Commencing Pensions With Concessional Contributions
One of the trip wires of the current super system is that commencing a pension may invalidate a tax deduction for personal contributions. Consider the following example. The Member makes a $40,000 contribution to their own SMSF and intends to claim a tax deduction for the entire contribution (the Member is over 50 and entitled to the special concessional contribution limit).Filed Under Earned Income Tax Credit | Comments Off
Tagged With Earned Income Tax Credit, EITC
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