Sentences with phrase «superannuation funds calculate»
The crystallisation calculator helps superannuation funds calculate the crystallised segment of the tax free component of a member's superannuation interest, including any pre-July 1983 component.
https://www.ato.gov.au/
Complying superannuation funds calculate their exempt current pension income using the segregated method [18A] or proportionate method.
Not exact matches
[3] Alternatively, the values used to calculate the proportion of exempt income that a complying superannuation fund or pooled superannuation trusts may be adjusted.
If you are a trustee of a self - managed superannuation fund (SMSF) or a small APRA fund, your members» total superannuation balances will determine whether you can use the segregated assets method to calculate exempt current pension income (ECPI).
They do not apply for other purposes such as determining when a superannuation income stream ceases for the purposes of calculating a fund's exempt current pension income.
ATO ID 2007/219 referred to the situation where the superannuation fund could not calculate the tax paid on amounts in the member's accounts as the fund's records «do not track the effect of fund tax on individual accounts over the membership period».
The net earnings of the spouse, civil partner or cohabitant were calculated as the gross earnings less Income Tax, PRSI, Superannuation, Trade Union dues and Health Insurance premiums (e.g. VHI or similar health insurance premiums, Hospital Saturday Fund etc.).