Exempt Pension Income

Exempt Pension Income

The Exempt Pension figure in the Tax Reconciliation Report is the actuarial percentage multiplied by the Taxable Income of the SuperFund. It does not look at expenses.

The Exempt  Pension Income can be checked by taking the Taxable Income  from the Investment Income Report and multiplying it by the Actuarial Percentage.

In the above example it is  $100,000 x 60% = $60,000. 

Program and version

SuperFund, all versions