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I have 2 super accounts – A SMSF and a QSuper account, and have had good reasons for not consolidating them until now. Both are in TTR phase, and together they will be in excess of $1.6m. This may affect whether and where I contribute maximum concessional contributions in the next 2 years.
I will be lining up at my accountants for further advice, however I vaguely recollect reading somewhere that the taxation treatment of a SMSF is more favorable than an industry fund because of different tax credits and rebates etc. Is this correct?
It appears a tax may be paid on the earnings in either TTR and Accumulation now so could you please advise if there is in fact any difference and whether one would be better than the other to hold, either the TTR or the Accumulation account. Thank you in advance.
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I am 60, not working and have 110,000 in super. My husband is 61, self employed and earns around $40000 p/a, with only 100,000 in super. We own our home, as well as an investment property. When we sell, we would make around 300,000 capital gain.
Can we both put some of this in super and get a reduction on the capital gains tax? We know that we would get a 50% reduction in the gain because we have owned it for a number of years. Do we have to pay 15% contribution tax, and can we get a tax deduction if we put it into super?
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Can you please add some more detail missing from your model portfolios. Eg buy to position, do you advise sell points and stop loss settings?
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Thank you very much for your thorough analysis of the budget impacts on super. I am hoping that you maybe able to answer my question below.
I’m retired (genuinely not working) and currently 63 years young. I have all my super in pension phase and below the proposed $1.6m cap. I have maxed out on my NCC by being in excess of the $500,000 over the period from 1/7/2007 through to Budget night 2016. Is there anyway I can make concessional contributions to take advantage of the $35,000 per year between now and July next year?
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Paul, I want to buy an ETF listed on the NYSE. It is DBA. I was wondering if there could be an ASX listed ETF holding roughly the same basket of commodities: corn, coffee… and if you would recommend it. Also, could you please give me the code for the best gold ETF, in your opinion, trading on the ASX? Thank you.
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I am 62 and over the $1.6mil cap. I also receive a Defence pension of $32,000 under DFRDB. This pension is paid as income and taxable. Will this affect my cap?
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