frack, it would be a straight forward capital loss of $75,000, which can only be offset against a capital gain...
if you do not have a capital gain this year, it is carried forward until you do
did you know that those people that rely on the old age pension are receiving roughly the equivalent of $18000 pa for a single pension
which is equivalent to a self funded person needing $300,000 earning 6%, or $400,000 at 5%
as for the tax treatment, once you are at retirement age,
you can earn approximately $30,000 tax free after rebates
on todays earnings, you need in excess of one million earning 3% net
it also helps to own the family home, which is an exempt asset
I wonder when they may decide to include the family home in the asset calculation
apparently the big superfunds will put up a fight against little bill shortens tax grab on superfunds....who knows
as I think they are generally toothless tigers
- Forums
- General
- exit tax on super
exit tax on super , page-72
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online