Falling market opportunity 2: Get sold off shares into your DIY fund

Looking for a potential win in this bleak market? Time to reacquaint yourself with in-specie transfers into super.

Summary: The state of the market at the start of 2016 makes this the perfect time to revisit the concept of in-specie transfers into super. An in-specie transfer allows you to move certain asset classes held outside super into your super fund, reducing capital gains tax and moving your assets into a lower tax environment. Transferring shares into super also means dividends are taxed at the relevant rates in your super fund – this is 15 per cent, or zero per cent if your account is in pension mode.

Key take out: In-specie transfers must fit within the concessional and non-concessional contribution limits – consult your accountant about your situation.

Key beneficiaries: SMSF trustees and superannuation accountholders. Category: Superannuation.


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