Will I be taxed when I transfer QROP funds to another Super Fund?

 Author: KaraATO(Community Support)Community Support

ATO Certified Response11 June 2026

Hi @BruBo,

Generally, a direct rollover from your QROPS at AESF to your Russell Investments super account won’t be subject to Australian tax, as transfers between complying Australian super funds are treated as standard rollovers.

The reason I say 'generally' is that the tax treatment of your foreign super amounts would usually have been considered when the funds were first transferred into the Australian super system.

So, if those contributions have already been assessed for tax (for example, applicable fund earnings), the rollover itself wouldn’t typically trigger further tax.

This is based on the info you’ve provided, as we don’t have access to your account to confirm the details.

If you instead withdraw the funds and then contribute them (if you're eligible to do so) to Russell:

• the withdrawal may be subject to tax depending on your age and whether you’ve met a condition of release, and
• any amount contributed back will count towards your non‑concessional contributions cap.

The key difference is that a direct rollover preserves the super environment, while withdrawing and recontributing may trigger tax and use your contribution caps.

Next steps would be to:

• check with AESF if they can process a direct rollover and confirm any possible tax implications
• confirm Russell Investments will accept the transfer.

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