From 1 July 2014, Superannuation Funds in pension phase will be taxed at the rate of 15% on their earningsover $100,000 a year. Funds with earnings of below $100,000 a year will continue to be exempt from income tax. There is no change to tax in the accumulation phase, so non-retirees will not be affected. Withdrawals will continue to remain tax-freeRead more
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