Alternative wealth accumulation structures

Technical services manager Julie Steed talks to SMS magazine about how the reductions to the non-concessional contribution caps has meant many clients are seeking alternative wealth accumulation vehicles.

The reduction in the non-concessional contribution cap to $100,000 a year and to nil for clients with total super balances of $1.6 million or more has meant many clients are seeking alternative wealth accumulation vehicles.

For clients with adjusted taxable incomes of $250,000 a year, the impact of the additional 15 per cent Division 293 tax on contributions makes certain alternative vehicles tax neutral when compared to super.

SMS magazine has published an article by Julie Steed , our Senior Technical Services Manager on this topic.

Read the full article