Will I pay cgt if i close my super fund down
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Not if you keep the pension account going till the last benefit payment.
You need proper advice on how to do this.
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Not if you keep the pension account going till the last benefit payment.
You need proper advice on how to do this.
Thank you Bruce The reason I am doing this is because in 2 years the fund will run out of cash and will not be able to pay the required minimum pension as the property will not generate enough income to pay the costs and minimum pension when the minimum drawdown of 7 % is reinstated
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