Super concession cuts ignite SMSF debateBY MELANIE TIMBRELL | MONDAY, 10 SEP 2012 12:45PMReports that tax concessions to super will be cut by the Government to fund upcoming health and education initiatives have sparked debate in the industry over whether high balance super members and SMSFs in particular are paying their share. |
Editor's Choice
L1 Group sells Platinum's responsible entity to Equity Trustees
L1 Group has offloaded Platinum Investment Management Limited (PIML) to Equity Trustees (EQT), handing over the responsible entity (RE) role for the Platinum funds while keeping investment management in-house.
LGT poaches Koda Capital's top-rated adviser
LGT Wealth Management has poached Koda Capital's 2025 top-rated adviser and partner Frank Macindoe.
CareSuper rejigs beneficiary nominations, investment options
CareSuper has introduced several changes to its investment options and beneficiary nominations.
Fortnum pays $1.35m to settle ASIC lawsuit
Fortnum Private Wealth will pay a penalty of $1.35 million and ASIC's costs to resolve legal proceedings against the firm over a cyber governance matter which occurred between April 2021 and May 2023.
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Cliff Man
CHIEF EXECUTIVE OFFICER
ETF SHARES MANAGEMENT LTD
ETF SHARES MANAGEMENT LTD
ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
"They don't have people making contributions for them like ordinary employees do, so rationale was they should be able to put those premises in their super fund and enjoy tax concessions because it is their super."
And this is NOT a rort? Go figure..
I am now 73 and still able to work.it amazes me that the present regime has reduced the cap so how do the expect people to be self funding and not rely on Centrelink.We should be rewarded and not penalised