In an article for the website Investor Daily, Miranda Brownlee suggests that the really flashy super funds which propose expensive features and services do nothing to make life better for their members.
Category: Commentary Archives
What Will Happen to Refunds of Excess Non-concessional Contributions?
On the website of the Inspector General of Taxation (IGT), a review in regards to the compliance required for excess contributions tax is being posted. Agreed that the concessional contributions corner a big pie of discussions but no one can deny that the exorbitant tax on non-concessional contribution is also a point of debate.
ATO Hosts SMSF Webinar for Professionals
A written piece on the Australian Taxation Office’s (ATO) website talks about a free SMSF webinar the ATO is hosting from the 10th of June to the 27th of June in order to educate the SMSF auditors and tax agents about the regulation changes from the 1st of July 2014.
Super Fund Trustees on ATO’s Non-compliance Radar
The ATO is being vested with a substantial amount of powers where it comes to dealing with non-compliance on the part of super fund owners. A piece on the website of Australian Taxation Office sheds light on them.
Tax Legislation 293 To Corner High-income Earners
An article on the website ato.gov.au talks about the Division 293 Tax Legislation. This is the one that proposes lesser super tax concessions for very high income earners (as subjective as the term remains). The 2012 Federal Budget took it upon itself to create a fair playing ground for high earners and average earners.
