Lump sum - partial cashing out

This document contains the checklist and resolutions for a member cashing out a portion of his or her interest in the superannuation fund with the intention of remaining a member of the SMSF.

$88 single use | no legal review

As the Member is only cashing out a portion of their benefit, the Member must continue to participate in the management of the Superannuation Fund by remaining a trustee or a director of the corporate trustee. 

The resolutions confirm the issue of a Superannuation Lump Sum Pre-Payment Statement (NAT 70764) and authorise the various actions required for the payment of the superannuation partial lump sum to the member.

The template should be modified as required – variable text is indicated in red.  

This template is not appropriate for the situation where the payment is a death benefit or a terminal medical condition payment.

This document set provides all of the documents required to adopt account-based pension rules:

• Lump sum – partial cashing out checklist
• Application for partial cashing out of a members benefit
• Written resolutions

Please note:  This online order form provides a complete set of documents for one member only.  To place an order for a different member, please submit a new set of instructions.

For assistance please call the SUPERCentral Help Desk on 02 8296 6266 or make an enquiry.