You don't have credit card details available. You will be redirected to update payment method page. Click OK to continue.
You need to be a full subscriber to access this feature of the Switzer Super Report. Click here to upgrade your subscription or read recently answered questions below
We are considering putting our SMSF into pension phase. Having reached the preservation age, we both resigned from our previous permanent full-time positions over a year ago and intended never to be employed in the future for more than 10 hours per week.
However, very, very occasionally, my wife will do a day’s work. On only a few occasions in the last year did it amount to more than 10 hours per week, and only by a few hours in total. We are a bit confused by the “not working” requirements to start an account-based pension. If she is needed, she may work 2 or 3 10-hour days in one week, and then may not work for several months.
How exactly does the “working” requirement operate?
Take a free trial or log in to read answer
Could you please advise me that when I turn 55, and have a SMSF, the income from that SMSF will be only taxed at 15%?
Take a free trial or log in to read answer
I have some hybrids in my super portfolio (ANZPD, ANZPE and ORGHA).
Why is there suddenly a change in their perceived value?
Should I expect them to go lower, or come back – and should I sell, or buy more?
Take a free trial or log in to read answer
Much is said about pensions being paid when one has APB. However, what information are you putting forward as to how the balance in the APB is counted toward the assets test?
Take a free trial or log in to read answer
I have about $75,000 in cash in my SMSF and have a Medibank policy, and registered for the upcoming IPO.
How much of this do you think I should allocate to Medibank versus other stocks (CSL, WOW, RESMED, AMC. TLS etc.) that seem to be good buys at this time due to the correction?
I am presently underweight in health stocks.
Take a free trial or log in to read answer
I have a question regarding the benefits of “pension” versus “accumulation” phase for our SMSF.
My wife and I have both reached our preservation age, and have both retired permanently from the workforce. Our only income is from a small share portfolio held outside our SMSF. The income is below the tax threshold, so no tax is paid on the earnings. We sell down some shares if we need extra money to live on.
Our SMSF however, is paying 15% tax on earnings, and that is going to be much more than we are paying outside of super. Would there be any advantage in selling off our existing portfolio and contributing it to our SMSF (within the statutory limits of course) and then converting to pension phase?
Take a free trial or log in to read answer
