When you move your AustralianSuper super account or TTR Income account to a Choice Income account, you could be eligible to receive a tax saving called a Balance Booster.
How Balance Booster works
When you have a super account or TTR Income account, AustralianSuper sets money aside to pay for future capital gains tax when investment assets are sold. When you move from a super or TTR Income account to a Choice Income account, your balance is transferred to a tax free environment and you could be eligible to receive an additional credit to your account balance – a Balance Booster.
Seamless Transfer - Member Direct
If you have Member Direct listed investments with your AustralianSuper super account, you can maintain them when you retire with a Choice Income account, partial transfers are not possible.
By requesting a Seamless Transfer to Choice Income (download form) you don’t need to sell-down or re-purchase your investments, avoiding transaction/brokerage costs and market risk. If you hold term deposits that haven't matured, they will need to be broken prior to the transfer. This may result in a reduction in the interest rate and other penalties may be charged by the issuer
More importantly, by using Seamless Transfer, you won’t trigger a tax event and you will remain invested in the market during the transfer process.