8/15/2023 0 Comments Outward guide![]() It also sends a Rollover benefits statement to the large public offer super fund. The SMSF transfers the $317,000 in James's account to the large public offer super fund. ![]() the SMSF deducted $3,000 from James’s account as an allowance for tax.James's employer contributed $20,000 to the SMSF.On 1 January 2022 James rolled over his entire interest in the SMSF to a large public offer super fund. On 1 July 2021 James’ account balance in the SMSF was $300,000. James is a member and trustee of an SMSF. amounts transferred from the member’s account to their spouse's super account as a result of the member’s death (a reversionary pension or entitlement).amounts transferred from the member's account because of a family law obligation (such as an order by a Family Law Court).amounts transferred out of the member’s account, to their spouse's super account, as a result of a contributions splitting arrangement (for more information, see Contributions splitting for members). ![]() rollover payments made for the member to another fund where you provided a Rollover benefits statement or Death benefits rollover statement to the fund.The amount that you write at Q is the same as the total of the amounts shown at item 13 on the Rollover benefits statement or Death benefits rollover statement.Įxamples of the outward amounts you write at Q include: The SMSF was required to report the transfers and rollovers on a Rollover benefits statement or Death benefit rollover statement that it gave to the receiving fund when the transfer or rollover occurred. Write at Q the total amount of the outward rollovers and transfers paid from the member's account (other than to a foreign recipient). Q Outward rollovers and transfers Did the SMSF make any outward rollovers or transfers from the member's account?
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