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SUPERANNUATION (PowerPoint)

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					SUPERANNUATION
Planning for the future



        Presented By:
    CHRIS CAMBEL
  Cambel Sharpe & Co Pty Ltd
          Introduction

 Governments push for self funded
  retirements
 Self managed Vs External funds
 Tax incentives for those who meet the tests
 Sole purpose test - To provide retirement
  benefits for the members
TAX RATES - CURRENT STATE OF PLAY

   INDIVIDUALS-2007/08

                    0 -   6,000     0%
                 6001 -   25000    16.5%
                25001 -   75000    31.5%
               75,001 - 150,000    41.5%
              150,001 +            46.5%
   COMPANY TAX RATE               30%
   SUPERANNUATION FUND TAX RATE   15%
      SUPERFUND BENEFITS
COMPANY /          SUPERANNUATION
BUSINESS                FUND

RATE OF TAX          RATE OF TAX
   30%                  15%




  TAX DEDUCTIBLE CONTRIBUTIONS
            2007/08 YEAR
      AGE          AMOUNT P.A.
      Under 50          $50000
      50-74            $100000
TAX EFFECTIVE INVESTING
DIVIDEND RECEIVED                                 70
IMPUTATION CREDITS                                30
GROSS DIVIDEND                                   100
OTHER INCOME                                     100
(Contributions / Distributions / Interest etc)

                                                 200
  TAX POSITION FOR THE SUPERFUND
        Income            200
        Tax (15%)          30
        Less
        Imputation Credit  30
        TAX PAYABLE       NIL
SUPERFUNDS AS INVESTMENT VEHICLES
                            UNIT TRUST

                              INVESTOR
                           - PROPERTY
                           - SHARES
   BORROWINGS                                     CAPITAL
                           - MORTGAGES


                  INCOME                 INCOME




                                          SUPERANNUATION
          COMPANY                              FUND
          (TAX=30%)
     OR FAMILY TRUST                       NO BORROWING
 (After interest on borrowing
                                              TAX = 15%
OTHER INVESTMENTS
1.  In-house Assets 5% Rule
2.  Investment advisors
3.   Undeducted contributions opportunities

OTHER ISSUES
1.  Salary sacrifice
2.  Capital Gains Tax -Lower Rate
3.  Rollover Relief for small businesses
4.  Tax Evasion
5.  Superannuation Surcharge levy now
     abolished
                    SUPERANNUATION
                    FUND AND THE 15%
                     PENSION REBATE

                      SUPERFUND’S
                     INCOME/CAPITAL
                    IT PAYS PENSIONS
                      TO DIRECTORS




  MR: $30,000 P.A                      MRS: $30,000 P.
  Tax Payable                         Tax Payable
                       As of 1st July 2007
If over 60-tax free Between 55-59 Subject to a rebate of 15%
 LUMP SUM WITHDRAWALS (as at 30/6/07)
   UNDER 55 YRS      21.5% TAX
   (NON PRESERVED)

   OVER 55 YRS
    $0 - $135590        0% TAX

   OVER $135590       16.5% TAX




Transitional issues apply from 1st July 2007
For those aged 55-59 and those 60 and over
REASONABLE BENEFITS
      LIMITS
 LUMP SUM               $678,149
 PENSION                $1,356,291
(Limits apply up until the 2006/07 Year)
              SUMMARY
1.   Sole purpose is to provide retirement
     benefits

2.   Tax effective savings plan

3.   Control over assets / investments
     strategy

4.   Protection of assets upon bankruptcy
          COSTS
      (as at 01/07/2007)

1.Setup costs $750(ex Trustee)
2.Annual Accounting & Audit
 Fees $1,750 appx
3.Annual ATO Lodgement Fee $45

				
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posted:1/28/2012
language:English
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