The Australian Financial Review --- Page: 44 : 9 February 2008 Original article by John Wasiliev
LexisNexis Summary
Stock market volatility draws attention to the issue of capital losses by superannuation funds that are paying pensions. The reforms to Australia's super regime in mid-2007 have encouraged people to draw pensions from their super. During the savings phase, a fund can carry forward any net capital losses, whereas losses incurred in the pension phase are completely ignored. John Randall, of Deloitte, notes that the investments of fund that have entered the pension phase are no longer taxable capital assets.
