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The H-S is saying that this fund will not pay 30% tax until it...

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Old Engineer

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01/03/23

16:37

Post #: 66542812
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Originally posted by sholtz: ↑

Assuming a 2 member SMSF has $6m and is in pension phase after this FY.
7% return will have tax payable in the amount of $23,100 leaving you with $396,900.
$3.8m is tax free with the $2.2m taxed at 15%.

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The H-S is saying that this fund will not pay 30% tax until it exceeds $9.8M= tax free 2 x$1.9M plus 15% tax on 2 X $3M.

In other words, the funds in pension phase are not part of the $3M cap.
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