Issue: 291
Sent: 21-02-2012 14:01:03
In this issue:

'Greek Deadline' could be new addition to English languageA How To Book Of Self Managed Super FundsChange to tax system
Return to full article list
HomeFree weekly newsletterSelf Managed Super Fund ArticlesContact usLogin

Change to tax system

Click here to buy - A How To Book of SMSF's by Tony Negline
Tony Negline

A tax change is coming on 1 July 2012 which doesn't seem to have been focused on by many people.

It's an important issue and involves the taxation of bona fide redundancy and approved early retirement scheme benefits.

One major change from that date is that from that date you won't be able to roll the Eligible Termination Benefit part of such payments over to super.

The amount of tax paid on these benefits will increase from 1 July for most people.

Given the fragile state of the economy and larger businesses seem to be shedding staff these matters take on a harder edge. Perhaps some people need to consider seeking separation from their employer before 1 July this year to gain access to the tax concessions which are disappearing.

Just before Christmas I published a revised version of my SMSF book. You can see all the changes that have been made between Version 5.1 and 6.0 (the latest edition).

You can look at the contents page at the following link:

For details of the changes made from version 5 to version 6 visit:

As you'll see from the list there have been many changes.

Two purchase options are available - once only subscription - $55 inc GST - or an annual subscription will gives you access to all the updates made throughout the year ($120 inc GST). The book can be purchased at the following link:

Share this article
Click to share this article on Facebook Click to share this article on Twitter

Previous article         Next article

If you liked this article and would like more by email, subscribe! It's free.

[Bold fields are required]

Your details

Your alternate email address is used only if messages to your primary email address are returned to us.


Do you work in the financial services industry?

This email is general in nature only and does not constitute or convey specific or professional advice. Legislation changes may occur quickly. Formal advice should be sought before acting in any of the areas discussed. Be aware that the information in these articles may become innaccurate with time. Responsibility is disclaimed for any inaccuracies, errors or omissions. Particular investments are neither invited nor recommended and hence this publication is not "financial product advice" as defined in Section 766B of the above legislation. All expressions of opinion by contributors are published on the basis that they are not to be regarded as expressing the official opinion of any other person or entity unless expressly stated. No responsibility for the accuracy of the opinions or information contained in the contributor's articles is accepted by any other person or entity. Copyright: This publication is copyright. If you wish to reproduce this article you require a license, which can be purchased here, to do so.

Site design by Raycon