shopping_cart

Your shopping cart is empty

Foreign retirement funds — Not so super

Published on 01 Feb 11 by "THE TAX SPECIALIST" JOURNAL ARTICLE

Foreign retirement funds are not universally treated by the Australian Taxation Office as “superannuation”. As a result, your clients with interests in US, NZ or Canadian retirement funds, among others, face a dual dilemma. If they shift the funds to Australia, they may be taxed harshly. If they leave the funds offshore, they may be caught by the proposed “anti-roll-up rule” designed to replace the now repealed foreign investment fund regime.

Author profile:

Chris WYETH
Current at 21 November 2010 Click here to expand/collapse more articles by Chris WYETH.
 

 

Copyright Statement
click to expand/collapse