Martin R Bowen Chartered Accountant
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About Martin R Bowen Chartered Accountant
Superannuation can provide a regular income in retirement. As income as a superannuation fund is taxed at 15% it provides a tax effective environment for investing. Once a fund is in pension phase the income of the fund may be tax free. Under current proposals an individual can have up to $1.6 million in super before the fund is liable for tax once a pension commences.
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Keywords: financial services