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Advance Super Account Amendment Effective 1 December 2020 Trustee: BT Funds Management Ltd (RTFM) ABN 63 002 916 458 ADSL 233724Home phone numberGUIDE TO COMPLETING THIS FORM Complete this form in
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How to fill out advance super account

01
Step 1: Obtain the necessary application form from the financial institution or superannuation provider offering the advance super account.
02
Step 2: Fill out personal information such as your full name, date of birth, address, and contact details.
03
Step 3: Provide your Tax File Number (TFN) to ensure proper tax reporting and eligibility for government co-contributions.
04
Step 4: Specify the amount of money you would like to contribute to the advance super account. Ensure you comply with any limits or regulations imposed by the superannuation provider.
05
Step 5: Select the investment options for your contributions. This may include choosing between different asset classes, such as stocks, bonds, or cash.
06
Step 6: Nominate one or more beneficiaries who will receive the benefits of your advance super account in the event of your death.
07
Step 7: Review the terms and conditions of the account, including any fees or charges that may apply.
08
Step 8: Sign and date the application form.
09
Step 9: Submit the completed form to the financial institution or superannuation provider.
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Step 10: Keep a copy of the filled-out form for your records.

Who needs advance super account?

01
Anyone who wants to boost their retirement savings may consider opening an advance super account.
02
Individuals who anticipate higher income in the future may benefit from making additional contributions to their superannuation.
03
Those who want to take advantage of potential tax benefits associated with superannuation might also find an advance super account useful.
04
Individuals who have received a windfall, such as an inheritance or a large bonus, may choose to invest it in an advance super account to secure their financial future.
05
People who want more control over their investment strategy within the superannuation framework can utilize an advance super account.
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An advance super account is a financial account designed to allow individuals to make contributions towards their retirement savings with potential tax benefits.
Typically, self-employed individuals, small business owners, and those with specific retirement income sources may be required to file an advance super account.
To fill out an advance super account, individuals need to provide their personal details, contribution amounts, and income sources on the designated form.
The purpose of an advance super account is to facilitate retirement savings, providing individuals with a structured way to accumulate funds for their future.
Information required includes personal identification details, contribution amounts, investment income, and any deductions related to superannuation.
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