Category Archives: minors

Did the budget announcement removing the ability of minors with “unearned” income to use the low income tax offset kill off the splitting industry? The key question is “how low can you go?” No, not the treasurer, though I would still like a word with him about the old “no changes to superannuation pledge”, but the advisers. The old splitting regime saved a trustee, or a taxpayer at the top marginal rate, $3,333 per minor child. The saving came about … Continue reading →