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I was under the impression pension mode means tax free mode so...

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uraniumu308

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18/07/16

22:00

Post #: 18301875
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Originally posted by hollandpark ↑

Correct me if I'm wrong but if you are in pension mode you would need to pay the discounted CGT on the excess $150 000 (10% or $15 000) and roll this back into an accumulation fund where it would be taxed at 15% on future earnings. If you are in transition to retirement then now you would be charged the discounted CGT on the whole lot ie a whole 10% or $175 000. Never would I describe someone in either scenario as "stuffed".

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I was under the impression pension mode means tax free mode so pension phase is no longer TAX FREE?
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