Making the most of super fund tax deductions
03 Oct 12 |
CCH TAX WEEK
Issue: Issue 38 21 Sep 2012
Pages: pp 1-3
The Tax Office issued an ATO Interpretive Decision (ATO ID 2012/47) in May this year which flags the fact that all types of contributions, including roll-overs from another fund, can be taken into account in calculating certain fund deductions. ATO ID 2012/47 serves as a useful reminder to SMSF advisers to ensure their clients make full use of that fact.
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David has been involved with the financial services industry since 1985. He is an Executive Director with Macquarie Bank where he manages government relations and technical media commentary. David is a director of SMSF Professionals Association of Australia, a practising member of the NSW Law Society, a CTA and fellow of the Tax Institute, and is on the Superannuation Board Committee of the Financial Services Council.
- Current at
08 January 2014