Superannuation (a.k.a Super)

To rollover all funds from one investment profile to another (e.g. change from 'Balanced' to a 'Conservative', so it is more consistent with the individual's risk profile):

1. Go to the Review super funds sub-step (under the Cash flows & Goals step on the top menu)

2. Scroll down until you find the super fund you want to re-balance

3. For the investment option you want to close, for the Keep investment open? field, click 'No' (if you cannot see this field, then for the 'Custom options' field, choose an option that is not "Close fund now')

4. To add the new investment option:

   1. Click the +Add new investment to super fund button

   2. For the Profile field, select the required profile

   3. For the Future split % field, put '100'

5. NOTE: This rebalancing happens in the first year and the ratio is maintained for the rest of the analysis.

Within a super fund you can instruct Pathfinder to keep investment options in a certain ratio (e.g 50% Growth and 50% Balanced):

1. Go to the Review super funds sub-step (under the Cash flows & Goals step on the top menu)

2. Find the existing super fund or add a new super fund

3. If it's an existing super fund:

   1. For existing investment options fill in the Future % split field with the percentage of the total super fund that should be kept in each option

   2. (Optional) If required, add new investment options and also fill in the Future % split field

4. If it's a new super fund:

   1. Add each investment option and fill in the Future % split field, as required.

5. NOTE: This rebalancing happens in the first year and the ratio is maintained for the rest of the analysis

Tips

• If there is only one investment option, just put 100%

• For existing super funds, the current ratio of existing investment options is also listed on the form, which is useful if you want to continue with the same ratio.

To rollover funds from one superannuation fund to another:

1. Go to the Review super funds sub-step (under the Cash flows & Goals step on the top menu)

2. For the fund you want to withdraw funds from, for the Custom options field, choose Close fund now

3. For the fund you want to deposit the funds to under the Custom options field, if you can see the 'Rollovers into fund' field, make sure that 'Robot' button  is selected (if you have chosen options where the field is not visible, then rollovers in will be allowed automatically).

If a minimum balance should be kept in a superannuation fund (e.g. to keep insurance and pay its premiums):

1. Go to the Review super funds sub-step (under the Cash flows & Goals step on the top menu)

2. Find the superannuation fund that should have the minimum balance

3. For the Custom options field, choose 'Keep minimum balance'

4. Fill in the rest of the fields as required. You can use the help under the field to understand the options.

5. Make sure that there is another fund that can receive excess super funds, if the individual is still making super contributions.

If insurance is being paid out of a superannuation fund:

1. Make sure that the superannuation fund has been entered (it can either be an existing or new super fund)

2. Add the insurance:

   1. If it is existing insurance, go to the Current situation > Insurance step on the top menu

   2. If it is proposed insurance, go to the Cashflows & Goals > Review insurance step and click the +Take out new insurance button (at the end of the form)

   3. When you enter the insurance details, in the Owner field, you can choose the Superannuation fund

3. Note that if a fund with insurance is closed, the insurance will stop being paid

4. For more, see Insurance

If financial planning fees are being paid out of a superannuation fund, the tax deductible status will be worked out automatically. To enter the fees:

1. Make sure that the superannuation fund has been entered

2. On the Cashflows & Goals > Cash flows step, in the Expense section and enter the fee details:

   1. For the Type field choose 'Initial plan fee' or 'Ongoing plan fee'

   2. For the Owner field, choose the Superannuation fund

• If you want to pay financial planner fees paid out of a new superannuation fund, make sure you enter the super fund first.

• If a fund that has a financial planning fee paid out of it is closed, the fee will stop being paid.

If you have a super fund that should be left alone (i.e. no deposits from contributions or rollovers, no roll outs, no lump sum), then you just need to choose the appropriate options:

1. Go to the Review super funds sub-step (under the Cash flows & Goals step on the top menu)

2.  Find the super fund

3. For the Custom options field, choose 'More options'

4. For Options for deposits choose 'Control deposits/rollovers in'

   1. For the sub fields, choose the 'Do not allow...' options

5. For the Options for withdrawals field, choose 'Control withdrawals pension'

   1. For the sub field, choose the options with 'No...' or 'Do not allow...' or 'Never start...'

6. (Optional) You can choose to close the fund later (e.g. at retirement), and Pathfinder will choose whether to withdraw or roll funds out when the fund is closed.

You can enter details for this on the Individual form.

Defined benefit pensions and reversionary pensions

Pathfinder cannot model these types of super funds by default, however workarounds may be available

The name of the case, and details on how the reversionary pension works. Any particular notes on how it differs from a standard super fund are helpful.

We review these case-by-case. If you require us to do the research for you, this will make the case more likely to need to be submitted to the Optimo Financial SDS .

Complex control of super investment options

There are many options already available in pathfinder, but if you’d like to do something more complex, for example, rebalancing in future years, or controlling investments in different ways, then please contact us and well see what we can do

• the case and scenarios

• the super fund and their investments, and details of what you’d like to do with them

If it’s a single adjustment on one item, then this would probably be part of the standard Optimo support.

If there are multiple adjustments, we may suggest you submit the case to the Optimo Financial SDS .