For some time, there has been compelling evidence that astute tax management of Australian equities can meaningfully boost returns for superannuation fund members. In some circumstances, gains of up to 50 basis points each year have been attributed to these efforts. The challenge facing investors now is to determine which after-tax strategies will best meet their needs. Last month, Investment Magazine and Parametric convened two roundtables with after-tax leaders to focus on how the barriers to implementing these strategies can be overcome. SIMON MUMME reports.

For Australian equities managers, three primary drivers of after-tax investment returns are available and should not be ignored: participating in off-market share buy-backs, preserving franking credits and, where possible, holding stocks for more than one year to incur a lower rate of capital gains tax (CGT) upon sale.

Simon Mumme became a fnancial journalist through a stroke of luck. Upon graduating with a Master of Journalism from The University of Queensland in 2006, he set out to fnd a news organisation that would employ him as an overseas correspondent or business reporter. Or both, ideally. Conexus Financial hired the bright-eyed cadet, and in the ensuing years he wrote for all of its titles until being appointed editor of Investment Magazine in June 2010. Under his guidance, the magazine continues to dominate the Australian institutional investment media through its authoritative, insightful and engaging feature stories and analysis. Outside of work, Simon trains keenly in Muay Thai kickboxing, revels in the surf breaks fringing the Sydney coastline and reads as much high-quality journalism and non-fiction writing as he can. Committed to his role as a niche business reporter, Simon is aware that an overseas posting as a correspondent still eludes him. He hopes Conexus can help him with that career goal too.
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