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SuperannuationRecontribution strategy
Aon Hewitt Financial Education SeriesWhat is a recontribution strategy?
A recontribution strategy involves withdrawing all or a portion of your super as a lump
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What is re-contribution strategy?
Re-contribution strategy is a plan to re-invest funds into a retirement account after withdrawing them.
Who is required to file re-contribution strategy?
Individuals who have withdrawn funds from a retirement account and wish to re-invest them are required to file a re-contribution strategy.
How to fill out re-contribution strategy?
To fill out a re-contribution strategy, individuals must detail the amount withdrawn, the source of the funds, and the intended timeline for re-investment.
What is the purpose of re-contribution strategy?
The purpose of a re-contribution strategy is to ensure that funds withdrawn from a retirement account are properly re-invested to maintain tax advantages.
What information must be reported on re-contribution strategy?
The re-contribution strategy must include details of the original withdrawal, the timeline for re-investment, and any tax implications.
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