Super's tax trap

Article Abstract:

Beginning Apr 1, 1999, changes to the Fringe Benefits Tax rules have made it more difficult for high income earners to cut their superannuation surcharge. All fringe benefits must be added to income when assessing surcharge liability. Investors can reduce surcharge bills by reducing superannuation contributions subject to the surcharge and reducing assessed income as far as possible.

Australia

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Playing it safe

Article Abstract:

This article examines the use of superannuation funds by risk-averse Australian investors. Relevant points include the value of such funds, when properly used, to avoid penalty taxes due to Reasonable Benefit Limit problems.

Tax planning

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Mad, bad and dangerous

Article Abstract:

Issues are presented concerning the influence which the 15% super surcharge has had on investment for retirement. The inequities of the super surcharge and the policies of the political parties towards it are discussed.

Finance, Retirement

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