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Post by boxr on Jun 14, 2021 6:50:22 GMT 7
In the approval letter that was made clear about TAX, something like 60/40, 40% is taxable on withdrawal.
Im thinking pull a bit out each year, pay the tax, get it back at tax time then put it back into super account, that should make it all tax free if i go to pull it all out in in future for a big bender.
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Post by tasjo on Jun 14, 2021 8:10:31 GMT 7
Pls check with a financial adviser but I'm almost certain that if you roll-over to another fund the taxable portion reduces significantly - it may already be happening because you rolled over to CBUS but it's worth checking because it's a lot less hassle.
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Post by rainyday on Jun 14, 2021 8:43:59 GMT 7
Congratulations boxr!
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