Under the superannuation guarantee, employers have to pay superannuation contributions of 11% of an employee's ordinary time earnings when an employee is: over 18 years, or. satisfy an early access requirement. retirement savings accounts (RSA) the government. for organisations. au/departaustralia 13 Residential address Suburb/town/locality State/territory Country if outside Australia (Australia only) Postcode (Australia only) Suburb/town/locality State/territoryLost super is different to ATO held super. gov. ATO-held super belongs money we hold for you, paid to states on your behalf, that needs to take into choose fabulous. Make payments, view transactions and download statements and reports. For more information about ATO-held super and transferring ATO-held super to your super account, have a look at our website. Be prepared to provide the following information upon request: your personal details. This form may take some time for us to process. You will be able to check all of your super accounts, find any lost or ATO-held super, and transfer. position. 1m in lost super - SMSF Adviser You haveTo manage super in your ATO online account follow these steps: Australian Taxation Office. Bruce4Tax (Taxicorn) 2494 likes. Prior year tax return forms and schedules. SM2304 (Devotee) 294 likes. Provide answers to 2 questions to verify your tax record. The member then sends a declaration form declaring they are not a member of an inactive low-balance account. Death benefit income streams and your transfer balance cap Temporary residents can use our departing Australia superannuation payment (DASP) online application system to claim ATO-held super after leaving Australia. you have found a 'lost super' account with a balance less than $200. If you received a statement of account from us, this provides a list of transactions processed during the statement period and may show if any payments were deducted. 8 million lost and ATO-held accounts. Identify the interest transactions processed in the period 1 July 2015 to 30 June 2016. Employers can utilise this service to determine whether employer contributions qualify as superannuation guarantee payments. You cannot claim a deduction for any losses from your creative work if it is a hobby. 20% lower fees than the super industry average with Core Strategy* thanks to the power of 1. confirm you have a sufficient super balance to cover the expense and withholding tax; check if your super fund allows early release of super; collect all the documents and evidence required to support your application. view your super fund accounts and balances, and amounts held by us; find lost and ATO-held super and consolidate your accounts; see the amounts your employer has contributed to your super; view your total super balance; use the YourSuper comparison tool to compare MySuper products and choose a super fund that meets your needs Departing Australia superannuation payment (DASP)（离澳退休公积金支取. Choosing a super fund When choosing a super fund make sure you understand your options and set up an account that suits your situation. There is also information about using a paper application for DASP if you need to. Super may be taxed at 3 points in its life cycle: on contributions. under 18 years and works over 30 hours a week. completing the paper form. It won't be taken from you either!the super income stream is a death benefit income stream; the deceased died after they turned 60 years old. / Your Tax & Super / Your Super; My ATO held super has not arrived at AMP 60 days after request, the FAQ page is broken. Click on the Super tab, select Manage and then select Transfer super. This form may take some time for us to process. If you wish to access super money we currently hold for you, you will need to transfer it to your super fund before you can apply for COVID-19 early release of super. You will be able to check all of your super accounts, find any lost or ATO-held super, and transfer your super into the super account you want. Employers who don't pay SG contributions in full by the due date (28days after the end of the quarter) or into the right fund must pay the super guarantee charge to us. Hello, I've set up a self managed super account and would like to transfer the ATO held super in my name. You can apply for a DASP via either: the DASP online application system. This was made up of just over 6. Employers who don't pay SG contributions in full by the due date (28days after the end of the quarter) or into the right fund must pay the super guarantee charge to us. a separate payment transfer. Registrable superannuation entity audits. If a super. By using ATO online services, you can keep track of your super. Determine the right super funds to pay super guarantee contributions to. If you wish to access super money we currently hold for you, you will need to transfer it to your super fund before you can apply for COVID-19 early release of super. You can apply for early access to your super because of severe financial hardship through your super fund. Super is an investment in your future. Super Investment Management Pty Limited ABN 86 079 706 657, AFSL 240004, a wholly owned company of Rest, manages some of the Fund's investments. View all news. You will not be able to rollover your ATO-held super to any Eligible Rollover Fund (ERF). Details of a newly opened super account should be available soon after it opens. Got a cheque in the mail on Friday from the ATO for a small amount, a refund for unclaimed super they had been holding that I was unaware of. The website says "You may be able to withdraw your ATO-held super if you meet the conditions. tax file number (TFN) name. Downloads. gov. You can view details of your super accounts including: super accounts you may have lost track of and any ATO-held super. Install. If your super fund has transferred your super to us as unclaimed super, you may be able to submit a direct claim for your ATO-held super if you meet one of the criteria. super co-contributions) that only happen once a month. I logged on to the Australian Tax Office (ATO) website today an the ATO tells me i have unclaimed super. Keeping track of your super online; Super health check; Transferring or consolidating your super; ATO-held super; Inactive low-balance super accounts; Withdrawing and using your super. The payment may be made up of two components, taxable and tax free. You will need to declare your income to the ATO in your annual return. When a self-managed super fund (SMSF) member dies, the SMSF generally pays a death benefit to a dependant or other beneficiary of the deceased. The only way after reading links to other posters, with same situation is telling them to go to a page called "ato held super" is to use Mygov. If your superannuation benefits have been transferred to another super fund or the ATO, or if your super fund rejects your application, you will. 如果超過6個月後還未申請，款項將會轉移到ATO代為保管（ATO-held super）。 如果用紙本申請，須就每個Super fund賬戶／ATO-held super個別提交申請。若涉及款項超過A$5,000，將會產生額外手續費。 提交申請後等待審核，約28日就會收到款項。This form should be completed when you are requesting a withdrawal of your ATO-held super and are required to attach medical evidence confirming you have retired due to a permanent disability. Phone us on 13 10 20 for an alternate fund if your online request gives you the same stapled super fund details. Tax return for individuals 2023. 00am and 6. SMSFs can have a maximum of 6 members. Payment support (call-back line) – if we reach out to you to offer help, you can phone us back on this number. This includes amounts paid on your behalf by: employers. super funds. For ATO-held super you'll need to use the application for payment of ATO-held superannuation money. Interest is calculated using the consumer price index, which is currently at 7. If we are holding some super for you and you are able to claim it, the application for payment of ATO-held superannuation money page explains what you need to do. As you will note from the thread, I have been trying to establish the correct procedure (s) to claim Super Funds from my time in Australia. The cheque is a little over $200, however what I am puzzled by is that when I logged into MyGov I can see that they are still holding another $1250 of. Super contributions to defined benefit and constitutionally protected funds; Keeping track of your super. Do you have any other active super accounts besides the SMSF? Otherwise, you may want to complete search 'Searching for lost. Maximise RATE. What expenses are eligible and what evidence you need to access super on. There are a lot of differences between SMSFs and other super funds, but the one thing they have in common is to provide retirement benefits to their members. If your client has departed Australia but their temporary resident visa is still current, they may be able to request an early cancellation of their visa. Only phone these numbers if we contact you by phone, SMS or letter. If your superannuation benefits have been transferred to another super fund or the ATO, or if your super fund rejects your application, you will. a regulated super fund; an exempt public sector super scheme complying approved deposit fund; retirement savings account. The only mentions of the $6,000 figure for ATO held super are in these scenarios: Your super provider must report and pay your super to us if you are a lost member and your balance is less than $6,000. By clicking the ‘Find my super’ button, I consent to the automatic transfer of any ATO. To lodge files using the DTF you need to obtain a user. These fees are applied. Find out if your asset. He works with 3 other guys and they have similar situations, except 1 last received a super contribution in 2013 instead of. Postcode. If you have unclaimed super money that’s being held by the Australian Tax Office (ATO), you may be eligible to transfer the money directly into a KiwiSaver scheme. For more information see Unclaimed superannuation money protocol. a paper form. The ATO app is a simple and easy way you can access and manage your tax and super on the go. Check your balance, top up and manage your super online, 24/7. We pay you interest on certain tax liabilities when you pay early, overpay or there's a delay in us paying your refund. If your application is for ATO-held superannuation, payment will be made direct to an Australian financial institution account where the ATO holds valid financial institution. That’s great your new super fund allows these ATO Held supers to be transferred. start a transition to retirement income stream while continuing to work. Employers who don't pay SG contributions in full by the due date (28days after the end of the quarter) or into the right fund must pay the super guarantee charge to us. sa. You can only access your super early in…well, super limited circumstances. Account balances are updated when they are. You can receive a payment of ATO-held super in two ways: online using your myGov account connected to ATO online services. 9 million accounts. Vivianvee100 (Initiate) 21 June 2020. This account isn't the same thing as your superfund. Transfer of ATO-held USM to a New Zealand financial institution. 退休公积金（super） 澳洲法律规定，年满18岁的员工不论全职还是兼职，只要税前月收入不低于450澳元，雇主在支付基本工资以外，都必须为员工缴纳super(不低于税前工资9. How DASP is taxed. Early access to super. 4,036 views. The ATO-held super page on our website provides guidance on how to do this. Check your type of super fund If you are a former temporary resident who accumulated superannuation (super) while working in Australia, you can claim your super from your super fund if you meet all of the following requirements: you entered Australia on a temporary visa listed under the Migration Act 1958 (excluding subclasses 405 and 410) your visa is no longer in effect You can request a transfer online. Generally, super money will be transferred to the ATO from super providers for any of the following: unclaimed super for members aged 65. your total super balance, which is relevant to how some key superannuation rules apply to you. Employers can utilise this service to determine whether employer contributions qualify as superannuation guarantee payments. Here’s how to do it: Head to the myGov and log in. 如果在你离境，签证失效后半年及以上，没有及时递交申请，则你的养老金公司会将账户里的余额转至 ATO 作为无人认领金（ATO-held super）。 如果申领金额为5000澳元或以上，养老金公司将要求您的身份证明文件认证副本（certified copies）。Click To Subscribe: Jaane Ki Zidd Na Karo is a song originally sung by Habib Wali Mohammad and then later made popular by Farida. If the government, your super fund or your employer can't find an account to transfer your super to, we hold it on your behalf; combine multiple super accounts by transferring your super into your preferred super account – if this is a fund-to-fund transfer, it will generally be actioned within three working days. If you’d like to rollover (transfer) your super to another super fund, the easiest option is to apply through your online account or contact us on 1300 300 273 to obtain a copy of the Apply for a payment form. Hi @Seleus. select Lodge SGC statement as the subject. For more information about ATO-held super and transferring ATO-held super to your super account, have a look at our website. has received a contribution in the current or previous financial year. DW565475 (Newbie) 17 May 2023 @WendyATO Hi, I just received the mail from ATO and it shows that the money had been hold by ATO has been transferred to. New Zealand financial institution (if you're 65 years or older or the amount is less than $200). Hi @rosemarycss. ” Super becomes ‘lost super’ when it is still held by the fund but the member is uncontactable or the account is inactive. 3. He is considered by many to be the greatest shooter the country has ever produced, thus, earning the moniker, "The Triggerman". This is the quickest way to transfer any ATO-held super to your preferred fund. Super paid after a person's death is called a 'super death benefit'. You can apply for a DASP via either: the DASP online application system. Download the ATO app. For ATO-held super, use the Application for payment of ATO-held superannuation money (NAT 74880) and send it directly to us. Login with. Here’s how to do it: Head to the myGov and log in. Tell your employer. Select Search applications and you will see the new search screen. Access to Australian superannuation funds for New Zealanders living in Australia/General/Online-services/Using-ATO-online-servicesIf you have ever changed your name, address, job or lived overseas, you may have unintentionally lost track of some of your super. ClareN (Staff) 26 May 2020 Hi @Ayesha If your superannuation is held by the Tax Office you cannot withdraw it under COVID19. Under How to claim your super you can find the Application for payment of ATO-held superannuation money. Your super is for retirement, but you may be able to access it earlier on compassionate and other hardship grounds. Australian company number (ACN), Australian Registered Body Number (ARBN), Australian business number (ABN) or Australian Registered Fund Number (ARFN)Use this workbook to help you complete question A3 in your tax return 2023. Trustee of the ADF Superannuation plan (ADF Super) ABN: 90 302 247 344 RSE: R1077063. Australian Taxation Office. Whether you choose a new super fund or one of your existing ones, give your employer the details they need to pay your super into your chosen account. fredrik93 (Newbie) 2 Aug 2021. You're entitled to an ABN if you're: carrying on or starting an enterprise in Australia. Use of this service is restricted to trustees of super funds and can be used for: beneficiaries (members) of the fund. It includes unclaimed superannuation money (USM) and money held in the Superannuation Holding Account (SHA). Set up your myGovID and establish your authorisations using Relationship Authorisation Manager (RAM) . your super fund immediately if you identify unauthorised transactions or updates to your account. External Link. The Target Market Determinations (TMD) for our financial. Hopefully the good news as mentioned above outweighs this though, and we wish you the best with your future travels back here :) Liked by fredrik93. part-time employees. apply for your ATO-held super. sig. A final DASP tax will be withheld from your payment when it is made. This payment is called a departing Australia superannuation payment (DASP). a paper form. Consolidate your Super SSA67 DATE OF ISSUE: 30 NOVEMBER 2022 OFFICIAL: SENSITIVE (when completed) ASFM30 PAGE 2 OF 2 Contact us EMAIL supersa@sa. Find ATO held super . Completing the paper application. If you have a Total Super Balance of less than $500,000, carry-forward rules allow you to make extra concessional contributions above the general concessional contributions cap, without incurring additional tax. You can check which bank account details we would have. Yes, you should be able to view in your myGov if you have any ATO-held super. An extra 15% tax on the super contributions of high income earners. You can apply for a DASP via either: the DASP online application system. Most helpful reply. The ATO then. Super payment due dates. ATO-held super must be transferred to your super fund before you can apply for it. Generally, USM must be reported and paid to us from super providers once it meets a certain category of USM for any of the following: unclaimed super for members. Provide answers to 2 questions to verify your tax record. Can’t find the information you’re looking for? See if our ATO-held super refers to super money we hold for you. To view and update a client's FID, follow the Online services for agents user guide. How can you claim lost super? Login using your username and give MLC your consent to find your super. retirement phase are tax-free – subject to a lifetime limit on the amount you can transfer into retirement phase (your transfer balance cap)When you transfer your super, your entitlements under that super fund may cease. There are different types of ATO-held super (e. Instead we hold onto it as ATO-held super (with no fees) until you claim it, or until we locate another active fund for you. Open the Australian Taxation Office page under Your Linked Services (If you haven’t linked your ATO account then you’ll need to do this first). Find out more about claiming ATO-held super as a DASP. If you don't have an Australian bank account, we will send the money to you as a cheque. There are some exceptions. Data released by the Australian Taxation Office (ATO) for the financial year ending June 2020 shows that the Morrison Government’s reforms have had a big impact, reducing unclaimed super by $7 billion. They may want evidence from us to confirm if you meet the income support requirements for financial hardship. Information in other languages. Contact your provider to request access. Dashboard Dashboard. To access ATO-held super you have a few different options depending on your circumstances. Different tax rates apply to working holiday maker (WHM) visa holders. If your super fund allows it, you may be able to withdraw some or all of your super in one or more 'lump sum' payments. There are some exceptions. 4) Act 2023 came into force, making several changes to the financial reporting and audit obligations for registrable superannuation entities. This form may take some time for us to process. In reality, the actual average tax rate can be lower than this, typically around 6. Any account with a balance will appear here, so you may find some super you had forgotten about. We don't use them for direct debits. I would like to know how long this transfer will take and if I need to do anything. Author: EthanATO (Community Support) 24 Oct 2022. Superannuation (super for short) is a long-term investment that grows over time. Information in other languages. You may be able to choose the super fund your SG contributions are paid into. On 1 December 2015, you lodge an AAF return for the 2014–15 income tax year. This is a compilation of the Superannuation Act 1976 that shows the text of the law as amended and in force on 1 January 2020 (the compilation date). The 'Application for payment of ATO-held superannuation money' form can be found towards the bottom of the webpage. If you are eligible to apply for ATO-held super but can't apply via our online services, complete the paper application and return it to us. Government super contribution labels in your tax returnAllan Vito Flores Caidic (born June 15, 1963) is a Filipino former professional basketball player in the Philippine Basketball Association. Super; then Manage; then Withdraw ATO-held super. You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products). Withdraw ATO held Super. ATO-held super; Application for payment of ATO-held superannuation money (NAT 74880) First home super saver scheme. Your lost or unclaimed super may be held by your super fund (as a lost member), or by us as ATO-held super. How super is taxed. Completing the paper application. The correct forms can be found under the 'how to claim' link I posted above. Within 28 days of receiving your money, the ATO will transfer it to an active super fund if you have one, and the transfer will result in your active account having a total balance of $6,000 or more. We can advise where it has been transferred to over the phone. Add the extra child rate for each child you have to the couple combined rate in the table. Sole traders aren't obliged to pay Superannuation. The total lost (fund-held) and ATO-held super as of 30 June 2022 was just under $16 billion for 6. I authorise the transfer of any ATO held super monies into my account. 5 steps to find your super. executor or administrator's letter of appointment) Once you've submitted all required documents, the super fund will process your claim and send you the payout. In order to withdraw ATO-held super for a third-party you will need to supply supporting documentation. To access your super on compassionate grounds to repay borrowed amounts, all of the below conditions need to be met: Condition 1 - You or your dependant meet all the eligibility conditions to access your super on compassionate grounds, including that the expense is an eligible expense. select My profile, then Financial institution details. Applying for a Departing Australia super paymentTemporary residents who have departed Australia can use this form to access their superannuation benefits (NAT 7204). That page has a section that explains this. A list of your funds including ATO held super with their last reported. accepts government rollovers. Low fees means more love for your super. A rollover is when you, as a member, transfer some or all of your existing super between super funds, including SMSFs. 00. Illegal early release and scams Illegal early release ATO-held super for temporary residents. If your application is for ATO-held superannuation, payment will be made direct to an Australian financial institution account where the ATO holds valid financial institution account details for you. ATO Super balances will be available in online services after 31/01/2022 as the ERFs provide their annual returns to us. To update your financial institution details using ATO online services: sign in to your myGov account. On 1 July 2023 the Treasury Laws Amendment (2022 Measures No. Since 31 December 2007, the super guarantee charge (SGC) has been required to be paid before payments to ordinary unsecured creditors. This postcode data is made available to the community to encourage individuals to check all their super. You can use this application to transfer your ATO-held unclaimed super money (USM) to either your: KiwiSaver scheme provider, or. The tax on a super death benefit depends on: whether you were a dependant of the deceased under tax law; whether it is paid as a. Spouse splitting contributions can help equalise super balances and/or help the contributing spouse remain under certain caps such as the $1. ATO-held super includes amounts paid by. The ATO then looks for an alternative existing fund link, and if none can be found, holds the balance against the individuals account. Paying benefits. You’re NOT eligible if you: are an Australian or New Zealand citizen; hold a permanent or current temporary visa; are a temporary resident who has left Australia and receives an income stream; hold a retirement visa (subclasses 405 and 410). In the linked ATO section you can select super and request a transfer from the ATO held super account to your chosen fund. The Superannuation Star Ratings in this table were awarded in March, 2023. date of birth. For the transitional 2016 year we adjust your pre-fill interest data to exclude the GIC processed on 1 July as this was included in the 2015 pre-fill interest totals. The total value of lost and ATO held super is $16. We can advise where it has been transferred to over the phone. Author: YianaATO (Moderator) 17 Nov 2020. for super held by a super fund, use Application for a departing Australia superannuation payment form (NAT 7204) – send this form directly to the super fund. g. Follow these steps to link the ATO to your myGov account: Enter or confirm your personal details. The 5 steps you must take as an employer to set up your business so you can pay your employees' super. – for both super fund and ATO-held super. For more information, see Searching for lost super. Thanks for the additional info here! The ATO will only transfer your money to your active super fund if it will take your total balance to $6,000 or more. gov. If your super is help by ATO then you’ll need to complete the ATO-held super form and post it to us. View the Canstar Superannuation Star Ratings Methodology and Report. Hope this helps! Most helpful reply. To lodge a late payment offset election, use the SGC statement (NAT 9599). Accessing the search function. On this. Find our most popular forms and instructions listed below or use search and then refine your results using the filters. Without your TFN, your super fund can't accept a LISTO. You can check where your super is using ATO online services through. You may want to seek independent financial advice before requesting a transfer of your super benefits. As an individual or sole trader, you can quickly access your personal tax and super information in one place. Superannuation (super for short) is a long-term investment that grows over time. The DASP online application system also allows you, or your authorised intermediary, to: view your super accounts reported to us if you provide your TFN. ATO-held super is super money we hold for you. When your fund is established and all trustees have been appointed (including signing the Trustee declaration ), you have 60 days to register the SMSF with us by applying for an Australian business number (ABN). A super income stream involves a series of regular payments from a super fund (at least annually), drawn from a retirement account. Inactive low-balance super accounts. Tax rates. You need to consider all relevant information before you decide to transfer your super. g. If you have made a direct claim but have not yet received your super co-contribution and are suffering hardship as a result of the delay, phone us on 13 10 20 to discuss your circumstances. The more you contribute during your working life, the more you'll have for your retirement. This includes amounts paid on your behalf to the ATO by: You. Check your type of super fundLost and unclaimed super. find ATO-held super. Hi @AlCof93. Download this form – Application for payment of ATO-held superannuation money (NAT 74880, PDF 261KB) This link will. I am an Australian Citizen currently living in the UK. Lodge through Online services for business: attach the SGC statement Excel spreadsheet to a new secure mail message. However, it has been some time now and I still cannot see this balance under ATO held super in MyGov account. If you're suffering from a terminal medical condition and you have super held by us you can either: ask your provider to claim this. You must apply for a separate TFN as agent for foreign resident insurers. Your lost or unclaimed super may be held by your super fund (as a lost member), or by us as ATO-held super. The account with us uses your bank details if we ever need to process a refund to you, for example, if we had ATO-held super for someone and they were eligible for a direct payment of it, we would likely use the bank account details on record. Completing the paper application. Check out our Departing Australia superannuation payment (DASP) page. Your employer must pay SG contributions into your super account at least every three months. If you believe that you are the beneficiary of a deceased person's super or are the trustee of a person's estate, you should contact their super provider to let them know that the person has died and ask them to release the person's super. g. Thanks,. Our phones are working. date of birth. 3. When completing the ABN application, you should: ask for a tax file number (TFN). For each extra dependent child, add. I am trying to transfer the clients money from the ATO to their only super fund. Any ATO-held super – the ATO will proactively transfer this into your active super account if they can identify it. It is a legal requirement for rollovers to be processed electronically, using 2 components: a data message. ATO-held super includes unclaimed super money (USM) and super holding account (SHA). Staff are available M-F 8am -10pm and on the weekend 10am-4pm in your local state. Super withdrawal options; Retirement withdrawal -. QC 23234. Weird that you could see it but now there no record of it. You will need to provide certified copies of legal documents that are detailed on the third party applicant page and then complete a paper form application in order to apply for the ATO-held super. “This doesn’t mean your super is lost forever – far from it. You may apply to have your ATO-held USM transferred directly to your New Zealand financial institution if: you're 65 years or older, or; the amount is less than $200. I'm trying to apply for a delivery job and so I need an ABN first, I don't know what should I put for the "Position held", I put in Individual/Sole Trader but I'm not completely sure if that's the correct decision. The cheque is a little over $200, however what I am puzzled by is that when I logged into MyGov I can see that they are still holding another $1250 of unclaimed super. OP can either leave it at the ATO or move it to a new fund. posted 2016-Apr-17, 10:08 pm AEST. Hi, My bank recently transferred my low balance super to ATO by the due date of 31st October 2019 and have already sent me the transfer statement. visa holder status (if applicable) To find lost or unclaimed super, create a myGov account and link to the ATO. You don't need to do anything to receive a LISTO payment. Thanks for the additional info here!Application for payment of ATO-held superannuation moneyHow to apply for super held by the ATO online or by using the paper application form (NAT 74880). When you change super funds, you usually keep the existing insurance until the replacement policy is issued and your new cover is confirmed. Eligibility criteria, required evidence, what you need to do before applying to access super on compassionate grounds. 8%. How much you can contribute. New Zealand financial. Unclaimed Super Money) that we could be holding for you. our Client Identity Support Centre on 1800467033 (between 8. The ATO has identified over 37,000 SMSF members who have ATO-held super, according to a statement released last week. This includes amounts paid by employers, super funds, retirement savings accounts As. By clicking the ‘FIND MY SUPER’ button: I consent to smartMonday using my Tax File Number (TFN) to perform an ATO SuperMatch search to locate other super accounts in my name. For ATO-held super, use the Application for payment of ATO-held superannuation money (NAT 74880) and send it directly to us. retirement savings accounts (RSA) the government. Log in with your myGovID and RAM credentials to access your information and services. WATCH | D' ICT TALK | 20 November 2023Put simply, all compulsory Superannuation Guarantee (SG) contributions paid by your employer are taxed at 15% when they go into your super account. Hi @krmiller,. withdraw your ATO-held super and put it into your bank account if you meet certain conditions. Your super is for retirement, but you may be able to access it earlier on compassionate and other hardship grounds. Certain employer termination payments (ETPs) received by the fund before 1 July 2004 may also be included in this category of benefits. Just make sure your super fund has your tax file number (TFN).