Rollover Funds
Rolling over simply means taking your superannuation and any other ETP (Eligible Termination Payment) and transferring them directly into another investment within the superannuation system. For example, if you have changed employers, you may wish to transfer your previous superannuation into your new superannuation fund.
Rollover funds cater for super payouts following termination of employment. These funds are able to accept super benefits and retain the preservation and tax status of the benefits. This provides you with the opportunity to invest your ETP in a way which may attract significant tax concessions.
Rollovers can usually be made to:
* a complying superannuation fund;
* a complying approved deposit fund; or
* an eligible immediate annuity or a deferred annuity.
If you have recently left an employer and need advice to ensure your money continues to work for you, contact us.