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There is a small amount of super (less than $80k) in gesb west state which i understand is taxable on withdrawal at the highest rate If yes, do i have to wait till i have commenced pension with the existing provider. Gesb are going to transfer the lump sum in full to the estate account for me to administer.
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Hello, i would like to increase my monthly super contributions as an employee If i roll over my super from one provider to another, is it considered as selling the underlying investment and incur capital gain tax My employer requests for me to fill out the superannuation contribution changes form
Where is the link to find the form
Thanks bruce, i have just googled is gesb a taxed super fund and it said gesb super is a taxed fund, which means tax is deducted upfront, when certain types of contributions are made into the account and from any investment earnings. I rang gesb super fund and they said as i am 78 i am ineligible to start a new super fund This doesn't sound right to me as the govt has waived other rules to enable this scheme to work Try another fund, and be careful to state that it is to be started with a downsizer contribution.
Wondering how to make contributions to your spouse’s super fund Learn how to share or split super contributions with them here. @bruce4tax gesb west state super is an untaxed scheme Unlike most other australian super funds, west state super does not pay tax on any contributions or investment earnings that your super account receives while it accumulates
You will only be taxed when you access the money in your account
You can make unlimited salary sacrifice contributions up to $1.7m It's a fund that can no longer be. Ato communityloading × sorry to interrupt css error refresh Login template titleloading × sorry to interrupt css error refresh
The super fund they had while working in australia is a gesb super fund which only accepts super from government institutions, so we can't make a contribution to that super fund Can the non resident ex contractor set up a new super fund within australia when they will never return to australia for work?
