Scenario 1: No Income Tax minimisation (Wishful family)

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Watch the complete video - THE CONVENIENT TRUTH ABOUT WILLS www.youtube.com In scenario 1, B1 invests the inheritance he now owns, and receives a return on the investment of 000 per annum. As B1 already has a good income from his job, the income on the inheritance is taxed as additional taxable income, resulting in the ATO taking up to 40%, or 000 each year in additional tax...making B1 very frustrated indeed, and the ATO an additional and ongoing beneficiary of Mr & Mrs Wishful's estate. Speak to the experts, speak to RetireLaw

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