What Are Franking Credits?
Franking credits are a tax credit available to eligible shareholders of Australian companies. They are also called imputation credits.
Franking credits are a tax credit available to eligible shareholders of Australian companies. They are also called imputation credits.
A superannuation recontribution strategy is a strategy designed to maximise the amount of after tax income for a retiree under 60, or non-dependent beneficiaries of their estate.
Superannuation is the Australian Government’s answer to creating a sustainable retirement strategy for our growing population. To encourage us to grow our retirement nest egg, the Government has made Super a very attractive place to invest our money.
There are two simple ways to contribute or add money to superannuation.
Salary sacrifice is a strategy used to divert money before income tax has been paid or withheld. It is commonly used in a superannuation accumulation strategy to direct money straight from an employer to an employee’s superannuation fund.
If you are self-employed, you can make personal contributions to a superannuation fund as a long-term retirement strategy – and claim a tax deduction.
How to Access or withdraw my super? Australia’s Superannuation system was designed to fund the retirement of our growing population, so, typically, we cannot access or withdraw super until we retire.
A transition to retirement strategy is a superannuation account-based income stream that can be started when a person reaches their preservation age.
The Australian tax system works by charging a higher tax rate for those who earn a higher income. It is a marginal income tax system.
You may not realise it unless you have studied accounting or worked in a large business, but accounting is about more than your yearly tax return.
Franking credits are a tax credit available to eligible shareholders of Australian companies. They are also called imputation credits.
A superannuation recontribution strategy is a strategy designed to maximise the amount of after tax income for a retiree under 60, or non-dependent beneficiaries of their estate.
Superannuation is the Australian Government’s answer to creating a sustainable retirement strategy for our growing population. To encourage us to grow our retirement nest egg, the Government has made Super a very attractive place to invest our money.
There are two simple ways to contribute or add money to superannuation.
Salary sacrifice is a strategy used to divert money before income tax has been paid or withheld. It is commonly used in a superannuation accumulation strategy to direct money straight from an employer to an employee’s superannuation fund.
If you are self-employed, you can make personal contributions to a superannuation fund as a long-term retirement strategy – and claim a tax deduction.
How to Access or withdraw my super? Australia’s Superannuation system was designed to fund the retirement of our growing population, so, typically, we cannot access or withdraw super until we retire.
A transition to retirement strategy is a superannuation account-based income stream that can be started when a person reaches their preservation age.
The Australian tax system works by charging a higher tax rate for those who earn a higher income. It is a marginal income tax system.
You may not realise it unless you have studied accounting or worked in a large business, but accounting is about more than your yearly tax return.
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