SMSF pensions: Watch out for a shock (ing) tax bill on fund assets
During 2010, SuperGuide published a response to a question from a reader. The reader asked: what was the tax status of a pension account (not the benefits paid out, but the actual account) after a self-managed super fund member died?
SMSFs: Selling a property asset
Q: If my self-managed super fund (SMSF) owns an investment property, and the SMSF later sells the property, what is the amount of capital gain tax payable by the SMSF?
SMSFs: Taking lump sums from accumulation account
Q: With a SMSF with two members both having accumulation and pensions, when you draw down pension amounts the drawdown amount reduces the pension balance in accordance with the concessional/non concessional percentages and any super contributions go into the accumulation account.
