Super remains the most tax effective way to build retirement savings and zero tax applies to pension phase. It will be easier for employees to make tax deductible contributions in the future however contribution caps are reducing from 1 July 2017. There is a one-time opportunity for total contributions of up to $575,000 before 30th […]
contribution caps
Imputation bonds and superannuation
Insurance Bonds are the next best sheltered tax vehicle to super and can deliver personal tax arbitrage benefits for higher taxed investors. They also open a multitude of financial planning strategies and solutions. Ross Higgins from AUSTOCK Life is seeing more clients and their advisers using Imputation Bonds in ‘strategy-based’ and/or ‘alternative structuring’ applications that […]
Contribution caps must be checked and double-checked, a leading lawyer says
Highlights If lawyers and/or clients are going to make further contributions before June 30 it is important to learn from those who have gone before you and fallen foul of the ATO through contribution timing errors with dire implications, says Peter Townsend. Rule 1: When is a payment actually made? Verschuer v FCT [2013] AATA […]