David Hasib’s – Wealth Planning Tip
An SMSF paying tax at the top marginal rate on investment income it receives is not usually ideal for clients but it can still lead to a favourable outcome.
For example, an SMSF would pay tax at the highest marginal rate on a distribution it receives from a discretionary trust, but if the client is already in this same tax bracket, they may not be disadvantaged.
The funds could now be invested in the highly concessional superannuation tax environment and there would be no contribution cap considerations as NALI is income not a contribution. As long as the NALI is reported correctly it is not a breach.
If you would like to know more about how we may be able to help you plan for your future, call us on 1300 99 77 34 or email your enquiry to FinancialOptions@chan-naylor.com.au for a complementary initial consultation.
David Hasib – Director,
Chan & Naylor Wealth Planning www.chan-naylor.com.au
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