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On this episode of The nestegg Podcast, the CEO of Industry Super Australia, Bernie Dean, shares his insights into the impact of COVID-19 on super funds.

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Bernie joins host Grace Ormsby to unpack how the economic downturn has been affecting different demographics, why many in the older age bracket are experiencing increased levels of anxiety, and what those people can do to preserve their nest egg and minimise their losses.

Bernie also delves into Industry Super Australia’s stance towards accessing superannuation early as part of the government’s stimulus measures, whether now is a good time for people with the means to contribute extra to their super, and industry fund plans for a road to recovery for both their members and the national economy.

Thanks Bernie, for sharing your insights with the nestegg podcast team!

You can keep up to date with what Industry Super Australia are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Friday, 05 June 2020

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Why ETFs are ‘more tax efficient’ than other funds

By Killian Plastow · June 26 2017

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Invest

Why ETFs are ‘more tax efficient’ than other funds

By Killian Plastow
June 26 2017

Reading:

State Street Global Advisors, SSGA, State Street, Thomas Reif, ETF, Managed fund,

Why ETFs are ‘more tax efficient’ than other funds

By Killian Plastow · June 26 2017

Reading:

Recent years have seen investors increasingly move into exchange-traded funds (ETFs) for a host of reasons, according to State Street Global Advisors, with one major advantage being the different way ETF tax is computed.

Thomas Reif, one of State Street Global Advisors portfolio managers, says investors stand to benefit from being aware of the ways in which their investments are taxed.

Mr Reif said ETFs are a “more tax efficient vehicle” than other traditional managed funds because an ETF unit-holder pays their own tax.

“That might sound like a bit of a surprise. Surely you pay your own tax on all investment schemes? Well, that’s not the case,” he said.

In traditional managed funds, the capital gains tax that needs to be paid when another investor chooses to redeem their units is paid for from the shared pool of capital invested in the fund, meaning those who do not redeem their units will indirectly pay taxes for those who do.

“If you buy an ETF at a certain price, let’s call it a dollar, and you sell it subsequently for $1.10, you pay tax on the ten cents of capital gains,” Mr Reif said.

“In mutual funds, or a traditional investment scheme, you may pay tax, but it depends on what other capital gains are earned by other investors.”

Additionally, ETFs that invest in Australian will benefit from the franking credits of their underlying shares, further adding to their tax advantages, Mr Reif said.