How does eSuperfund compute share trading gains/losses for tax return? I am over 60 and retired. I know that gains in my pension is taxed zero while my accumulation account will be taxed at 15%.
Q1) For tax return, who needs to prepare the share transactions gains/losses? Is it the member like us or eSuperfund itself?
Q2) If eSuperfund prepares the transaction statement, does it use FIFO method? I have a complicated case with a member having a pension account and an accumulation account. For example, assume I own 200,000 FMG shares in my pension account and no cash. 2 months ago, I transferred $100,000 to my fund to set up (by default) my accumulation account. Over the last 2 months, I bought and sold many transactions of 10000 FMG shares (same share as in pension account). Are these shares transacted using FIFO method sequentially starting from my pension account and then my accumulation account? Or the transacted shares come from my accmulation account given that I have to use the cash from the accmulation account to buy 10000 FMG shares?
Q3) Anyone wants to answer this case....the situation is exactly the same in Q2 but the pension account has $10,000. Does eSuperfund take my $10,000 from my pension account and the remaining amount from my accumulaiton account as the money to buy my first 10000 FMG shares? What about the next buy/sell pair of 10000 FMG shares?
