Why fund managers fear GST

Article Abstract:

Legislation to institute a Goods and Services Tax (GST) beginning July 1, 2000 will probably pass, and that will affect retirement fund management. Under the GST, all fund management services and professional fees will be subject to a 10% tax. This will be difficult to pass to customers, since retirement earnings will be taxed at a maximum of 15%. Wealthier private investors may choose to limit their losses by investing in DIY funds.

Management, Taxation, Economic aspects, Pensions, Value-added tax

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Splitting the difference

Article Abstract:

Issues discussed concern proposed legislative changes to affect small superannuation, or DIY funds. The potential for these funds to discriminate against people with large families or same-sex relationships is addressed.

Statistical Data Included, Laws, regulations and rules, Pension funds, Tax policy

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