Yes, $3m per account which because we have two equal value accounts could add up to $6m. The proposed 30% tax rate, in accumulation mode (no tax in pension mode), is applicable on the proportion of assets above $3m. So, for example, with $3.1m in assets, the 30% applies to the income derived from $100,000 - not the full $3.1m.
I have to admit I'm not that comfortable with tax on unrealised gains. Interestingly, the ATO currently has rules for taxing unrealised gains - if you elect for it, which I can imagine there could be a circumstance where it might be advantageous.
Yes, $3m per account which because we have two equal value...
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Last
$179.09 |
Change
-0.320(0.18%) |
Mkt cap ! $299.2B | |||
| Open | High | Low | Value | Volume |
| $179.00 | $179.28 | $178.02 | $41.05M | 229.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37 | $179.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $179.10 | 312 | 1 |
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| Last trade - 11.28am 17/06/2025 (20 minute delay) ? |
| CBA (ASX) Chart |