Ask Noel: should I switch from shares to cash for six months?

By Noel Whittaker
Updated October 8 2016 - 1:18pm, first published September 21 2016 - 12:15am
Trying to time the market is foolish. Photo: Simon Letch
Trying to time the market is foolish. Photo: Simon Letch

I have $1.8 million total in my self-managed super (including my wife's super), and I cannot figure out what happens after the new restriction of $1.6 million in super funds. Does it mean that I will be taxed on the excess drawings in pension mode, or can I just retain the excess and not pay any tax on the amount exceeding $1.6 million. I need someone like you to unravel what seems to be fairly complex.

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