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TheCount

2,124 Posts.

333

26/02/22

20:45

Post #: 59846322
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Originally posted by cruiser51: ↑

Completely correct.

Taxation of Income and Realised Capital Gains in the SMSF after you commence a Retirement Phase Pension

As previously detailed the SMSF tax rate reduces to NIL on all income and realised capital gains made by your SMSF, when you commence a Retirement Phase Pension.
This means that all income and realised capital gains on your share of the SMSF, after the Retirement Phase Pension has commenced will be tax free.
However the amount of superannuation benefits that you can use to commence a Retirement Phase Pension is limited by the Transfer Balance Cap.

I thought I help IronAwe a little, lol.

It is just amazing how little people know about their own super and tax.

Maybe reading up on franking credits is helpful too, lol.

However...

Say if BHP would pay a SMSF, in pension phase, 70 cents dividends (out of $1 company profit), the SMSF get the 30 cents BHP has paid on the fund's behalf in company tax to the government, back as a franking credit, because the SMSF tax rate is NIL.

It was a big issue during the last federal election.

I could go on explaining The Transfer Balance Cap, but have things to do.

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Leave it at that friend, always leave them wanting more!!

Cheers,
TC.

AVZ Price at posting: 74.5¢ Sentiment: Buy Disclosure: Held
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