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I have a question regarding clarification of a spouse under the superannuation act.
I know that a spouse under ATO is a person who you are in a relationship with even though not legally married. We are not married, however have been in a relationship for many years and wanted to confirm if we will be treated as a spouse for the purpose of being able to make use of the superannuation downsizer contribution as a result of my partner selling a property.
We are in our mid seventies and are thinking of closing our SMSF and having a managed fund in lieu. What is the cost of closing our SMSF (assuming we need to)?
Any advice on choosing a managed fund? Cubs has been suggested.
What is the range of fees that would be charged?
We have about $1.5m in shares, hybrids, LICs and cash, and hoping for an income of about 85k with minimal draw-down of our capital.