Hi JWS - I stated earlier that I pay zero tax on any profit accrued in my SMSF but each case is different according to the individual's situation.
I personally have retired and I have advised ESuper to convert my SMSF to a SIMPLE PENSION and once that was done there is NO tax payable on anything and I can continue to buy and sell shares to my hearts content and the tax free situation does NOT change.
Your situation is probably different and a tax rate may well apply - you need to go to whoever is managing your SMSF and ask and if you don't have an SMSF and you want one, my advice is to go to/switch to "ESuper" in Melbourne - they are absolutely first rate and a pleasure to deal with and only $600 a year to do your tax return which is very inexpensive and it is a piece of cake to complete (well after the first one it is LOL) I have been with them for about 5 years and I have never regretted joining them.
Hope it helps JWS - you have my email mate - rip one to me if you have more Q's.
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