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Joint investments

Which of the three options do you think should be used to allocate income to each owner?

Which of the three options do you think should be used to allocate income to each owner?

Comments

Colin Walker
We currently attribute PIE tax at the highest PIR of the account owners and the Tax Certificate is sent to the nominated "primary owner", which I guess is the same as option 1. Any requirement upon us as payers to attribute tax to an individual rather than an account would be a very major change to our systems and hugely expensive for the industry to implement.

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1 month ago
Andrew
3

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1 month ago
Robert Hicks
Option 3 would appear to be best. Joint account income evenly divided between the owners. This would suit the majority of retirees where their main income source is Superannuation. Option 2 could easily become very confusing when the majority of the income was from investments. How do you decide how to proportion the investment income when the investment income is much larger than any other income sources?

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3 weeks ago
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