AMP shares and the social security factor
Article Abstract:
AMP members will need to consider the impact of shares on their social security entitlements. The value of the shares will be considered assets by the Social Security administration after it is listed. For people at the high end of the of the age pension AMP shares might affect them adversely. These people might want to consider diminishing the profits by gifting or converting to an income stream with non-super money.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Should you hold AMP?
Article Abstract:
AMP policyholders will have a number of tax-related decisions when they are issued stock parcels by the demutualised life insurer. The average parcel is about 500 shares and at $10 per share the average person will have an investment of $5000. Selling shares could mean large capital gains. Taxable income associated with dividends also has tax consequences the policyholder should be aware of.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
AMP: an exclusive club
Article Abstract:
AMP will pursue a listing on the stockmarket after nearly 98% of the policyholders voted to change from a mutual society to a shareholder-owned company in Nov 1987. Only 20% or 214 million shares of the highly coveted stock will be available to non-members. On the first day it becomes public, members will have the first option to buy. AMP is scheduled to be listed May 1998.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: New kids on the block. Serious clubbing
- Abstracts: Cut the hype: find the quality. Taking stock through private equity. The brave new world: inspect a gadget
- Abstracts: Cash in on the money market. Beware bogus bank e-mails
- Abstracts: The war on fees and features. Disability definition blurred. Getting the right chemistry
- Abstracts: Gaining a foothold in the Northern Territories. Making power pint-sized