Taxation of Self-Managed Superannuation
One of the main advantages of investing within a self-managed superannuation fund are the tax concessions which are available. As the benefits you accumulate within super are intended to be used to fund your retirement significantly lower tax rates are available to incentivise people to fund their own retirement. Lower overall tax rates are available within super, capital gains tax concessions on the sale of assets are also available and in many instances there can be no tax at all payable on wealth that is accumulated within this environment. Managing your super contributions effectively can also reduce your personal tax liabilities.
At
KJB Accountants & Business Advisors we can provide the professional assistance you need to ensure that you provide for your own retirement in the most tax-effective way and take full advantage of the available concessions.