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Rollovers from outside the super system are contributions

Section: 2.12

Some rollovers are now contributions

Generally, transfers originating from outside the Australian super system are treated under SIS as contributions, and are subject to contribution rules. Examples of transfers from outside the super system include:

  • a transfer from an overseas super fund, and
  • amounts sourced from the sale of an active asset, where the small business CGT concessions apply.
Important!
If the member is age 65 or over, they will need to meet the work test to make transfers from outside the Australian super system. If the member is age 75 or over, they will not be able to make a transfer from outside the Australian super system regardless of their work status.

Last modified: Thursday, August 24, 2017