Sentences with phrase «tax free element»
Not exact matches
The payment may be made up of two components — a tax - free component, and a taxable component (that may have a taxed element and / or an untaxed element).
https://www.ato.gov.au/
For members aged 60 years or older, benefits paid from the taxed element of the super income stream will be tax free.
The sum of the taxed element and tax - free components ($ 60,000) is counted towards the defined benefit income cap of $ 100,000 first.
She receives $ 60,000 in 2017 — 18 which is partially from a taxed source and partially untaxed (tax - free component $ 40,000 and untaxed element $ 20,000)
The tax - free component for an untaxed element is only calculated when a lump sum benefit is withdrawn from your fund or rolled over into a taxed super fund.
The super interest includes a tax - free component of $ 100,000 (made up of $ 50,000 contributions segment and $ 50,000 crystallised segment) and the taxable component is $ 300,000 consisting solely of an untaxed element.
The modification to the proportioning rule means that the tax - free component of the benefit is increased, and the untaxed element is reduced, by the lesser of the following amounts:
I guess it pays for landscaping, snowplowing and maintenance / upkeep of other common elements... But the point is that I'm mortgage free but still shelling out cash on condo fees + property taxes that add up to about $ 600 a month.
The tax - free component of Peter's lump sum is increased, and the untaxed element is reduced, by the lesser of: