“At the moment, you can have up to $2.1 million in the working phase of superannuation, which is called the accumulation phase. And when you stop working, you can transfer that up to $2.1 million per person over to the very generous tax-free phase of super”
James Gerard · The Money Puzzle · How much super do you need? Finding 'the sweet spot'
Play from 7:54
7:54
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What was described
transfer up to $2.1 million from the accumulation phase to the tax-free pension phase on the day you retire
$2.1 million
Said nearby on the same subject
“When you're comparing the SMSF, it's 15% tax when you're at accumulation phase. And then, you know, when you sell the property, especially if it's in your retirement phase, then you pay $0.”
“This framework is 90 days minimum, ideally 180 days… Phase one… weeks one through three is really about alignment… Phase two… two-month period… you’ll have a little bit of both… then money conversations”