Don’t Fix It Too Quickly

Don’t Fix It Too Quickly

Just be aware that, for unsegregated funds, the CGT reset is only available for adjustments made on 30th June 2017. This means that such funds must have a member with more than $1.6m in pension or with a transition to retirement pension on that date. If members have taken measures to deal with these matters by ceasing a transition to retirement pension or reducing the member’s pension balance to $1.6m, or less, prior to 30th June then they may lose their ability to reset the CGT cost base. This does not apply to funds that use the segregated method as these may take action anytime after 9th November 2016.