Lithium Related Media Articles, page-17917

Lol. We are the exact opposites. After we sold our home around 2017, we were able put extra money into our smsf under the bring forward rule, which allows you to make up to three years' worth of non-concessional contributions in a single year. I used most of that cash to shift LTR from our family trust into our smsf while it was cheap, believing this was a good strategy. The government had always told us to put as much as possible into super, right?

So now we have 3/4 in our smsf and 1/4 in our trust. I don't know whether the hassel of managing tax on unrealised gains is worth the small tax concession within super going forwards, particularly since you will lose the full effect of compounding your gains within super. If you are older than 60 and retired by July 2025 you have more choice, as you can just pull the money out of super. However, if you are younger than 60 you are stuck within super. If younger than 60, do you sell before July 2025, pay 10% capital gains tax before thae tax rate goes up, and move your money into bonds or other boring low interest paying low growth assets and keep your higher risk growth assets outside super?

This government's about face on super has done my head in.

What a soccer match. I almost couldn't watch towards the end. Go Matildas!

G