What is the equivalent of a Roth IRA in Australia?
A web user asks, I’m reading the personal finance book “I Will Teach You To Be Rich” and the author talks about Roth IRA’s. Now, I Googled for these in Australia but return no results.
What is the Australian equivalent?
Can you help them out? Post your advice!
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Posted in Australia
well I’m not Australian or an expert on Australian tax law but a Roth IRA is just a retirement trust, that doesn’t tax your Capital Gain until you make a withdraw so my first through would be a Family Trust a.k.a. discretionary trust.
or if mutual funds are your thing a mutual fund with a dividend reinvestment plan would have the same affect
hope take helps