At the moment our smsf has two members both in pension phase and paying ourselves the prescribed 5% only......how hard is it to transfer a part sum from the non accumulation lump sum ( pension phase ) into the accumulation stage ? That is split the lump sum into accumulation and non accumulation .
My point being our portfolio is geared to only receiving 1/2 franking credits ( 15% overall) so by putting 1/2 back into accumulation phase and paying the 15% tax offset by that 1/2 that is 15% franking refunds the result is zero ...
Presently as stated we have the 15% franking credits returned to us....under shorton NIL....so by splitting the sums as stated above this also gives us Zero...The result is twofold...nothing for shorton but because we would only have 1/2 in pension phase and by taking only the prescribed 5% we would only receive 1/2 our normal pension which is ok by us but the money not taken as a pension would accumulate in our smsf...so basically a wealth creating vehicle for our kids inheritance.....
So my question again....is it hard to split up the pension phase non accumulation fund into non accumulation and accumulation..???
Thanks Bax,,,
