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Move into a more privileged tax environment

Article Abstract:

Starting an allocation pension after April 1 carries an entitlement to defer starting the pension until after June 30, which adds some cashflow flexibility to a retirement plan. A particular tax advantage is that the income and capital gains from the time the allocated pension begins is tax-free, compared with the concessional rates of up to 15 percent for DIY fund income during the savings phase and 10 percent for any capital gains.

Author: Wasiliev, John
Publisher: Fairfax Business Publication
Publication Name: Personal Investor (Melbourne, Vic.)
Subject: Personal finance
ISSN: 0813-2992
Year: 2003
Management dynamics, Management, Retirement planning, Company business management

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How to avoid a DIY fund audit

Article Abstract:

The tax office in Australia has come up with 14 factors that determine whether a self-managed superannuation fund needs an audit in 2004. The information in the do-it-yourself (DIY) guide makes it easier for financial advisers and accountants with clients who have problems with their SMSFs, since they can show clients what the tax office is looking for.

Author: Hely, Susan
Publisher: Fairfax Business Publication
Publication Name: Personal Investor (Melbourne, Vic.)
Subject: Personal finance
ISSN: 0813-2992
Year: 2004
Tax Law, Capital funds & cash flow, Accounting and auditing, Investment management

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Utilizing the rebate

Article Abstract:

Australia's tax laws are discussed in relation to taxation of pensions and rebates. Passing unused rebates to a spouse who owes tax can be a good idea.

Publisher: Fairfax Business Publication
Publication Name: Personal Investor (Melbourne, Vic.)
Subject: Personal finance
ISSN: 0813-2992
Year: 2001
Personal Tax Planning, Personal Income Tax Administratn, Statistical Data Included, Laws, regulations and rules, Personal finance, Tax administration, Tax planning, Personal income tax, Tax refunds

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Subjects list: Australia, Taxation, Pension funds
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