1. Labor Government announces
superannuation changes
Special arrangements for
capital gains on assets
before 1 July 2014

2. SMSF existing assets
$500,000
$450,000
$400,000
$350,000 Asset held by the fund
before announced
$300,000 changes
Capital gain from
$250,000 1 July 2024 to disposal
date is included fund
earnings.
$200,000
Accumulation Pension phase – unrealised capital gains on the Where earnings is greater
phase – fund asset(s) ignored for CGT purposes than $100k per individual a
earnings taxed at 15% tax rate will apply
15%
Acquisition date Member 1 July 2024 Asset sold post
Pre 5 April 2013 commences a 1 July 2024
pension

3. SMSF assets acquired from 5 April 2013
$500,000
$450,000
$400,000
$350,000 Asset acquired
between 5 April 2013
$300,000 and 30 June 2014
$250,000
A choice is available to apply against entire capital gain or only that
$200,000 part that accrues from 1 July 2014
Accumulation–
fund earnings Pension - fund earnings exempt from tax
taxed at 15% per individual up to $100,000
5 April 2013 30 June 2014 Member Asset is sold
commences
pension

4. SMSF assets acquired from 1 July 2014
$500,000
$450,000
$400,000 Asset acquired
after 1 July 2014
$350,000
$300,000
$250,000
The entire capital gain is included within the $100,000
$200,000 earnings threshold for each individual
Accumulation– Pension - fund earnings exempt from tax
fund earnings per individual up to $100,000
taxed at 15%
1 July 2014 Member
5 April 2013 Asset is sold
commences
pension