Contribution splitting resolution - member exiting
Product type: Standard template | no legal review or advice
Price: $88.00
This template should only be used if the contributions to be split were made in the 2023/24 financial year and the member is exiting the fund before the end of the current financial year.
Note: If the contributions to be split were made in the preceding financial year, use the template “Contributions Splitting Resolution – Member Remaining Contribution Split”.
A member can request the trustee to split certain types of contributions made by or on behalf of the member. The contributions which can be split (called “taxed splittable contributions”) are generally contributions made by the employer of the member (including salary sacrifice contributions) and personal contributions made by the member for which the member is claiming a tax deduction.
Generally, only deductible employer and deductible personal contributions can be split. If the member wishes to split personal contributions, then ATO form NAT 71121 (Notice of intent to claim a deduction) must be completed and submitted to the trustee before the contributions can be split.
Review our Contributions Information Sheet for additional insights on contribution regulations.
For superannuation funds governed by non-SUPERCentral or non-Townsends Business & Corporate Lawyers governing rules, please review the applicable trust deed and governing rules to determine if the template is suitable for the Superannuation Fund.
Document set includes:
- Checklist
- Background notes
- Written resolution
- Acknowledgement and confirmation
© This document set provides a single use licence for one member - please submit a new set of instructions for an additional member.
For further information please make an enquiry or call the SUPERCentral Help Desk on 02 8296 6266