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Transfer funds in from other account, same... Expand / Collapse
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Posted 20/10/2012 6:20:55 PM
Junior Member

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Group: Forum Members
Last Login: 20/10/2012 7:14:18 PM
Posts: 1, Visits: 4
My SMSF has 2 members.
Member A, Pension phase, Cash Management A/C A, accounted for as a wrap account with a Financial Adviser.
Member B, Accumulation phase, Cash Management A/C B, accounted for on MySF.

I have been transferring funds from A to B and just want to check on what should be the correct treatment.

Options are:
a. just transfer into MySF Account for member B as 4640 Undeducted Member Contribution and document source of funds in the Memo
b. create a new Member A MySF Account and transfer funds in as 4640 Undeducted Member Contribution. Does this mean I have to assign specific investments when those specific funds are invested?
Post #4854
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