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The taxable income of a superannuation fund is the fund's assessable income less allowable deductions. Assessable income includes concessional (i.e., taxable) contributions received, net investment income and discounted capital gains. It does not include exempt income and undeducted contributions.
Fifth, there is a disjointed right to paid parental leave under the Paid Parental Leave Act 2010, which entitles both parents to share 20 weeks paid leave (but at least 2 weeks reserved for one). Also under the FWA 2009 section 76 there is a further right to one year, but of unpaid leave, extendable to two years if an employer accepts the request.
They do not include superannuation co-contributions, structured settlements and orders for personal injury or capital gains tax (CGT) related payments that the member has validly elected to exclude from their non-concessional contributions. Non-concessional contributions are made into the superannuation fund from after-tax income.
Donna I have a question please. I recently found out about a change in the retirement pay out rule at the hospital where I have worked for over twenty years.
The last thing you can do when your CD matures is nothing. If you don’t take action during the grace period, your bank will likely renew your CD with the same term at the current interest rate.
Adoption of flexible benefits has grown considerably, with 62% of employers in a 2012 survey offering a flexible benefit package and a further 21% planning to do so in the future. [19] This has coincided with increased employee access to the internet and studies suggesting that employee engagement can be boosted by their successful adoption.
Still, the scope of the problem – renters have a median net worth of just $10,400 compared to about $400,000 for homeowners with only about half of that accounted for by home equity – suggests ...
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