Currently, backpackers are able to taketheir superannuationwith them when they return home in the form of a Departing Australia Superannuation Payment (DASP). Under the current rules, the taxable element of a DASP was taxed at 38%. From 1 July 2017, a backpacker's DASP will be taxed at 65...
However, if you have a lump of money that you want invested in a diversified way that suits your risk profile, then robo advice seem a relatively cost-efficient way to ensure your investments are spread across asset classes. Naturally, Slack Investor would like the fees charged by robo adviso...
Where active life insurance cover was in force at the date of death, the benefit may also include an untaxed element which will be taxed at a maximum rate of 31.5%. A lump sum death benefit paid to a dependent will be tax free. A dependant includes a spouse, former spouse, child ...
Where active life insurance cover was in force at the date of death, the benefit may also include an untaxed element which will be taxed at a maximum rate of 31.5%. Paid to the member's estate A lump sum payment to the member's estate will be taxed depending on whether a dependant ...