QLD Is it possible to gift some of your super (10-15k) to a family member?

Discussion in 'Superannuation Law Forum' started by mtb, 10 February 2020.

  1. mtb

    mtb Member

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    Hi,

    Quick question for the experts. Is it possible to gift some of your super (10-15k) to a family member (mother)?

    Thanks for your response in advanced.
     
  2. Jacqui Brauman

    Jacqui Brauman Well-Known Member

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    If you have access to your super and are allowed to withdraw a lump sum, then yes you can gift whatever you like after that. Once it's withdrawn, it's your own cash to do whatever you like with.
    There are no gifting taxes. The only impact on you would be if you receive a Centrelink benefit, so check that first.
    You won't be able to transfer from your super account to your mother's super account.
    If you want to give your mother some super in the event that you die, you need to direct your super to be paid into your estate, and leave your mother a gift in your will.
     
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