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Re: Transferring SMFS to Australian Super

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Newbie

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Replies 1

Hi there, I am 78 years old, I have been a widow for the last 5 years. I am a self funded retiree. I got a SMFS (which includes an apartment and a fund in AMP) and I have a small fund outside my SMFS invested in Netwealth. I want to keep my apartment under my SMFS and I want to keep my fund under the SMFS. However, I want to open an account with Australian Super to transfer my yearly compulsory withdrawal to Australian Super. Can I do it?

 

Thank you kindly,

Rose  

1 ACCEPTED SOLUTION

Accepted Solutions
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Best answer

Devotee

Replies 0

By "yearly compulsory withdrawal" I presume you mean the minimum pension amount?

 

No you cannot transfer it to another fund to satisfy the minimum withdrawal.

1 REPLY 1
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Best answer

Devotee

Replies 0

By "yearly compulsory withdrawal" I presume you mean the minimum pension amount?

 

No you cannot transfer it to another fund to satisfy the minimum withdrawal.