Small business owners who sell business assets may be eligible to contribute the proceeds into superannuation to help fund their retirement. To be eligible to use the CGT cap, you must first be eligible for a small business CGT tax concession.
Employment termination payments that meet the definition of ‘genuine redundancy’ are entitled to concessional tax treatment. This article gives you some detail on redundancy payments.
A plan by the federal opposition to axe cash refunds for franking credits has met intense criticism, particularly among those with self-managed super funds.
Superannuation is a savings vehicle designed to help you save for retirement. Superannuation funds that comply with Australian law receive generous tax concessions which provide an incentive for you to save for your own retirement.
