5 urban myths about super changes

Graeme_Colley_142x141
Executive Manager, SMSF Technical & Private Wealth, SuperConcepts
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Much of the conversation about the superannuation reforms relates to reducing pension balances to a person’s transfer balance cap, resetting the CGT cost base for investments and making last minute contributions before the caps drop on 1 July. It is interesting to see that a few urban myths and misunderstandings have developed among some trustees and their advisers. In this article I will cover those myths about the transfer of amounts from retirement phase to accumulation phase to ensure the value of the relevant pensions remain within the person’s transfer balance cap.

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