I had to withdraw nearly $200,000 from my term allocated pension in my SMSF this financial year. Better to have sold shares when the market is up as opposed to selling during a major correction. In selling the shares, there is no tax payable.
I have bought 500 CBA in my own name @ $126.85 & will not be selling within the 12 months period because of tax.
I have used the funds for better investments including cash in bank @ 5.15% at call, paid monthly.
CBA Price at posting:
$155.94 Sentiment: Sell Disclosure: Held
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