Business
Will my super payouts be taxed more after budget? – The Australian Financial Review
Only personal rates were changed, says John Wasiliev, who outlines how tax works on a combination of income from super and assets held in your own name.
With regard to super, your age when you retire is an important consideration. As stated previously, if you are over 60 and your super is paying you an income stream from a taxed fund meaning a super fund that paid tax during the accumulation stage then the income received will be exempt from tax and wont need to be included in your personal income tax return.
But if you are under 60, says Brisbane superannuation strategist Darren Kingdonof Kingdon Financial Group, there would generally be an as…
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