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You're wrong on the first calculation. Tax would be no where...

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Hittman

3,746 Posts.

344

16/05/23

13:54

Post #: 67799860
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Originally posted by Golden Fleece ↑

I would love to know the details of how exactly this will work

June 30 in year 1 my super is in accumulation phase with exactly 3mil at market value ie 15% tax on the earnings for the year

June 30 in year 2 my super is in accumulation phase with 3.3 mil at market value due to unrealised gains and employer contributions ie tax at 30% on 300,000 ie $90,000 in tax

June 30 in year 3 the stock market has crashed and my super is only worth 2mil due to unrealised losses but I don't get any of my 90k in tax back

So friggin wrong; I would like to meet the genius who came up with this idea

If I have got it wrong; please correct me

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You're wrong on the first calculation. Tax would be no where near $90k

Yes, you don't get your money back however losses are carried forward and used against future gains.
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