Super Tax Traps: Capital Gains & Retirement
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Selling shares for a significant profit can lead to unexpected taxes beyond capital gains, such as Division 293 tax on super contributions and potential income tax bracket increases. Forward planning and understanding super access rules are crucial to avoid tax pitfalls. A couple learned this the hard way when their financial adviser accidentally closed the husbands super account after retirement, limiting their contribution options and incurring tax on outside interest.
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