SMSFs pay little tax: report

By Staff Reporter

The data show over 400,000 funds across the nation generated $32. 9 billion of gross taxable income, but almost half of that was exempt from tax as it was already in the ‘pension phase’. “It’s a problem isn’t it? ” Tria Investment Partners principal Andrew Baker told the AFR. “It’s unlikely SMSFs are ever going to pay a substantial amount of tax as a segment.

Read more here: Business Spectator

    

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