My wife and myself have just started a SMSF
My current BT super investments include "Dimensional Strat International Equity" and "Dimensional Strategic Australian Equity" which consists of many unknown shares. We plan to sell the above and invest in direct shares in our SMSF.
My BT superwrap account is in pension phase as will be my share in our SMSF
I am meeting with our advisor this afternoon. Last week he mentioned capital gains of on the disposal of the "Dimensional Strat International Equity" and "Dimensional Strategic Australian Equity".
Originally Posted by late_start
So if you buy and sell shares inside your super account, do you pay any tax if you make any gain?
"It depends on whether your Super is in accumulation or pension phase, ie no tax in pension phase, 15% in accumulation"
Can someone advise if the sale of my existing Dimensional Strat International Equity" and "Dimensional Strategic Australian Equity" will be subject to capital gains which is in pension phase?
When I purchase direct shares in our SMSF and later sell them in pension phase, will my SMSF be subject to capital gains?
If yes, will the 12 months rule apply for 50% being subject to capital gains?
My wife is 62 and should her share of the SMSF be set up accumulation or pension phase? She does not work and has no income.