office.
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Tax File Number
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- I consent to my tax file number being disclosed for the purpose of consolidating my superannuation accounts.
- I authorise the trustee to use my tax file number to search the ATO SuperMatch database. Searching the ATO database will provide a list of ATO held monies (which will be transferred into your current NGS Super account) and also any other superannuation accounts held in your name. We will provide you with information about those accounts and how you can consolidate them with your NGS Super account.
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Rollover
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- if I have requested the rollover of my full account balance, any further contributions that are received by my previous super fund after my rollover has been processed will be redirected to my account with NGS Super
- if I wish to have a different investment option for this transfer than for my existing NGS Super account, then I will need to update my investment choice with NGS Super
- I will receive confirmation once my money has been received from my previous fund/s
- I discharge my previous super fund from any further liability in respect of the amount transferred
- I can view any past rollovers into my account on NGS Super’s Rollovers/Transfers-in website page through Member Online.
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ATO held monies
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- I understand that ATO held monies may include: superannuation guarantee (SG) contributions; superannuation holding accounts (SHA) special account; superannuation co-contributions; low income superannuation tax offset and unclaimed superannuation monies.
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Your request will become effective once it has been processed by us.