As announced in the 2012 Federal Budget, as of 1 July 2012, the Government proposes that current Employment termination payment (ETP)
tax concessions only apply to an ETP if the sum of the ETP and the individual’s other taxable income is less than $180,000.
This could result in a big tax increase for some retirees.
Should you wish to discuss your current arrangements, please contact us at The SMSF Accountant.
PO Box 105 Bentleigh VIC 3204
If you would like to have an initial consultation about your SMSF requirements, please get in touch.
The SMSF Accountant is a CPA practice
Limited liability by a scheme approved under Professional Standards Legislation
* Client stories are true and correct but details have been changed and stock images used for privacy reasons
Limited liability by a scheme approved under
Professional Standards Legislation