Education Investment Funding

By: S Baker & Co Pty Ltd  01-Dec-2010
Keywords: Business and Personal Tax and Accounting, Superannuation, Financial Planning, Property and Equipment

An Education Investment Fund (also referred to as the ‘Fund’) is a special type of investment product which is classified as a ‘scholarship plan’ in accordance with the Income Tax Assessment Act 1997. This entitles it to obtain a special tax benefit (ETB), which is passed on to you, worth up to $30 for every $70 of earnings used to pay education expenses. The ETB is added to the amount withdrawn from the Earnings Account, and the combined amount is paid as the education benefit.

Keywords: Business and Personal Tax and Accounting, Superannuation, Financial Planning, Property and Equipment

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21-May-2010

Accounting, taxation and business advice

We provide annual tax and accounting compliance services, assist with wealth creation, income and life insurances, property insurance, property investment