3% Cashback on Qualified Net Deposit (US$30,000 Cap) for Eligible Self-Managed Superannuation Fund Participants @ eToro

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3% Cashback on Qualified Net Deposit (US$30,000 Cap) for Eligible Self-Managed Superannuation Fund Participants @ eToro
Go to Deal
Cashback
Ultramup on 02/07/2025 - 23:05 etoro.com (275 clicks)
Last edited 03/07/2025 - 11:24 by 1 other user

Seems like a different type of deal.

Eligible Participants will receive a cashback of 3% of their Qualified Net Deposits, up to a cap of USD$ 30,000 per Eligible Participant. The cashback will be credited to the participant’s SMSF account within 3 months from their Minimum Deposit.

Funds used to qualify for the cashback must remain invested in the SMSF account for a minimum of 12 months from the first-time deposit date. Any withdrawals during this period may result in the cashback being reclaimed by eToro.

eToro Referrals

Referral: random (93)

Referrer gets either US$50USD, US$100 , US$200 or US$500 depending on their profile level. Referee gets US$10 in BTC. Max 10 referrals.

Financial Cashback Self-Managed Superannuation Fund Superannuation

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Comments

  • jv on 03/07/2025 - 00:07
    -4

    get 3% back on initial SMSF deposits

    and then Albo will take it away………

    • mr_asstight on 03/07/2025 - 00:44
      +1

      then become a politician or a judge, you won't get hit with unrealised cgt

      • jv on 03/07/2025 - 00:45

        That seems to be the only way…

        How do we apply to get a job as PM ?

        • CandyMan on 03/07/2025 - 06:51
          +3

          Apply backstabbing techniques

    • mrvaluepack on 03/07/2025 - 08:40
      +2

      how? you currently have more than $3mil in your super?

    • suti1 on 03/07/2025 - 11:18
      -1

      https://www.superannuation.asn.au/media-release/asfa-fact-sh…

      On 30 June 2025 Jill’s Total Superannuation Balance (TSB) was $3.0 million and $3.1 million on 30 June 2026.

      The Division 296 tax amount is calculated by first multiplying the superannuation earnings of $100,000 by 3.236 per cent, which is $3,230. That amount is then multiplied by the 15 per cent tax rate, leading to a Division 296 tax amount of $485.

      An extra $485 tax for someone who has $3.1m? That's an extra tax of 0.0156%

      • jv on 03/07/2025 - 11:30
        -2

        Is Jill a dependant of Albo? If so, he might exempt her…

        • suti1 on 03/07/2025 - 12:46
          +1

          you've been reading too much crap. Politicians get taxed as well

          Pedro, retired male MP

          Pedro retired from Parliament in May 2025 after many years of service, including as a Minister and Shadow Minister. Due to his date of entry to Parliament he qualifies for a defined benefit pension which he started to receive from May 2025. He has informed the fund trustee that he has a spouse. He is aged 55 as at 30 June 2025.

          In the 2025–26 income year Pedro received benefit payments of $250,000.

          The trustee of the fund has used the Family Law valuation method to determine a Total Superannuation Balance (TSB) of $5,985,450 on 30 June 2025 and a closing balance of $6,070,560 as at 30 June 2026. The closing balance reflects a lower valuation factor due to the member being one year older but there is also an increase in the benefit paid, which for the purpose of this illustration is indexed by growth in average earnings of 3.5 per cent.

          Pedro’s adjusted TSB at the end of the year is calculated to be $6,320,560 by adding his total withdrawals of $250,000. His calculated superannuation earnings for the year are $335,110 (the difference between $6,320,560 and $5,985,450).

          The percentage of taxable earnings over $3 million is calculated by subtracting $3 million from $6,070,560 and then dividing it by $6,070,560, resulting in a percentage of earnings attributable to the balance over $3 million of 50.58 per cent.

          The Division 296 tax amount is calculated by first multiplying the superannuation earnings of $335,110 by 50.58 per cent, which is $169,498. That amount is then multiplied by the 15 per cent tax rate, leading to a Division 296 tax amount of $25,425 from $335,110 in earnings.

          • jv on 03/07/2025 - 13:39
            -1

            @suti1:

            you've been reading too much crap. Politicians get taxed as well

            Albo is exempt from his new super tax, even though he will collect close to $10,000,000 in super over 20 years.
            If he dies before then, his wife will still be getting tax payer funded super…

            This is in addition to any super he accumulates if he gets another job.

            • suti1 on 03/07/2025 - 16:02
              +1

              @jv: he is not exempt from the tax. people in defined benefits schemes will pay the tax when they start taking their pension payments or lump sums.

              • jv on 03/07/2025 - 16:09
                -1

                @suti1:

                he is not exempt from the tax.

                He sure is…

                Won't pay a single cent whilst getting way, way more super than most of the people he is stealing money from, even though Albo himself is not contributing a single cent to his own super…

  • tunzafun001 on 03/07/2025 - 00:45

    $30k would be the biggest cashback on OZ B… ever!!

    How does one take funds back out of a SMSF in 12 months (unless just about to hit retirement age)?

    • jv on 03/07/2025 - 00:48

      How does one take funds back out of a SMSF in 12 months (unless just about to hit retirement age)?

      Very quickly, just before your flight to Majorca leaves…

  • relicsinner on 03/07/2025 - 00:47

    They prob meant you have to keep the funds on etoro as you can simply move the funds to another exchange.

  • mandelbrot on 03/07/2025 - 03:14
    +9

    Etoro uses a custodian model, not chess. I wouldn't trust my large amounts of funds in SMSF to a custodian broker.

    • mrvaluepack on 03/07/2025 - 08:48
      +3

      Australia is the only country in the world that uses chess. Everywhere else uses custodian.

      If you own any ETF shares, the ETF provider will be using a custodian model anyway.

      In saying that, this mob is dodgy as and I would steer clear.

    • Zeph101 on 03/07/2025 - 09:16

      Also note, that most SMSF auditors would be requiring that the stockbroker have audit reports to confirm that everything is above board.

      Brokers such as Macquarie, Morgans, BT Panorama, usually no issues getting them, but when it comes to O/S brokers bit hit and miss and the auditor can qualify an audit if they can't verify holdings.

  • Loki556 on 03/07/2025 - 03:58

    “ Open a new SMSF account with a minimum of USD $10,000 between 1 June 2025 and 31 December 2025. ”

    You forgot the conditions

  • mrvaluepack on 03/07/2025 - 08:40
    +4

    Super dodgy provider - I wouldn't trust this mob with my money.

  • ranma241 on 03/07/2025 - 09:09

    if only it's available for individual investors.

  • cornucopia on 03/07/2025 - 09:46

    Dodgy Super 'financial advice' is in the (bad) news today ..😢 .. .. …………….

  • matwming on 03/07/2025 - 09:56

    what if you already have a SMSF? they did not mention any of that.

  • repeat on 03/07/2025 - 10:27
    +2

    It looks like a CFD shop. For super?
    What's next, SMSF pokies and sports betting?

  • pennypacker42069 on 31/07/2025 - 05:57

    eToro has very high fees/spread. You would probably lose money for this offer

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