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Many Australian retirement accounts for downsized employees will be taxed at up to 46.5% once withdrawn.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.
Publication Name: Personal Investor (Melbourne, Vic.)
Subject: Personal finance
ISSN: 0813-2992
Year: 1999
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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.
Publication Name: Personal Investor (Melbourne, Vic.)
Subject: Personal finance
ISSN: 0813-2992
Year: 1999
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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.
Publication Name: Personal Investor (Melbourne, Vic.)
Subject: Personal finance
ISSN: 0813-2992
Year: 1999
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