More about Asgard eWRAP – Super/Pension
Other features of your Asgard eWRAP Super Account include:
Transfer from Super to Pension
You can easily transfer part or all of your benefits from an Asgard eWRAP Super Account to a tax-effective Asgard eWRAP Pension Account.
When you transfer from an Asgard eWRAP Super Account or Asgard eWRAP Pension Account to a new Asgard eWRAP Pension Account, we can transfer investments without selling them, so there is no disposal for capital gains tax purposes (super only) and no charges associated with buying and selling investments. For the conditions that apply to these transfers refer to the eWRAP - Super/Pension PDS.
Choice of Fund
Your eWRAP Super Account is part of a complying super fund under ‘Choice of Fund’ legislation. We can accept any super contributions that you ask your employer to pay us (if you’re eligible).
eWRAP Pension Accounts
Other features of your Asgard eWRAP Pension Accounts include:
Access to benefits
- Allocated Pension Account - with an allocated pension you can adjust the amount of your regular pension payments to suit your needs*. You can also choose the frequency of your pension payments - either monthly, quarterly or annual payments. And you can take all or part of your benefits as a lump sum payment. *Note: This depends upon how much money you have in your Account and is subject to limits set by legislation.
- Term Allocated Pension Account - with a term allocated pension, your total pension payments for each year are based on the remaining term of your pension. Payments can be made to you on a monthly, quarterly or annual basis. You can only withdraw (commute) your term allocated pension in limited circumstances.
Investment earnings in eWRAP Pension Accounts are free of tax.
You will also receive the full value of any available franking credits on the managed investments and shares that fund your pension.
Transfers between Pensions
You can transfer part or all of your benefits from an existing Asgard eWRAP Pension Account to another eWRAP Pension Account without selling down your managed investments, which can eliminate transfer costs.