Read this
http://www.smh.com.au/business/banking-and-finance/tax-leakage-multimillionaires-exploiting-superannuation-20140522-38po9.html
What am I missing? How is it even possible for someone to have 5m+ in their super fund? Would these be family funds?
Given the 25k/50k annual thresholds you'd need a large family group contributing the maximum to get to a $5m+ sized fund even if they had exceptional returns on their investments.
....Or are some people happy to contribute over the threshold, pay their marginal tax rate and then have their investments in the fund only attract tax rate at 15%?
Read...
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