A family trust strategy to deal with the $3m super tax
The first hurdle is that to both access your fund and withdraw lump sums, you must satisfy a condition that allows this – either retiring or turning 65.
Q: I’m 62, work full-time and have a self-managed super fund with substantially more than $3 million in a portfolio heavily weighted towards growth assets, mainly ASX stocks. I intend to consider retirement or going part-time in about June 2026.
I’m considering transferring “in-specie” most of the growth assets from my SMSF into my personal name (bringing my SMSF balance down to about $3 million) and then contributing those personal assets into my family discretionary trust. Can I do the SMSF strategy without it being it a capital gains tax (CGT) event? I am hoping the question is yes.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Personal finance
Fetching latest articles