FSC joins calls for tax deductible adviceBY MARK SMITH | MONDAY, 10 FEB 2014 12:15PMThe Financial Services Council (FSC) has recommended the government implement tax deductions for those seeking financial advice. Related News |
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
On what basis shoud up front fees relating to advice on, say, life insurance and superannuation funds be deductible?
If these organisations are looking to make the cost of advice more palatable for lower income families, a deduction is going to have minimal impact. What will be better is some form of tax offset, which has greatest benefit for low income earners.