Tax Planning Strategy 158 | Low Income Superannuation Tax Offset
The Low-Income Superannuation Tax Offset ((LISTO) allows individuals with an adjusted taxable income of $37,000 or less to receive an effective refund of the tax paid on their concessional contributions, up to a cap of $445. The offset cuts out completely at a taxable income of $66,667.
Similar posts you may like
- Public relations
Public relations (PR) attempts to control the spread of information between a business and the public. PR uses free methods to reach a large Read more
- Illegal Tax Saving Strategies
Illegal tax saving strategies damage the fabric of society and Government policy is clearly to minimise or eliminate them. If tax avoidance is left Read more
- How can businesses use ChatGPT?
Businesses can leverage ChatGPT, or similar language models, to enhance their operations and customer interactions. Here are some common use cases for businesses: Customer Read more
- The Double Irish Tax Strategy
The double Irish tax strategy has been used since the late 1980s by some multinational corporations (including Apple, Google, Microsoft and Facebook) to lower Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2