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Q&A: When I retire, can I transfer the cash assets to my share of the SMSF?

Q&A: When I retire, can I transfer the cash assets to my share of the SMSF?

Q: I am about to retire but my partner is still working. There is one property, some shares and cash in the SMSF. My partner and I have 50% share each. Moving to retirement, can I transfer all cash to my share of the fund into retirement phase? The value of cash is 25% of total fund.

A: I'm really glad that these are the questions which some of our readers are looking at or thinking about. Now, I just want to reiterate that what I cover in today's sessions is general advice. My role here is to highlight to you what the rules allow, the specific requirements that need to be met under a general advice banner.

About the author

Garth McNally

Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).

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