Sent: 16-10-2012 15:59:02
In this issue:
Return to full article list
HomeFree weekly newsletterSelf Managed Super Fund ArticlesContact usLogin
Henry Ergas Article
My article is quite short this week because there is in my view an absolute must read article in yesterday's Australian newspaper by Henry Ergas.
The article deals with the tax concessions for super. I have mentioned here before that super isn't tax effective for low to middle income earners (and people who are paid a lot more but pay less tax because of Family Tax Benefit or Child Care Benefit or other tax offset) but no one really wants to discuss this.
Ergas takes my thoughts and looks at super for high income earners and basically says it stinks from a tax perspective.
It will be fascinating to see how people react to this article which you can read here (you will need to subscribe if you don't already have one):
The Essential SMSF Guide
My book which I first self-published in 2009 will now be published by Thomson Reuters as 'The Essential SMSF Guide". Thomson Reuters are responsible for distributing the book (which is now up to date to 30 June 2012). The book has been endorsed by the Institute of Chartered Accountants. Further details are available here:
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.