smsf employer contributions question, page-10

  1. 205 Posts.
    thanks for your replies.
    I have found out whats going on.
    I work for a state owned business and there is a clause in the award (which stupit me didnt know about) stating that all super contributions must be paid into the fund im in now and nothing else. Its one of the terms of my employment. Which i believe is stupit but what can u you.

    Here is the good news!!!!
    I just got off the phone to the fund im with now and i asked if i can roll over my super into my SMSF, and thats not a problem. The only clause is i have to leave $5000 at least at all times.
    It going to cost me $20 to roll the rest out, and i only have one rollover a year.
    I will just have to keep rolling it over every year. A pain i know, but the only other option is to leave my job, and im not going to do that, i love it to much!! :)

 
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