Q: Given that in pension phase income is exempt from tax, I’m wondering about the pros and cons of entering into pension phase with accumulated losses for capital gains. Does it matter at all?
A: So, this is a really current topical, relevant question that’s been asked, especially with the proposal around the $3 million super cap and higher earnings on bounces above that. Now, I need to start this off with a quick disclaimer that what I’m about to cover is general information only. It’s how the laws are written, not necessarily how they apply to you or your fund. You need to sit down with your accountant or your fund administrator and work out how they deal with this issue. Very important that you apply this to your own fund, how your accountant or administrator has been applying it.
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