tag:blogger.com,1999:blog-31350666.post5270612147167823049..comments2024-03-12T18:10:53.002+11:00Comments on Enough Wealth: Investment Bond initial investment and first quarterly contributionenoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-31350666.post-9762420523734802352021-02-18T23:37:13.963+11:002021-02-18T23:37:13.963+11:00Yeah, you're correct. It has to do with the to...Yeah, you're correct. It has to do with the total earnings (income and CG) of the IB, not just CG. If you take money out of an IB before year 8 the earnings of the IB you withdraw will be assessable to you, minus a 30% tax offset (for the amount of tax paid by the IB). If you hold it 8 years then 2/3 of the IB earnings are assessable (-30% tax offset), after 9 years 1/3 of the IB earnings areenoughwealth@yahoo.comhttps://www.blogger.com/profile/09371028394685288035noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-17822275410262067892021-02-18T11:19:08.976+11:002021-02-18T11:19:08.976+11:00I'm confused by your comments on CGT. I though...I'm confused by your comments on CGT. I thought an IB was taxed at 30% unless it was reset by adding a new too big contribution or broken early. The long-term capital gains tax rate is less than this, even for the top tax bracket.mOOmhttps://www.blogger.com/profile/03440274434662150925noreply@blogger.com