Hi All.
If you have 1.6m in pension mode and this earns 6% (96k) for the year, then taking into account compulsory 4% drawdown (64k), am I correct to assume that the 32k leftover stays in the pension account, or must it go into an accumulation account?
If it stays in the pension account, does that men that if this account earns 6% again the next year, it is based on 1,632,000 not 1.6m?
Look forward to responses. Thanks
- Forums
- ASX - General
- 1.6M Super Pension Cap Questions
Hi All.If you have 1.6m in pension mode and this earns 6% (96k)...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online