Valentina is age 40 and her superannuation balance is in the accumulation phase. For the current financial
Question:
Jody is age 68 and retired from the workforce. She holds part of her superannuation balance in the accumulation phase. For the current financial year her investments have produced income returns of $15000 and capital returns of $9500. The assets that produced the capital returns were owned by the fund for a period greater than 12 months.
How much earnings tax would apply to the total returns?
Anwen is age 61 and retired from the workforce. He has $640000 in a retirement phase income stream account. For the current financial year his investments have produced income returns of $6900 and realised capital returns of $12000. The assets that produced the capital returns were owned by the fund for only 6 months.
How much earnings tax would apply to the total returns?
Levi is age 64 and continues to work full-time. He has $375000 in a transition to retirement income stream account. For the current financial year his investments have produced income returns of $6900 and capital returns of $8600. The assets that produced the capital returns were owned by the fund for only 6 months.
How much earnings tax would apply to the total returns?
International Financial Reporting and Analysis
ISBN: 978-1408075012
5th edition
Authors: David Alexander, Anne Britton, Ann Jorissen