Will I pay tax on my investments while in the accumulation phase?
Net earnings relating to accumulation accounts are generally taxed at subject to a tax rate of up to 15%, however the rate may be less due to tax credits or other rebates. Tax is deducted from investment earnings before unit prices are determined and investment returns are applied to your account.Â
Please refer to the ‘How Super is taxed’ section in the Additional Information Guide for full details.
Will I pay tax on the investment earnings in my Retirement account?
Net earnings related to Transition to Retirement accounts are generally taxed at 15%, with no tax applicable if you have a Retirement Account. You may be eligible for tax credits or other rebates.Â
Tax is deducted from investment earnings before unit prices are determined and investment returns are applied to your account.
Please refer to the section ‘How super is taxed’ in the Superhero Retirement PDS for full details.
What tax will be deducted from my account from dividends/capital gains?
Earnings on investments within your super fund are taxed at 15%. These include dividend payments, capital gains and interest, less any tax deductions or credits.
Capital gains are taxed at 10% if the asset is held for longer than 12 months and 15% if held for less than 12 months.
When will tax be deducted from my account?
Tax may be deducted on super contributions, investment earnings (such as dividends), and withdrawals.
Depending on your situation, you can find comprehensive information about how super is taxed in the Additional Information Guide or the Retirement Product Disclosure Statement.
