Tax retirement earnings at flat 15%, says consultantBY JAMES FERNYHOUGH | THURSDAY, 31 JUL 2014 12:25PMA flat 15% tax on post-retirement investment earnings would solve the problem of lost tax revenue through self-managed superannuation funds (SMSFs), according to Andrew Baker, managing partner at Tria Investment Partners. Related News |
Editor's Choice
The top investment funds over the past year
The top-performing investment funds for the year ending March 31 have been announced, with all being ETFs focused on international equities.
AFCA finds more Dixon Advisory victims
The Australian Financial Complaints Authority added 544 more Dixon Advisory-specific victims to total 2492 complaints at the end of April, which will further exacerbate the levy financial advisers must pay.
Senior Cbus investment manager exits
Cbus' head of total portfolio management has left the fund, while a former JANA executive has joined its infrastructure team.
Quality of retirement does not depend on super balance: Bragg
The Senate Economics Committee has released its interim report into using super for housing.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
re the proposal to tax SMSF earnings at 15%, can we assume the same rate will apply to the earnings in pension phase of the Industry Funds? And why would the tax on realised capital gains be higher in Pension phase than in accumulation phase (at 10%).
Also why are franking credits so much more of an issue for SMSF than the other types of funds?
Are we serious about discriminating between funds, individuals etc as to who gets the benefit of the franking credit?