KINGSLEY FERDINANDS: Self Managed Superannuation Fund (SMSF) – Major Break Through

KINGSLEY FERDINANDS:  Self Managed Superannuation Fund (SMSF) – Major Break Through – 3.5% per cent tax rate

If elected to the Senate in 2013/14 Mr Ferdinands says, “Within 24 hours of the first day of the new Parliament the Self Managed Superannuation Fund (SMSF) will be reduced from 15.0% per cent to a new rate to 3.5% per cent”.

This is a significant figure and down more than 11.0% per cent.

This is a new policy development to allow mum and dad investors to do their job and find a better way to improve their returns over 20 years and take some risks in retail, mining and IT stocks.