Successor Fund Transfer

An SFT involves the transfer of a member’s benefits from one super fund to another where the consent of the individual member isn’t required. The trustee of the transferring fund must satisfy themselves that the transfer is in the best financial interests of members and that members will have “equivalent rights to benefits” in the successor fund. 

ETSL satisfied itself that the SRF SFT is in the best financial interests of members and that NMRF will provide members with equivalent rights to benefits.

A new section of the NMRF will be established that mirrors the terms of the SRF and the accounts and benefits of SRF members will be transferred into this new ‘SRF section of the NMRF’. Given the new SRF section of the NMRF mirrors the terms of the SRF, transferred members will have ‘equivalent rights to benefits’. ETSL is also satisfied that this transfer is in the best financial interests of transferring members of SRF, and of members of NMRF, because operating one superfund is more efficient and allows for better economies of scale than maintaining two separate superfunds. 

The SFT will occur immediately after the end of 30 June 2026. 

You will not lose any entitlements or benefits due to the SFT. 

You can choose not to move to the SRF section of NMRF. Although you cannot remain in SRF, you can either:

• transfer (rollover) your SRF balance to another eligible super fund, or
• withdraw your balance (if you meet a condition of release, such as retirement, reaching your preservation age, turning 65, or permanent incapacity).

To transfer your SRF benefits you can:

• Contact your chosen super fund for their transfer instructions and forms; or
• Log into myGov to view all your super accounts and transfer your balance; or
• Use the ATO’s rollover form to move your entire balance to another fund.

To withdraw your SRF benefits, you can:

• Complete the Benefit Payment Request form at resolutionlife.com.au under Forms and Documents.

We must receive any transfer or withdrawal request along with any necessary documentation before 5pm Tuesday 30 June 2026.

Before deciding to withdraw or transfer your benefit, we recommend you carefully consider your current benefits such as available investment options, fees or insurance options and the effect that any rollover or cashing of your benefit may have upon these. You may lose your insurance cover and, depending on your circumstances, cashing in your benefit may have tax implications. Before making a decision to withdraw or transfer your benefits, we recommend you speak to a financial adviser. You should seek advice from your taxation adviser in relation to taxation matters. 

Any account with a claim in progress at the end of 30 June 2026 will be transferred to NMRF.  

No. There are no blackout periods (also known as “limited service periods”) on your account because of this change. If end of year freeze periods apply to your products this will continue to apply. 

No. If you currently receive a pension from your account in SRF, you will continue to receive your pension after 1 July 2026 from your NMRF account, according to your agreed payment schedule. 

Provided the account remains in force at the end of 30 June 2026, it will be transferred to NMRF. Resolution Life will continue to be the administrator of the account.

Accounts closed on or before 30 June 2026 will not be transferred to NMRF.

Yes. Any bonuses on your SRF account as at 30 June 2026 will be transferred to your account in NMRF as part of the SFT. 

No, any terminal bonuses on your whole of life or endowment accounts will only be confirmed when you withdraw your funds. 

Yes, you can continue to make contributions up to the SFT date and beyond. Any contributions received by us by 30 June 2026 will be applied to your SRF account. Any contributions received by us from 1 July 2026 will be applied to your account in the SRF section of NMRF.

If you receive employer contributions from 1 July 2026, you will need to notify your employer about your new USI, which can be found under the question 'What products are being transferred?' above.

You can make contributions to your new NMRF account at any time. For more information on the types of contributions you can make to your account, please refer to Give your super a helping hand.

If you receive employer contributions from 1 July 2026, you will need to notify your employer about your new USI, which can be found under the question 'What products are being transferred?' above.

Yes, you may still submit a notice of intent to claim a tax deduction for any FY26 personal contributions you made into your SRF account until 30 June 2027 or before your tax return is lodged, whichever is earlier. 

If you hold insurance in your SRF super account at 30 June 2026, it will transfer to your account in NMRF from 1 July 2026. 

Yes, you can continue to access your online account after the transfer using your existing login details. 

You will need to let your employer know about your new USI for your employer to continue paying super contributions on your behalf from 1 July 2026. We have included a pre-filled form in your significant event notice which you can give to your employer. You do not need to complete a new Choice of Fund form as your choice election remains in place in respect of the successor fund. 

Members will not be charged any fees and costs for the SFT.