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Investments from overseas

Investments from the United Kingdom

The Fund is a Qualifying Recognised Overseas Pension Scheme (QROPS) and is eligible to receive benefits transferred directly from a United Kingdom (UK) pension scheme or from an Australian superannuation scheme that contains benefits previously transferred from a UK pension scheme on or after 6 April 2006 (‘UK transfer amounts'). The Fund's QROPS reference number is QROPS501155.

UK transfer amounts paid into the Fund are subject to the standard superannuation contribution acceptance rules and tax laws applying to transfers from foreign superannuation schemes (refer to the Contributing to superannuation and the Taxation sections for more information).

A QROPS fund satisfies certain UK legislative requirements to report specific information to Her Majesty's Revenue and Customs (HMRC) Office in the UK in respect of certain individuals who have transferred UK transfer amounts to the Fund. In order to meet those requirements, we may need to confirm your UK residency status as is applicable at a future time.

You may also have a personal obligation to declare certain UK transfer amount information to HMRC, who will determine any UK tax or charge relating to a UK transfer amount. You are personally liable for any UK tax or charge that relates to these amounts.

UK pension schemes can be complex. Accordingly, we recommend that you obtain appropriate expert advice about your UK pension scheme before deciding to transfer benefits from the scheme to Australia. For example, we recommend that you obtain advice regarding any rights, entitlements or guarantees associated with your overseas pension interest. We do not offer any guarantees in respect of amounts that you choose to transfer to the Fund.

If you are investing a UK transfer amount from either a UK pension scheme or from an Australian superannuation scheme, you must complete the Application for a UK transfer amount form.

Investments from other countries

Contributions or transfers received in foreign currency, or in Australian dollars from an overseas financial institution may be subject to delays in settlement and clearance. Please note that we may be unable to process your application until you have completed, and we have received, all relevant application requirements, including your cleared contribution or transfer in Australian dollars. It may be important for your own taxation purposes (under Australian or foreign law) to ensure that transfers are completed and amounts received by us within a particular financial year. Speak to your adviser for more information.

Incidental fees may apply to foreign currency amounts invested into your account. In limited circumstances, we may be able to arrange currency conversion, which will take place at market rates.

Transferring a tax liability to the Fund

In some cases, you may elect to transfer all or part of your personal Australian tax liability in respect of a transfer of benefits from an overseas superannuation scheme to the Fund. In order to make this tax election you must no longer have an interest in the foreign superannuation fund immediately after the transfer is received by the Fund and you need to complete a Tax payable on a foreign super transfer form (available from your adviser) within either 30 days of the overseas transfer being received by the Fund or (if applicable) prior to the commencement of a pension, whichever is earlier.