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kjn

Posted 17/06/2007 3:53:40 AM

Junior Member

Group: Forum Members
Last Login: 27/03/2008 8:34:26 PM
Posts: 6, Visits: 253

I am planning to take advantage of the Transition to Retirement Pension in July or August this year.

Does the new MySF upgrade accommodate that the earnings and capital gains then becomes tax free within the fund whilst my employers SGC and my salary sacrifice contributions will (as far as I understand it) be subject to the contribution tax of 15%.

Post #3319

MySF2

Posted 17/06/2007 10:07:04 PM

MySF Administrator

Group: Administrators
Last Login: 4/11/2010 3:24:01 PM
Posts: 464, Visits: 633

Hi,

This change and others that are required to comply with recent changes in legislation will be made available as part of another update.

The majority of the modifications needed relate to the taxation level applied to various accounts under different circumstances and therefore affect end of year calculations as well as profit and loss reporting during the year.

At this time we are planning to release the next update in mid-August, which will include modifications based on feedback for 3.0.0. Soon thereafter we will release an update that includes the changes needed to comply with changes in legislation.

Regards,

MySF

Post #3325

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