Special Income

This is income that you shouldn’t generally receive, it is income receive from a related party and considerd to be income that is not received on a arms length basis. It is usually private company dividends or trust distributions. This income is taxed at the top marginal rate currently 45%, <click here for rate changes>

However special income is not income that appears excessive, such as substantial private company dividends received from a small investment in a private company, where the private company is not controlled by the superfund, its members, relatives, associates etc.

Here’s what the ATO has to say <ATO-Link>.