Super alternative for some: 50% tax discount on savings products
As leaked to the media and reported several times over the past few weeks, the Government has announced a tax discount on interest income derived from savings products.
SMSFs: Moves to improve corporate bond market
For SMSF investors, one of the more significant Federal Budget announcements is a move intended to boost business lending competition. According to the announcement, the Australian Securities and Investments Commission (ASIC) will permit listed entities meeting specific criteria to issue bonds to retail investors using a simplified process.
Federal Budget May 2010: A quick summary
On 2 May 2010, Federal Treasurer effectively released a mini-budget (in response to the Henry Tax Review) announcing the following changes; Increase in Superannuation Guarantee(SG) from 9% to 12%; Tax refund in the form of a Government super contribution to lower-income earners…
