How does superannuation affect taxation in Australia?

What are the tax implications of contributing to and withdrawing from superannuation funds in Australia?

Category: Tax Law
Location: San Lorenzo

Answers

Contributions to superannuation funds are generally taxed at a concessional rate, while withdrawals are taxed depending on the age and circumstances of the individual.

11 months ago

Tax-free withdrawals are possible under certain conditions, such as reaching preservation age and meeting retirement criteria.

11 months ago

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