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
The top investment funds over the past year
The top-performing investment funds for the year ending March 31 have been announced, with all being ETFs focused on international equities.
AFCA finds more Dixon Advisory victims
The Australian Financial Complaints Authority added 544 more Dixon Advisory-specific victims to total 2492 complaints at the end of April, which will further exacerbate the levy financial advisers must pay.
Senior Cbus investment manager exits
Cbus' head of total portfolio management has left the fund, while a former JANA executive has joined its infrastructure team.
Quality of retirement does not depend on super balance: Bragg
The Senate Economics Committee has released its interim report into using super for housing.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
"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