For a complete outline of the fees and charges that apply to each of Prime Super's membership categories, please see the appropriate product disclosure statement.
Taxation of super can be very complicated. The following summary is only a very broad and basic outline of how super is taxed, and does not take into account your individual circumstances. For a more detailed outline of how tax affects your super, you should read the PDS for the category of Prime Super that you are a member of, or consult a professional tax adviser. You may also phone the Australian Tax Office’s (ATO) Super Helpline on 13 10 20.
A tax of 15% is paid by the Fund (and deducted from your super account at the time the contribution is made) on:
Please note: No tax is paid on contributions you make from income on which you have already paid tax.
In May 2005, the abolition of the super surcharge was announced as part of the 2005–06 Federal Budget. The surcharge legislation was amended so the surcharge will not apply to any super contributions made, or termination payments received, on or after 1 July 2005.
The super contributions surcharge applies to certain super contributions made after 20 August 1996 and before 1 July 2005. The surcharge will still need to be paid for any liabilities that are raised for the financial years 1997–2005.
Please see the ATO website for further details.
The fund's investment income is taxed at a maximum rate of 15%.
Taxation of benefits is complicated, and your taxation position will vary depending on your individual circumstances (eg. it will depend on things such as when contributions were made, the size of your benefit, etc). You are strongly encouraged to seek professional taxation advice regarding the taxation of your super benefits.
Contact your local representative
The advice contained on the Prime Super website does not take into account your particular objectives, needs or financial situation. Before making a decision regarding the acquisition or disposal of a financial product, you should assess whether the advice is appropriate to your objectives, needs or financial situation. You may wish to make this assessment yourself or seek the help of an adviser. Prime Super takes no responsibility for you acting on the information provided. Any decision that you make is at your own risk. Before acquiring a financial product you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.
Issued by the Trustee: Prime Super Pty Ltd ABN 81 067 241 016 AFSL No. 219723 RSE Licence No. L0000277 Prime Super ABN 60 562 335 823; RN 1000276