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Superannuation funds can claim a capital gains tax discount where the asset has been owned for at least 12 months. The discount applicable to superannuation funds is 33%, reducing the effective tax rate on capital gains from 15% to 10%. [8] No discount or adjustment is available if an asset is sold at a loss.
Contributions to superannuation accounts are subject to a concessional income tax rate of 15%. This means that for most Australians, the tax on their money sent to a superannuation account is less than the tax on money sent to their bank account. Australians can contribute additional superannuation beyond the 11.5% minimum, subject to limits.
MTAA Super (Motor Trades Association of Australia Superannuation Fund) is an industry superannuation fund established to serve the motor trades and allied industries. Created in 1989, it has become one of Australia's largest super funds.
Key Points. Investing in a 401(k) can help you build wealth for retirement. You should make sure you choose the right type of 401(k) if your employer offers both a traditional and a Roth option.
A clash between BlackRock and the FDIC over the money manager’s holdings of US banks will play out in the waning days of ... 24/7 Help. For premium support please call: 800-290-4726 more ways ...
Several court decisions have unduly limited what counts as pertaining to the employment relationship, including not regulating trading hours as opposed to working time, [131] how to deal with surpluses in a defined benefit superannuation fund, [132] whether money was transferred to a union-controlled super-fund, [133] and constraints on ...
"A lot of the critics say this is gonna cost a lot of money, almost $200 billion dollars over the next 10 years," explains Schlesinger. "Critics say there is a reason why we force people to pay ...
Sunsuper Superannuation Fund (Sunsuper) was an Australian public offer industry superannuation fund based in Brisbane, Queensland, Australia. It was established in 1987 as a multi-industry superannuation fund open to all workers and is profit-for-members. Sunsuper was the largest superannuation fund by membership in Queensland, with 1.3 million ...