Australia's largest stock trading and investment forum Australia's #1 stock forum

Even after the 1.6 mill cap the policy change STILL stops 50+...

First 42 Last

Share
Profile

Follow
JonnoH

12,970 Posts.

3

10/12/18

09:20

Post #: 36801905
Share

Originally posted by picastoc ↑

The government has already put the cap of $1.6 on super annuities which will reduce the impact of Shorten's poorly targeted proposal to capture the high end of these annuities. Indeed, the money put back in accumulation phase to incur 15% pa tax will not even get that tax liability because the excess franking credits from the annuities can be used to pay off that 15%. lol. Stupid Shorten. So nothing to see here for the holders of mega multi-millions in super, they will continue not to pay any tax. lol

Expand

Even after the 1.6 mill cap the policy change STILL stops 50+ BILLION of company tax being given away to people who don't even pay any any tax.
Upvote

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 9 more messages in this thread...

First 42 Last