Contributions Tax: tax applied to certain contributions to a superannuation fund. Currency gains: the contribution to a security's capital gain attributed to movements in the currency in which the asset was denominated.
Contributions Tax: Income tax charged on assessable income of superannuation fund. This tax (currently 15%) is applied to assessable contributions, including employer, salary sacrifice and personal deductible contributions and investment earnings.
To avoid the 100% contributions tax, contributions to REMICs must be made on the startup day.
See also: Offer, Dividends, Bear, Portfolio, Market
 
|