PS4 > PS5 Transition Help

preordering the standard edition to play on Friday and gonna start doing objectives, etc on ps4
in about 1-2 weeks im gonna buy a ps5
question is if all the progress/players/objectives i made on my fut account on ps4 transitions to ps5 aswell?
also, if i preorder the standard edition i get both games/versions (old gen on ps4 and ps5 version on ps5) right? No need to buy the game again when I'm on PS5?
ty