As legislative protection, it seems to make sense to me to take some money out of super. If you are over 60 and in pension phase, then my understanding is that you will not have to pay any tax on the realised capital gains.
As you are both retired, you are able to earn a fair amount of investment income outside of super before you pay any tax.
Assuming there is no tax to pay in super, the only negative is transaction cost on buying and selling shares. But that does not seem a lot to pay to reduce your legislative risk on super.
My views only, not advice......
- Forums
- General
- what date
what date, page-7
Featured News
Featured News
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online