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Wednesday, 05 May 2010
Scott Francis in his latest Eureka Report article highlights three key changes from the Henry tax review including:
- Employer contributions to rise to 12% gradually from July 2012
- Superannuation splitting strategy becomes more useful
- Lower company taxes means bigger dividends
Scott concludes that the new shape of superannuation, and more generally personal finance strategies, might be summarised as:
- A focus on employer contributions and non-super investments until the age of 50.
- The return of income splitting between spouses to take advantage of concessional contribution limits.
- Renewed focus on building wealth through superannuation for the over 50s until retirement.
Click on the following link to read Scott's full article - Reforms and your super
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Scott Francis' articles in the Eureka Report
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