Goldi I know you're planning much of your current decisions around the proposed taxing of unrealised capital gains on super. However they have to get this over the line and part of me believes they'll struggle. Don't forget some of the most influential people are the wealthiest so Chalmers will have plenty of resistance here. Consider how your decisions would be should this never eventuate. And even if this tax does eventuate is it even worth worrying about by setting yourself up to struggle now unnecessarily. You're cashed up so why not enjoy it while you're about to start retirement life?
The law is proposed to begin measuring from July 2025 so by the time you would need to pay any tax on gains from that particular time frame you'd be rolling in an absurd amount should we continue to have ownership. Yes, the tax would be unfortunate and you may need to sell a portion of your wife's holding but what if it never gets passed? If it does deal with it. You'll still be ridiculously wealthy at that point in time, and you can't take it with you.
I've got a chunky portion in my SMSF (not quite the size of your wife's) but I'm not letting it bother me because A: I don't have your options, but B: My holding in super is more of a bonus amount that has grown substantially and will continue to grow so I appreciate what's there and will pay the tax if I have to and still be happy with such wealth that most would only dream about. And C: This proposed tax is so flawed and laughable that I'd be surprised if it gains any real momentum.
Just my 2 cents mate, with your best interests in mind.
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