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Australians who withdrew super early without having lost work are under investigation — and might be facing a hefty tax bill – Yahoo Finance Australia
* The ATO will commence investigations into Australians who withdrew up to $10,000 of their superannuation despite being ineligible for the scheme. * Those caught will have the withdrawal amount added to their taxable income, netting the ATO up to 30% of the…
With more than $15 billion drained from super accounts in the space of a few short months, the powers that be are beginning to suspect there might be an issue with the scheme.
The Australian Taxatio…
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