Letters: The super changes, what's at stake, and back to the future.

The super changes, what's at stake, and back to the future.

With the All Ordinaries accumulation index up 24.9% since July 1, 2012, even a fairly conservative portfolio of 45% cash investments and 55% share investments, including International ETfs is up 12%.  This means funds down to $800,000 will be impacted by the tax not the 16,000 funds of $2 million or more that Bill Shorten suggested. Anyone who saw the market upturn early in July last year and got back into the market early could well be up nearer to 20% and this will impact funds down to $500,000. Some solutions to minimise the impact would be switching to low yield stocks and going for capital growth.  Another alternative is paying the pension by selling off existing stocks with large capital gains or poor performing stocks that were held before the proposed super tax changes come into force and are therefore protected from CGT.

J Roberts


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