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Our advisers and experts love to answer questions on anything to do with superannuation, SMSF compliance, tax, markets and investment strategy.


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Gaurav Sodhi Answered by Gaurav Sodhi 1wk ago

Uranium Outlook

For Gaurav: you answered a question about the outlook for uranium last year. Since then more supply has come out of the market, Japan is restarting reactors, and significant development is happening in China, has your view on the sector changed?

Max Newnham Answered by Max Newnham 1wk ago

The bring forward rules post 65

In a recent response to a question the following extract of the answer stated: "...In the tax year in which someone turns 65, a person can make personal tax-deductible contributions and non-concessional after-tax contributions up to the relevant limits. If the contributions are made before the age of 65, no tests apply other than the applicable limits. However, if the contribution is made after turning 65, the work test comes into effect....". I thought I would pose a further related question: In the financial year in which I turn 65 (adding that I turn 65 in December), can I use the bring forward rule with respect to non-concessional contributions ie make a $300,000 contribution before I turn 65 assuming I retired when I was 63. This would mean that $200,000 of non-concessional contributions ( for the next two foward years) would relate to financial years where I would not be working and I would be over 65 years of age, but I would have made the $300,000 non-concessional payment prior to my turing 65?

Mickey Mordech Answered by Mickey Mordech 2wks ago

ETFs versus managed funds in a correction

Are there any guides to what could happen to the price of ETFs in comparison with the price of units in a managed fund if there were a significant correction? What does InvestSMART think and why do they think that? John

Max Newnham Answered by Max Newnham 3wks ago

Retirement Question

I am 71 and my partner is 60 in October and are both retired. We have a two member SMSF with a company acting as trustee with us being the directors. My balance has used up the $1.6 million Transfer Balance Cap plus I have a smaller amount in accumulation. My pension account is made up of a number of pensions some with taxable components.My partner has a nil balance in the fund but will be rolling in around $600,000 from a WA Government fund plus will be making a yearly $100,000 non-concessional contribution until she turns 65. She will be starting at tax free pension after rolling in the $600,000.We have an old Binding Death Benefit Nomination that is no longer valid. All of my pensions are non-reversionary. If I die would my partner as the remaining director of the trustee company be able to direct that she as member receive my pension or does the pensions need to be made reversionary to enable this to happen?

Tony Kaye Answered by Tony Kaye 1mth ago

Money for nothing article

I am interested in your article about "money for nothing". Are you saying that in retirement you can still make a CC as a lump sum such as you would make when still working? I believed that superannuation in pension mode is tax free so is this interest from money outside super?

Max Newnham Answered by Max Newnham 1mth ago

Transferring super assets to children

My wife and I are both retired and have a self managed super fund with around $1.6 million each. The trustee is our old trading company of which we are the sole shareholders and directors. I am 64, 65 in October, and my wife is 63. The fund has been in pension mode for the last 6 years and we have binding death benefit nominations to each other. Our wills also reflect that the remaining survivor inherits the super fund.

If one of us dies does the other inherit the other's super funds tax free and would we then have to transfer $1.6 million out of the self managed super fund to keep within the new limits? Can we now, or if one of dies, transfer $600,000 each to our 2 adult children without them having to pay tax?

Tony Kaye Answered by Tony Kaye 1mth ago

Pensions and tax returns

I have just commenced a pension through my super. Just checking how this might affect my requirement to lodge a tax return for continued earnings from dividends and an investment property outside of super.

Tony Kaye Answered by Tony Kaye 1mth ago

Superannuation tax implications

How can one make a comparison on direct shares and their dividends vs superannuation returns when considering its tax benefits? I am inclined to have a foot in each camp but approaching my preservation age and 60 my curiosity has been piqued.

Max Newnham Answered by Max Newnham 1mth ago

Transferring SMSF assets in a divorce

As part of a divorce settlement between a couple with a SMSF (one in pension, the other in accumulation), can the spouse in pension phase transfer assets in the SMSF to the SMSF accumulation account of the other spouse, or must the assets be transferred out of the SMSF to the other spouse as an individual outside SMSF?

Max Newnham Answered by Max Newnham 1mth ago

Post 65 contributions

I am 65 and have run my own SMSF since about 2010, retired at 60 and put all assets into pension phase. A couple of years ago I lent $120,000 to my daughter and son-in-law to purchase a warehouse, the money came from a redraw on my house. They got into financial difficulty and could not make repayments so I withdrew the money out of my super fund and paid off the mortgage on my house. They finally sold their warehouse and paid me back most of what was owed, into my personal account.I have put $50,000 into my super to buy investments; is this ok?  I may be going back to work in a three-months on three-months off basis and earning approximately $40,000 for each three-month stint. Since I get $6,000 a month from my pension can I keep paying myself the $6,000 a month as well as getting wages when working and pay the full amount in salary sacrifice of $25,000 per year into the SMSF, and can I pay the same amount into my wife’s super?

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