Abstracts » Personal finance

Taking a package? Beware the surcharge

Article Abstract:

Many Australian retirement accounts for downsized employees will be taxed at up to 46.5% once withdrawn. Redundancies can qualify for tax-free payment if they exceed any amount payable by retiring under other circumstances, if dismissal is before mandatory retirement, without agreement to reemploy, and not originating in a superannuation fund.

Pensions

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Tax office product rulings

Article Abstract:

Australian tax shelters have been recently redefined. The Macquarrie Sharemarket Lending office offers diversified shares in various agricultural enterprises, all approved by the tax office, where investors pay a 20% minimum of the total investment and borrow the rest for one year at 8.8% fixed or 8.9% variable.

Agricultural industry, Tax shelters

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Planners on the right track

Article Abstract:

Financial planning services are experiencing increased demand for personalized contact. Accountants have been given the highest level of trust, followed by family members and bank and credit union managers.

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