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Tax effective features
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Contribution tax payable only when due
Unlike many superannuation funds which deduct 15% tax at the time a contribution is made, Navigator deducts the 15% contributions tax annually (when it really has to). So your clients may benefit from having more money working for them, for longer. -
Tax determined at investor level
Some superannuation plans only pass on the benefit from imputation credits (credits for tax already paid on profits by companies in which shares are held) by applying the tax offsets at the fund level, whether or not every member is invested in the particular company that delivered the benefit. Navigator calculates and delivers the imputation credits that a member caused the fund to receive by choosing those investments, to that individual’s account. -
Capital Gains Tax & active tax parcel management
Most superannuation service providers work on the old fashioned first in first out (FIFO) basis for selling investment units or shares. Using Navigator you can indicate the parcel of shares/managed funds you want to sell, which may not necessarily be the first ones purchased. -
Contribution Splitting
Couples can access more of their super money sooner, and may save tax as the superannuation withdrawals are taxed concessionally or tax free after age 60 after 1 July 2007, when the Federal Budget 2006 changes were implemented.
With Navigator there is the option to contribution split by asset assignment so the originator’s capital gains tax cost base continues for the recipient. -
Portability with Navigator Access – no tax, no transfer costs, no time uninvested
Streamline your clients’ Navigator superannuation as their lives and needs change. Transfer your client’s Navigator Access Investment options to Navigator Personal Retirement Plan. Their portfolio remains fully invested at all times and they’ll pay no CGT, Stamp Duty or buy/sell spreads. -
In specie transfers into super
Navigator can accept in specie contributions into the Navigator Personal Retirement Plan. This includes transfer of investors’ existing holdings in any of the investment funds and shares currently offered by Navigator without selling the underlying investments. -
Capital Gains Tax free transfer to pension
All investment products purchased in a Navigator superannuation account are transferred across to the Navigator pension service as they are, without selling and buying them again. This means your clients’ superannuation does not have to pay any Capital Gains Tax, other costs, or suffer Buy/Sell spreads on retirement. -
UK pension transfers
Navigator is one of only a few Australian super funds to achieve 'Qualifying Regulated Overseas Pension Scheme' (QROPS) status. This means that the Navigator Personal Retirement Plan can accept UK pension fund transfers. -
Anti-detriment payments
With Navigator, if your client dies while a member of the fund, eligible dependants* may receive a refund of the tax paid on contributions.
*some dependants who can receive a death benefit are not eligible for this provision