Q.

My wife are both aged 69 and we each own shares individually. My income from my allocated pension is now no longer taxable. If we transfer any shares into joint names does this create a capital gains event, or if she transfers any shares into my name how do we calculate a price for the transfer?

Any transfers will be deemed to be made at current market value and will create a CGT event on which tax may be payable. If you are prepared to work for 40 hours in 30 consecutive days, you will be eligible to contribute to super and also to claim a tax deduction of up to $100,000 each which could reduce any CGT. Make sure you take advice because getting it wrong can be costly.