Certain types of
income, such as Social Security benefits, unemployment benefits, some types of retirement
income, and disability benefits, are
safe from collection lawsuits under any circumstances.
Trustees whose LRBAs are structured on terms consistent with the
safe harbour guidelines can be
certain they will not be subject to the Non-Arm's Length
Income (NALI) provisions, which result in relevant income being taxed at the highest marginal rate of 47 per cent rather than the lower rates that ordinarily apply to income of
Income (NALI) provisions, which result in relevant
income being taxed at the highest marginal rate of 47 per cent rather than the lower rates that ordinarily apply to income of
income being taxed at the highest marginal rate of 47 per cent rather than the lower rates that ordinarily apply to
income of
income of SMSFs.