The divorcee, the SMSF and the tax bill

After millions were removed from the SMSF, the wife was slugged with a massive tax bill.

PORTFOLIO POINT: Millions of dollars were removed from the couple’s SMSF after the divorce, leaving the wife with a crushing tax bill.

The rapid growth of self-managed super funds (SMSFs) and upcoming changes to superannuation – such as reduced concessional contribution caps, and personal tax rate changes from July 1 – mean super will continue to feature in the news.

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