Super concession cuts ignite SMSF debateBY MELANIE TIMBRELL | MONDAY, 10 SEP 2012 12:45PMReports that tax concessions to super will be cut by the Government to fund upcoming health and education initiatives have sparked debate in the industry over whether high balance super members and SMSFs in particular are paying their share. |
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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
"They don't have people making contributions for them like ordinary employees do, so rationale was they should be able to put those premises in their super fund and enjoy tax concessions because it is their super."
And this is NOT a rort? Go figure..
I am now 73 and still able to work.it amazes me that the present regime has reduced the cap so how do the expect people to be self funding and not rely on Centrelink.We should be rewarded and not penalised