Business Services Industry
The million dollar question.
Australasian Business Intelligence, April, 2007
Byline: Mike Taylor
Apr 11, 2007 (Money Management - ABIX via COMTEX) -- Reforms announced in the 2006 Budget have added to the appeal of superannuation as an investment vehicle. Financial planners have witnessed increased interest in super as a result of the "simpler super" reforms, in particular the chance to allocate a tax-advantaged $A1 million to super by 30 June 2007. Officials from the Australian Taxation Office and the Australian Prudential Regulation Authority confirm that people are taking more interest in super. Mercer Wealth Solutions notes that people interested in making a one-off $A1 million contribution have many factors to consider, even under the simplified super regime.
Publication Date: 5 April 2007
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