SMSFs pay little tax: report

By Staff Reporter

The data show over 400,000 funds across the nation generated $32. 9 billion of gross taxable income, but almost half of that was exempt from tax as it was already in the ‘pension phase’. “It’s a problem isn’t it? ” Tria Investment Partners principal Andrew Baker told the AFR. “It’s unlikely SMSFs are ever going to pay a substantial amount of tax as a segment.

Read more here: Business Spectator


You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>