Ep 366: Boost your super balance by avoiding CGT for the rest of your life!

Read full blog here In this episode, Stuart takes a deep dive into one of the most misunderstood aspects of superannuation, how unrealised capital gains tax (CGT) affects your balance, and how to avoid it. He begins by explaining the irony of the government’s proposed tax on super balances over $3 million: while controversial, most Australians are already paying tax on unrealised gains daily via pooled super funds. Stuart breaks down how these products calculate unit prices and the role of future tax provisions in that process.He then explores smarter alternatives, including wrap platforms and self-managed super funds (SMSFs), which allow investors to directly own assets and potentially eliminate CGT on unrealised gains altogether, provided they stay under the pension cap at retirement. Stuart walks through the financial modelling, showing how the fee trade-off still results in long-term gains, especially for high-contribution investors.Listeners also learn about timing, portfolio turnover, and tax-saving potential across various life stages. He closes with a performance and fee comparison between pooled funds like Vanguard and wrap platforms, offering guidance on when the shift is worth it. This episode is essential listening for anyone serious about optimising their super and reducing tax drag over a lifetime.My new book is available for pre-order now: Pre-ordering the book will help me get it into bookstores. So please do me a favour - please consider pre-ordering now - links and pre-order bonus are available here: https://prosolution.com.au/book-preorder-bonus Do you have a question for the podcast? Email us at [email protected]. If you're interested in working with our team and me, discover how we can work together here: https://prosolution.com.au/family-office-servicesIf this episode resonated with you, please leave a rating on your favourite podcast platform. Subscribe to my weekly blog: https://prosolution.com.au/stay-connected IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.