Originally posted by kacy
Option 1 is also limited by the $100,000 non-concessional contributions cap.
https://www.superguide.com.au/boost...diate-cut-non-concessional-contributions-caps
Is there any way around that? If not, it will take 10 years to move a million dollars from my SMSF to a normal super fund. (Shorten might bump the cap up to get more money into his industry super funds, which I also believe is Labor's hidden agenda.)
However, I still think option 1 is the best strategy. e.g. each year sell 100K of dividend stocks and move that money into a normal super fund. That way I will maintain my exposure to dividend earning stocks and get the full benefit from them. So my normal super fund becomes my income earning portfolio and my SMSF becomes my growth portfolio for capital gain (until the Liberals get back in).
hey
maybe i have mis-read but there is no 'time/money limit' on transferring from smsf to industry fund ....it just happens in one go. (if it is all part of the super system and all complying funds blah blah).
the real problem is the type of assets that will be accepted at the 'new' end. (generally cash)
wrap funds are a way to transfer but keep existing assets ......but may not offer the same solutions to the original problem.
the $100K limit u r talking about is to do with adding after tax money into an accumulation account (non-concessional money) .... it is not about money already inside super.
but .... u can have multiple accounts running at the same time (industry and smsf) .....food for thought to maybe hedge ur bets.
