It is now possible for the average to achieve a tax free environment while living in Australia.
If you are receiving a self funded pension this will generally attract 0 tax.
That is:
1. The earnings on the balances will be tax free; and
2. The pension paid to you will also be tax free.
Refer to 295 F Income Tax Assessment Act (ITAA 1997).
If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com
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