Split contributions to yield tax benefits.

Australasian Business Intelligence, October, 2003

Oct 14, 2003 (The Australian Financial Review - ABIX via COMTEX)

Proposed changes to Australian superannuation for couples would introduce a retirement tax arbitrage. That is according to Peter Haggstrom of Deutsche Asset Management, who also admits the proposed measures, allowing a high-income spouse to direct super payments to the account of a lower-income spouse, are likely to face Parliamentary opposition. Contributions will not accrue tax benefits, but end-payments, for both lump-sum and income stream methods, will pay less tax.

Publication Date: 15 October 2003

DEUTSCHE ASSET MANAGEMENT 
      (AUSTRALIA) LIMITED 

By John Wasiliev

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