You can roll over assets from Super accounts to an Investment account.
Things you should know before you get started:
- The assets must be available on the applicable Investment Menu to be held on platform
- All transfers into fund superannuation accounts will occur as a change of beneficial ownership (CBO) transfer and will trigger a CGT event. This is because the beneficial owner of the account is the superannuation plan, not the member
- The internal in-specie transfer form can be used instead of an Australian Standard Transfer form for an in-specie transfer of assets already on our platform where there is a change in beneficial or legal ownership
- Members may be eligible to claim tax deduction for personal contributions made within the current or previous Financial Year. To claim a deduction, members must submit a Super Deduction Notice for Personal Contributions or complete the deduction notice on the Super and Pension Withdrawal/Rollover form.
- Transfers count towards the applicable contribution cap(s) and are subject to superannuation rules as outlined in the taxation and superannuation law
- The client’s Tax File Number (TFN) must be provided before we are able to accept any personal contributions into their super account.
Further information on Asset Transfer timeframes and requirements can be obtained below:
If you have any questions, please contact the Asset Services team: asset.inbox@perpetual.com.au.