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Virgin Super Contributions Splitting Application If you need help For assistance call Customer Care Team on 1300 652 770. STEP 1 COMPLETE YOUR PERSONAL DETAILS Title Mr Mrs Ms Miss Other Date of birth
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How to fill out virgin super contributions splitting

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How to fill out virgin super contributions splitting?

01
Log in to your Virgin Money Super account.
02
Navigate to the "Contributions" section.
03
Look for the option to "Split super contributions" or something similar.
04
Fill out the required information, including the percentage or dollar amount you want to split.
05
Provide the details of the recipient's super fund, including their name and account details.
06
Review the information entered to ensure accuracy.
07
Submit the form or follow any additional prompts to complete the process.
08
Keep a copy of the confirmation or receipt for your records.

Who needs virgin super contributions splitting?

01
Individuals who are in a relationship where both partners make contributions to their respective super funds.
02
Couples who want to even out their retirement savings by splitting contributions between their accounts.
03
People who want to take advantage of potential tax benefits or government incentives by dividing their contributions strategically.
04
Individuals who want to ensure a fair distribution of superannuation assets in case of a separation or divorce.
05
Couples who want to establish a retirement savings strategy that aligns with their goals and circumstances.

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Virgin super contributions splitting allows one partner of a couple to transfer a portion of their super contributions to their spouse's super account.
Any individual who wishes to split their super contributions with their spouse must file for virgin super contributions splitting.
To fill out virgin super contributions splitting, individuals must complete the necessary form provided by their superannuation fund and submit it before the deadline.
The purpose of virgin super contributions splitting is to help couples equalize their super balances and potentially maximize their retirement savings.
Individuals must report the amount of super contributions they wish to split, as well as their spouse's super account details.
The deadline to file virgin super contributions splitting in 2024 is typically June 30th of the following financial year.
The penalty for late filing of virgin super contributions splitting can vary, but individuals may face potential fines or missed opportunities to split their contributions for that financial year.
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