Glebe

FAQ TAX & FEES FEES, TAXES, DUTIES AND CHARGES TAXATION STATEMENTS TAX FILE NUMBERS SOCIAL SECURITY DEEMING PROVISIONS [ Site Map ] [ Types of accounts ] [ Application for an account ] [ Current Interest Rates ] [ Fees, Taxes, Duties & Charges ] [ Withdrawals ] [ Privacy ] [ Terms & Conditions ]
		FEES, TAXES, DUTIES AND CHARGES As an investor in the Glebe Income Accounts, you will not pay any entry or exit fees to Glebe Administration Board (GAB). Your account is also free of management and account keeping fees. However, some normal government taxes, duties and charges may still apply. Please check with Glebe Income Accounts for the latest information. GAB reserves the right to recoup any fees incurred in the operation of the Accounts. Please refer to the schedule of fees. GAB reserves the right to recoup any duties or taxes incurred by it in connection with any investment under the offer document and to make withholding tax and other taxation deductions where required to do so under any applicable taxation laws.	[ GO TO TOP ]
		TAXATION STATEMENTS In July of each year, Glebe Administration Board will forward to you a statement providing details of your investment and the interest you have earned during the preceding taxation year to 30th June. The interest earned on investments in the Glebe Income Accounts should be included in your assessable income on your taxation return. As taxation implications will vary, we recommend that you seek professional taxation advice relevant to your personal circumstances.	[ GO TO TOP ]
		TAX FILE NUMBERS The collection of Tax File Numbers is authorised and their use and disclosure are strictly regulated by tax laws and the Privacy Act 1988 (Cwlth). It is not compulsory to quote your Tax File Number. However, if you do not, Glebe Administration Board may deduct tax from your interest at the highest marginal rate plus the Medicare Levy. Some investors, such as pensioners and organisations not required to lodge a tax return, may be entitled to an exemption and this should be indicated on the application form.	[ GO TO TOP ]
		SOCIAL SECURITY DEEMING PROVISIONS Investments are not exempt from the deeming provisions on financial investments made by Social Security recipients. We recommend that you seek professional advice on this matter.	[ GO TO TOP ]