ATO tax ruling undermines SMSF estate planning

Discussion in 'Superannuation' started by nonrecourse, Jul 25, 2011.

  1. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    The employer should NOT be taking tax off of the contributions - the entire gross amount should be payed into the fund. however, the SMSF will have a 15% tax liability on this money paid into the fund.
    s@vvy??!
     
  2. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    sounds like something isn't right, will contact super fund to work out what should be happening pre tax/post tax. Employer is paying 12% and my 5% it a total 17%, maybe pushing rate up a little. Will check it out
     
  3. Matthew 26:14

    Matthew 26:14 New Member

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    There was some discussion this loophole surrounding cap gains being deferred into super was going to be closed off but not sure if its gone through - anyone heard? I might look into it also.
     

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