› Flat Chat Strata Forum › Finance, budgeting and loans › Strata Plan Monies in Investment Account › Current Page
22/09/2021 at 9:43 am
#58504
Just some points that Taps originally started with.
- Paying for having Tax returns done. Strata Plans are all required to lodge Tax returns, so investment account or not. you still lodge one. So no savings on having the return done regardless of having or not having an investment account, as inhouse tax returns are usually a set fee.
- Interest and Tax. You only pay tax on what you earn, so unless you have a concern for your personal tax return being adversely affected I see no issue with paying 30% tax on a Profit made. Its still 70% return to the OC on the interest. Today its not much but its money the OC would not get if in a no interest account.