A) Superannuation B) Mortality C) Superannuation and purchasing power D) Mortality and Purchasing Power Discuss the effect of taxes on bond returns. Under what conditions would the payback and discounted payback methods produce identical results? What are the tax con...
The article discusses the favorable outcomes of the regulations by the Australian government concerning tax on superannuation fund after the pensioner's death. It states that the regulations provides alleviation on calculations of benefit and fund earnings tax. It cites the draft ruling by the ...
What is a superannuation contributions tax? What is a tax return? What is tax relief? What is tax-exempt interest? What is tax abatement? What are back taxes? What type of tax is a fuel tax? What are federal taxes used for? What is a transfer tax? What is a penalty of wage? What...
The article reports on the move of Peter Bishell, author of a superannuation book, to call for a rethink on binding death benefits to correct the abnormalities in taxation. Bishell indicates that the binding death benefit nominations will result in paying 15% tax on the sum that has been pa...
Presents information on how do-it-yourself (DIY) superannuation funds in Australia can claim large tax deductions for a portion of death and disability payouts. Comments from lawyer Peter Bobbin on the ignorance of professional superannuation advisors of the deductions; Benefits of family DIY funds;...
Any payment made from a superannuation fund to an employee is exempt from tax only if it is made on the death of the employee, or in commutation of an annuity on his retirement at or after a specified age or on him becoming incapacitated. ...
KT, On 1. and 4. I don’t know the constraints on reform. There are a host of reasons for trusts. I am unclear that if taxes on income are progressive you would then want to tax superannuation progressively. I agree on 5. – the professivity of the income tax system can be increas...
Gratuities and special payments The first N$300 000 received due to superannuation, ill health or other infirmity or if the recipient is over the age of 55 years is exempt from tax. Any balance received over N$300 000 may be taxed in three equal instalments, commencing in the year of ...
The article reports on the introduction of the Tax Laws Amendment Bill 2008 in Australia. According to Nick Sherry, the minister for Superannuation and Corporate Law, the amendments will provide opportunities to terminally-ill Australians to obtained superannuation lump sum payments tax-free. Sherry al...
Gratuities and special payments The first N$300 000 received due to superannuation, ill health or other infirmity or if the recipient is over the age of 55 years is exempt from tax. Any balance received over N$300 000 may be taxed in three equal instalments, commencing in the year of ...