Nucleus Wealth offers all investment portfolios through personal superannuation.

Once aboard, Nucleus Wealth sends you a prefilled form to give to your employer, where we can accept additional contributions much like any other fund.

Onboarding to create the client’s Nucleus Wealth superannuation account is easy and paperless, and the platform takes care of the rollover from your previous superannuation fund electronically.

We offer two different versions:

DASH

This is our low-cost superannuation option.

• This is best for lower balance (below $150,000) superannuation accounts
• Cost-effective solution for higher balances who prefer ETFs rather than direct international.
• Administration fees: 0.385% for the first $500,000. 0.035% thereafter.
• Trading fees: 0.11% 

Praemium Super SMA

• Best for mid-balance ($150,000-$300,000) superannuation accounts who are looking for more investment options
• Best for higher balance ($300,000+) superannuation accounts.

The fee structure is more complicated. See below for an indicative table showing the tiers, or log-in to our portal so we can generate a quote for you based on your balance and show the full costs.

Note that these instructions are for any accounts except personal superannuation. 

1. Log in to our onboarding portal
2. Click on "Your Account(s)"
3. Find the account that you wish to withdraw from. Under this account, there is a "manage withdrawal"  button
4. Click "Create New Withdrawal"
5. You will have the option to do either a partial or full withdrawal

Superannuation money can only be withdrawn under a number of specific circumstances. Please contact us if you have a specific need

If you are changing to a new fund

You may request a rollover from your new fund. You are not required to contact us.

If you are in pension phase

Please contact us to set up a regular withdrawal process.

If you are claiming hardship or special circumstances

We will need you to fill in a form from the platform you are invested on. Please log in to https://portal.nucleuswealth.com and then click on the "forms" link.

Note that these instructions are for any accounts except personal superannuation. 

1. Log in to https://portal.nucleuswealth.com
2. Click on "Your Account(s)"
3. Find the account that you wish to withdraw from. Under this account, there is a "manage withdrawal"  button
4. This page has a list of withdrawals in progress or that are completed. Click on "See details" for the withdrawal that you want.
5. There are 8 stages that we show:
   • Date Requested: Date you submitted the request
   • Date Trading Instruction Given: Date the trading platform confirmed your instructions
   • Date First Traded: Date of first stock trades to sell down your holdings into cash. Note that for larger withdrawals, trades may occur in multiple international markets, and public holidays may play a factor in delaying the settlement of some transactions
   • Date Trading Complete: Date that all trades are completed.
   • Date First Settled: Date that your trading account received the first cash from your trades. If you are closing your account, there may be dividends which companies are yet to pay which will delay the final reconciliation.
   • Date Settlement Complete: Date that your trading account received the all cash from your trades. If you are closing your account, there may be dividends which companies are yet to pay which will delay the final reconciliation.
   • Date First Transferred: Date that your investment account first transferred the trade settlement funds to your bank account. Typically within 7 days. These funds exclude any dividends or income yet to land in your account.
   • Date Transfer Finalised: Date that your investment account has received all cash from your previous holdings. If you are closing your account, there may be dividends which companies are yet to pay, which can delay the final reconciliation for a number of weeks.

Nucleus use a number of different platforms. Depending on the platform and the investment type, closing the account will vary.

1. Superannuation Accounts

1.1. Moving to a different fund:

You will need to request a rollover. You can do this from your new fund, which will then send the request to either Praemium or DASH. 

1.2 Withdrawing all funds into your own account:

There are different reasons you can have to withdraw money from superannuation accounts. You will need to fill in a form and submit this to the platform.

Note that you may want to convert your account to a pension account first in order to save on tax.

See here (under "Praemium Super" then click the forms tab) for Praemium forms.

See here (under "Super Simplifier Forms") for DASH forms.

2. Non-Superannuation Accounts

2.1. Selling all stocks and withdrawing all money

Use the instructions above "How can I withdraw money" and choose "full withdrawal".

By default this will close Praemium accounts.

For Interactive Broker accounts, once you have received the money you can opt to remove Nucleus as an advisor (see 2.2 below) or close the account from the settings menu. 

2.2 Moving the account to another advisor or to control it yourself

For Interactive Brokers:

• Log into your account
• Click on the "head" button then settings
  
• Click on Manage Account Linking and then follow the instructions
  

For Praemium:

 See here for Praemium forms.

2.3 In-specie Transfer of stock

If you want to transfer all of your shares to a different platform, send an email to contact@nucleuswealth.com and we will contact you about the process. 

Most accounts will allow shares to be transferred from another broker so that it doesn't create a capital gains event. In some personal superannuation cases it may not be possible.

Typically international shares and Australian shares will be transferred separately and there will not be any cost at the receiving end.

Below are some screenshots to show how this would typically occur at one of our platforms, Interactive Brokers:

Praemium or DASH

INSERT instructions

Interactive Brokers

INSERT instructions

Both larger-balance accounts or aggregated family accounts are eligible for administration fee discounts. The discounts apply on a progressive basis, so different portions of balances attract a different level of fees. 

Nucleus use different platforms, each platform has different levels where family discounts apply or a capped fee. You can apply for family group aggregation through the "Administration" section once you log into your Nucleus account.

DASH
DASH administration fees cap at a combined $500,000 for individual accounts or for a combined family unit of up to 6 members at $3,630 per annum. These 6 accounts can be of any type (super/investments/pension) and belonging to either one person or multiple family members. 

Praemium
Praemium’s administration fees cap at a combined $2,500,000 for individual accounts or a combined family unit of up to 6 members. These 6 accounts can be of any type (super/investments/pension) and belonging to either one person or multiple family members. 

Nucleus try to minimise the fees for trading.

On Interactive Brokers or DASH, there are no fixed fees for trading and so Nucleus will progressively trade any deposits that you make. 

On Praemium there are minimum amounts per share, and so:

• When you initially fund your account at Praemium they will wait until the funds in your account are equal to, or greater than, the initial investment total you specified in our onboarding process. Once your account gets to this amount, Praemium will send all your money off for trading in one go.
• For ongoing investments, Nucleus minimise the trading by limiting the amount that you will trade on each security.  
• If you would like to make additional contributions to your account, and plan to do so in multiple instalments close to each other, give us a call to discuss the best way to do this and make sure we can help you minimise your trading costs. 

Nucleus Wealth offers all investment portfolios through personal superannuation.

Once aboard, Nucleus Wealth sends you a prefilled form to give to your employer, where we can accept additional contributions much like any other fund.

Onboarding to create the client’s Nucleus Wealth superannuation account is easy and paperless, and the platform takes care of the rollover from your previous superannuation fund electronically.

We offer two different versions:

DASH

This is our low-cost superannuation option.

• This is best for lower balance (below $150,000) superannuation accounts
• Cost-effective solution for higher balances who prefer ETFs rather than direct international.
• Administration fees: 0.385% for the first $500,000. 0.035% thereafter.
• Trading fees: 0.11% 

Praemium Super SMA

• Best for mid-balance ($150,000-$300,000) superannuation accounts who are looking for more investment options
• Best for higher balance ($300,000+) superannuation accounts.

The fee structure is more complicated. See below for an indicative table showing the tiers, or log-in to our portal so we can generate a quote for you based on your balance and show the full costs.

There are different ways to make concessional contributions:

1. Salary Sacrifice through your employer

You do this by contacting your employer. They will make pre-tax contributions, and you do not need to notify us.

2. Transferring money from your bank account to your super

When you do this you have the option of making either

1. A non-concessional contribution where there is no immediate tax benefit for you. This is the default, and if we don't hear from you we will assume that your contribution is non-concessional
2. A concessional contribution where there is a tax benefit. In this case, you will deposit money and then claim a tax deduction. You will need to inform Nucleus by emailing us at contact@nucleuswealth.com when you make this type of payment. 

1. Go to my.gov.au and login.
2. Go to the Australian tax office
   

3. Select Super -> Information -> Carry forward concessional contributions

4. Select the year and see your contribution:

Note that the information may not be fully up to date and relies on your superannuation funds reporting.

It does show the calculation, but you should also maintain your own records, particularly if you have a self-managed fund or multiple superannuation accounts.

Note that this is the typical situation for Australian taxpayers. Please speak to your tax adviser about your own situation. If you are a taxpayer of a different country, there will be different rules—particularly for US citizens.

Tax on Income/Dividends

There is no requirement for you to file tax returns in other countries. Many countries will tax dividends (before you receive them) with a withholding tax. This is reported to you each year and you can claim it to avoid double taxation - similar to franking credits.

For superannuation investors, you do not have to do anything as the superannuation platform does your tax for you.

For everyone else, you will receive an annual tax statement that shows you which item to put the values. See example below:

Capital Gains

Capital gains on international shares are treated the same way as capital gains on Australian shares. 

Most accounts will allow shares to be transferred from another broker so that it doesn't create a capital gains event. In some personal superannuation cases it may not be possible.

Typically international shares and Australian shares will be transferred separately and there will not be any cost at the receiving end.

Below are some screenshots to show how this would typically occur at one of our platforms, Interactive Brokers: