Search results

This is mainly due to the fees charged for preparing the acocunts and having the accounts audited. $200,000 sounds a little high, but at this level, the percentage of fees paid would be less than the fees charged by a professional fund.

There is tax on this rollover because no tax has been paid on the contributions. Govt super funds are taxed differently to 'normal' super funds. Rolling it over from one 'normal' fund to another is not taxed.