If the SMSF is paying a retirement income stream to members, the fund may pay even less tax according to the ATO. This is because SMSFs can claim an exemption for income generated by assets used to pay a superannuation income stream, taking the effective tax to nil. If all of the members in an SMSF are in retirement phase (no ‘accumulation’ accounts) and being paid a pension by the fund, the ATO says the fund will pay no tax on any capital gains, regardless of how long the asset has been owned.
RCE Price at posting:
$1.68 Sentiment: Buy Disclosure: Held
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