tag:blogger.com,1999:blog-31350666.post363660742726765709..comments2024-03-12T18:10:53.002+11:00Comments on Enough Wealth: Long Term Tax Planningenoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-31350666.post-31799467433458512022007-02-19T23:08:00.000+11:002007-02-19T23:08:00.000+11:00Not if you convert it from super to pension first....Not if you convert it from super to pension first.<BR/><BR/>My original comment wasn't entirely correct. If paid out from a pension after age 60, the entire amount is tax free, however, if your funds are still within super and you make a withdrawal, then the 10% CGT applies.<BR/><BR/>You see, allocated pensions will now have a min pension of a percentage of the balance and max pension of the The Bullhttps://www.blogger.com/profile/11493600757922304658noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-70927547704737410542007-02-19T20:47:00.000+11:002007-02-19T20:47:00.000+11:00I've seen that comment about no CGT in superannuat...I've seen that comment about no CGT in superannuation after 60 before, and I don't think it's correct. Any payment of a lump sum or pension from a super account will be tax free after 60, BUT I think that any "huge capital gains in there" would have CGT paid by the super fund at the fund's 10% CGT rate BEFORE the money could be paid out of the super fund.enoughwealth@yahoo.comhttps://www.blogger.com/profile/09371028394685288035noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-32254023581703596782007-02-18T18:44:00.000+11:002007-02-18T18:44:00.000+11:00Will be interesting to see your results.From simil...Will be interesting to see your results.<BR/><BR/>From similar scenarios I've looked at, on paper holding the geared portfolio in retirement usually wins. However, then there is the other issue of do you really want to be gearing into your retirement?<BR/><BR/>One big advantage of the new super rules is that lump sum withdrawals from super/pensions after age 60 are also tax free, therefore you The Bullhttps://www.blogger.com/profile/11493600757922304658noreply@blogger.com