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Be earnest with franking

Article Abstract:

Self-managed Superannuation Funds (SMSFs) receiving franked dividend must include an extra amount, called the imputation credit, in its assessable income. If self-managed superannuation funds is to be entitled to use tax credits it needs to satisfy the franking credit trading rules as the small shareholder exemption available to individuals who receive franking credits that do not exceed 5000 dollars does not apply to superannuation funds including SMSFs.

Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Capital funds & cash flow, Dividends, Dividend Policy, Valuation, Company dividends

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Lump sum or rollover?

Article Abstract:

Deploying a redundancy package requires some careful thought if one wants to maximize his tax benefit. According to Paul, who is retrenched from his job, he would take the redundancy money in cash and pay it off the mortgage in order to avoid repayments each month.

Employee Termination, Economic aspects, Employee dismissals, Employment terminations

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Terminated and taxed

Article Abstract:

Paul, an employee, was forced to leave his job after many years of service with a redundancy payment. Special tax rules applied to the redundant employee are discussed.

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