partial SMSF

Question

partial SMSF

 · Accepted Answer

Bruce4Tax · Answer

can I set up a SMSF and only withdraw a small amount from the super fund I'm with right now? So most of my super is still managed by professionals and I manage a small portion. Yes, if the existing fund allows it. Also, if I make capital gains on my SMSF, do I have to pay the tax that year or do I pay it when I withdraw super? Your SMSF must lodge a tax return each year. Taxable income includes any realised capital gains, net of capital losses.

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