The new financial year is the perfect time for the self employed to reconsider their superannuation options or to invest in superannuation for the first time.
CPA Australia says that there are many benefits to consolidating multiple superannuation accounts into one; a reduction of paperwork, less fees payable, and if you act before 1 July 2007, less tax charged on your superannuation benefit.
Investors should not get swept up in the rush to contribute $1 million to superannuation before the 1 July 2007 deadline as there are costs and risks of acting too hastily, warns CPA Australia.
The new financial year is the perfect time for the self employed to reconsider their superannuation options or to invest in superannuation for the first time.
CPA Australia says that there are many benefits to consolidating multiple superannuation accounts into one; a reduction of paperwork, less fees payable, and if you act before 1 July 2007, less tax charged on your superannuation benefit.
Investors should not get swept up in the rush to contribute $1 million to superannuation before the 1 July 2007 deadline as there are costs and risks of acting too hastily, warns CPA Australia.
This page is available online at:
http://www.cpaaustralia.com.au/cps/rde/xchg/cpa/hs.xsl/10571_ENA_HTML.htm
