We all love making a profit on our investments, but no one enjoys the tax liability that comes with a windfall.
The good news is that making a super contribution could reduce your tax bill and give your retirement savings a welcome boost at the same time.
How capital gains are taxed
When you sell an asset for more than you paid for it, the profit is called a capital gain. If the asset was held for longer than 12 months, discount rules mean that only 50% of the gain needs to be declared on your…
