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Commuting from SMSF pension phase in Xtools+

Question asked by Peter Eason on Dec 19, 2018
Latest reply on Dec 20, 2018 by Lana Graham

In xtools+ I have an SMSF with a property which I want to sell once in pension phase to avoid the CGT. Immediately after this i want to close down the SMSF and move to standard individual accumulation account and re-commence the account pension from there. Xtools+ doesn't allow you to commute straight from an SMSF pension phase to an individual account, only from accumulation phase. I think I am going to have to sell the property and close down the SMSF before they hit pension phase and manually adjust the tax for that year. Any more eloquent solutions?

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