I have $5 million in my super fund and I’m most concerned about the tax on unrealised capital gains that will occur if the balance is over $3 million when the changes start. I’m getting confusing advice – is it the balance on June 30, 2025, or on June 30, 2026?
I have read from several sources that if one member of a couple is below pension age, their super balance will not be counted as an asset and therefore not affect the other partner’s pension. However, if this super is converted to a pension account, it will be counted.
Any monies in an offset account are counted towards the assets test and are deemed for income test purposes. Any monies in a redraw account are not assessable.
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