Super tax concessions not overly generous: MercerBY BEN COLLINS | MONDAY, 11 FEB 2013 12:30PMAgainst the backdrop of intense political debate, Mercer has released research which it states proves Australians do not receive unfair tax advantages through superannuation. |
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.
It is now even more imperative that people start saving early...but apathy and mistrust are high just as job security is low. With the SG increasing, I hope that we will start to see a shift in engagement and then have the ability to warn people ahead of time that they must start early as they won't be able to play catch up later.
But what about the under 60 retirees and especially the Transition to Retirement.
Looks like thats under a big cloud.
If she wasnt going to tax that then she would have already said so.
The fact that its been left out means its almost certain it will be taxed.
So will Transition to Retirement be affected in the future?
In the abscence of any real argument, one is left to assume there are other motivations.
If as a result of "Award Modernisation" and other legislative change, Industry funds are the recipient of increased inflows, you could come to a conclusion that those controlling them have more influence while the resulting increased tax revenue contributes significantly to a government being able to balance their books.
To be blunt, controlling the purse strings of the superannuation system and maintaining power at the expense of retirees (ultimately, all of us).