Sentences with phrase «transfer superannuation benefits»

Members may transfer superannuation benefits from other superannuation funds to the Fund.

Not exact matches

You (transferring fund) must provide a statement to the receiving fund and member when you pay a rollover superannuation benefit.

The net amount of capital you have transferred to your superannuation retirement phase to support capped defined benefit income streams.

You should use the form Rollover initiation request to transfer whole balance of superannuation benefits to your self - managed super fund (NAT 74662) to transfer your super to a self - managed super fund (SMSF).

Different treatment arises for the purposes of your transfer balance account depending on whether, under the payment split, the non-member spouse is entitled to either a lump sum amount or a percentage of the member spouse's superannuation income stream benefits payable from the superannuation income stream.

Similarly, a superannuation interest that supports a superannuation income stream that decreases in value because of investment losses [25] or a drawdown of superannuation income stream benefits does not have that reduction reflected in your transfer balance account.

See LCR 2017/3 Superannuation reform: Superannuation death benefits and the transfer balance cap for more detailed guidance on reversionary beneficiaries and death benefit income streams.

Where the split is achieved by dividing the superannuation income stream benefits payable from the superannuation income stream, a credit to the full value of the superannuation interest that supports the superannuation income stream (at the time of the payment split) arises in the transfer balance account of the non-member spouse.