Self managed super funds are subject to a 1/3 capital gains tax discount. However, a super fund in pension mode will not be subject to capital gains tax at all, so you might want to plan your asset disposals carefully.
To learn how to minimize paying unnecessary capital gains tax in your self managed super funds, contact Ben Collins for help on this matter.
Running a Self Managed Super Fund
The Superannuation Industry (Supervision) Act 1993 clearly states your rights and responsibilities as a trustee of a self managed super fund. It’s a good idea to have guidance on acting as a trustee, as the penalties for breaching the Act are very sever.
With appropriate guidance from McMurtrie Collins, you can rest easy. We will provide you with ongoing advise as to your rights and responsibilities as a SMSF trustee so you can concentrate on building your wealth to enjoy in your retirement.