Editor's Choice
Platinum announces strategic review
Platinum said following the review Platinum Capital and Platinum Asia Investments may be wound up.
Sequoia chief's job at stake in upcoming EGM
Sequoia Financial Group will hold an Extraordinary General Meeting (EGM) in June that will consider a resolution to remove chief executive and managing director Garry Crole.
Scott Farquhar steps down from Atlassian
After more than two decades at the helm, Scott Farquhar will step down as co-chief executive of Atlassian.
Goldman Sachs ditches robo-adviser Marcus Invest
The investment bank is offloading Marcus Invest to Betterment just three years after announcing it will launch the digital adviser.
Further Reading
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
Why bother trying to save for your retirement if, when you get there, stupid policy changes by a government, although in denial of a budget crisis and hell bent on continuing their spending frenzy, decide to cut you off at the knees?
Does Shorten think that those individuals who he's now targeting, haven't paid their fair share of taxes along the way?
While you are at it, maybe the independent parliamentary budgetary office can do a costing on what the ridiculously over-generous parliamentary retirement entitlements cost the tax payer every year...start there.
Our illustrious SA State Govt workers get the option to salary sacrifice as much of their wage into super as they wish avoiding the annual $30k and $35k concessional contribution cap (replaced with a $1.355m lifetime cap). How much is that costing in lost taxation revenue?
Why hasn't the media exposed that rort for what it is?
Make sure your own back yard is neat and tidy before you venture into someone else's.
Naturally the ALP will continue to use superannuation as a diversion from any consideration or discussion on raising the GST and the its coverage. Far easier to hit a smaller target group of self-funded retirees and small business owners who never could afford any superannuation until they sold their business' rather have a rational discussion about an across the board equitable tax increase.
If NZ can raise the GST to 15% and make provision for relief to lower incomes to offset the impact why can't we?
Apart from that, $1.5m in super for a retired 65 year old with a 30 year life expectancy is unlikely to be enough to keep totally free of the age pension, which at its current top rate of 33K would need in excess of $1m to cover it.
I presume that Bowen and Shorten's tax- payer funded superannuation pensions will also be subject to exactly the same regime - now that WILL raise some revenue !