Did you know you can now set up automated regular rollovers between super accounts to maintain a specific target balance in Xtools+?
Modelling regular transfers between super accounts used to be quite clunky, requiring you to enter dollar amounts for every single period of a projection. This new feature acts as an automated sweep. It is particularly useful for strategies like the "insurance premium shield," where you want to keep just enough in a secondary fund to cover premiums (e.g. $10,000) while automatically rolling out the surplus at the end of every year.
How?
🚀 Navigate to the Input > Individual > Super > Client/Partner > End of Period (EOP) Transactions screen in Xtools+.
🚀 Select the Regular Rollover tab.
🚀 Set your predefined Target Balance and choose the indexation rate.
🚀 Select the source fund and the primary wealth accumulation vehicle you want to funnel the excess into.
The software will then automatically adjust the rollover amount each year to ensure your target is met while sweeping the rest!
💡 You can use this same logic to manage pension reboots from an untaxed fund. By setting a regular rollover to sweep funds from an untaxed account into a taxed fund (like Superfund 1 or an SMSF) just before the reboot occurs, the pension will pick up those rolled-in funds automatically. It saves you from jumping between screens or doing the manual tax maths yourself.
