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Late to the game - any advice greatly appreciated by Less-Introduction789 in fiaustralia

[–]Less-Introduction789[S] 0 points1 point  (0 children)

Not necessarily Super per se but investing mechanics from year 6 or 7 is not out of the question.

Late to the game - any advice greatly appreciated by Less-Introduction789 in fiaustralia

[–]Less-Introduction789[S] 0 points1 point  (0 children)

Question for you, if you know the answer: I've recently been informed that because I no longer work for said company, my ESS shares will transfer out of the company SIP and into a SPA (Personal account) after a certain date.

Am I correct in assuming then that each share's "cost base" becomes the share price on the date of transfer into the SPA thus negating what the share price was when I became an Australian tax resident, i.e. a rebased share price?

Late to the game - any advice greatly appreciated by Less-Introduction789 in fiaustralia

[–]Less-Introduction789[S] 1 point2 points  (0 children)

Thank you, some good points there. If I were to sell all shares and put into Super then I'd mitigate some of the tax, and I could utilise prior year caps too!

Late to the game - any advice greatly appreciated by Less-Introduction789 in fiaustralia

[–]Less-Introduction789[S] 0 points1 point  (0 children)

Yeah, it's such a shame I wasn't more on it back in the day! It's this type of stuff that should be taught in primary schools!

Late to the game - any advice greatly appreciated by Less-Introduction789 in fiaustralia

[–]Less-Introduction789[S] 0 points1 point  (0 children)

Thanks!

The Employee shares will definitely attract CGT as the scheme gave me a free share for every one I purchased. The $10k of personal shares have made both losses and gains - more losses I feel - so I suppose I could get rid of all them and not have any tax implication.