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09:32
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Originally posted by boydie63
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I am about to receive a for me large sum of money from the stockmarket.As i am getting older i want less stress and no stockmarket dramas.Many years ago i had a managed funds but what caused me to sell was i would get a yearly report showing either a capital loss or gain that had to be included in tax return.This i received well after end of tax giving me no time to mitigate result with a capital losing stock sale.Now my super conservative son has a few index funds,do they do the same as regards a yearly statement?also he reckons on average around 7% but how if they buy the index(VAS) not all companies pay a divi into the kitty and certainly not 7%,off course the other option is term deposits 4.1% gross taxable at tax time.Many thanks in advance for any replies.
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you may need some advice from an accountant or financial planner. Any income earnt outside super will be taxable, but if you earn under the tax free threshold you won’t be liable for tax.
