Superannuation And Retirement Applications (SRA) Practice Questions - Superannuation And Retirement Applications (SRA) - Actuaries Institute Fellowship Program Exam

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In the Australian superannuation tax framework, what are the standard headline tax rates applied to Concessional Contributions and Accumulation-Phase Investment Earnings for complying funds?

15% tax on concessional contributions; 15% tax on accumulation-phase investment earnings (with a 1/3 CGT discount on assets held >12 months, yielding an effective 10% capital gains tax rate) 30% tax on contributions; 0% tax on earnings 0% tax on contributions; 45% tax on earnings 10% tax on contributions; 20% tax on earnings

Correct Answer:

15% tax on concessional contributions; 15% tax on accumulation-phase investment earnings (with a 1/3 CGT discount on assets held >12 months, yielding an effective 10% capital gains tax rate)

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