More about Asgard Elements - Super/Pension
Other features of your Asgard Elements Super Account include:
Transfer from Super to Pension
You can easily transfer part or all of your benefits from an Asgard Elements Super Account to a tax-effective Asgard Elements Allocated Pension Account.
We can transfer eligible investments without selling them, which means there is no disposal for capital gains tax purposes (Super Account only) and no charges associated with buying and selling investments. For the conditions that apply to these transfers refer to the Asgard Elements Super/Pension PDS.
Choice of Fund
Your Elements Super Account is part of a complying super fund under ‘Choice of Fund’ legislation. We can accept any Superannuation Guarantee contributions that you may ask your employer to pay us (if you’re eligible).
Elements Pension Accounts
Other features of your Asgard Elements 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 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.
Tax credits
Investment earnings in Elements Pension Accounts are free of tax. You should also receive the full value of any available franking credits on the investments that fund your pension.Transfers between Pensions
You can transfer part or all of your benefits from an existing Asgard Elements Allocated Pension Account to another Asgard Elements Allocated Pension Account without selling down your managed investments. This can eliminate transfer costs.