Paul Bunting of MSI Ragg Weir talks about the Superannuation changes in Australia, coming into force on 1 July 2017 – and why you need to talk to your accountant to take advantage of the new rules, especially if you have more than AUD$1.6 million in your pension account – or if you are on a transition to retirement pension. However, there will be some opportunities brought about by the new rules too – in the area of capital gains tax relief. This allows for a re-rating of the cost-base of the asset, reducing tax payable in the future.
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