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Showing 1011 - 1020 of 6895 results for "Tax"

Gender super balance parity four decades away: ISA

CHLOE WALKER  |  WEDNESDAY, 8 MAR 2023
... Superannuation Funds of Australia (ASFA) is calling on the government to commit to closing the retirement savings gender gap using the tax revenue generated by the proposed $3 million cap on superannuation. ASFA senior policy advisor Helena Gibson said ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
If a male and female customer, each experiencing the same car troubles, take their vehicles for repairs to the same mechanic, who is more likely to get ripped off? That a woman will end up paying more is a tired cliché that continues to play out in ...

TIP Group to acquire advice firm

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... private lending and financial services licensing and compliance. Enva reported FY22 revenue of $1.8 million and net profit after tax (NPAT) of $0.4 million. As part of the acquisition, TIP will claim a 100% stake in both Enva Australia Pty Ltd and Enva ...

Magellan sees more outflows

CHLOE WALKER  |  MONDAY, 6 MAR 2023
... billion in outflows. The unfortunate news for the once prosperous Magellan comes after it reported a statutory net profit after tax of $83.8 million for the second half of 2022. Last month, Magellan chief executive and chief investment officer David ...

Unindexed cap forecast to impact 500k people

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
... ATO data found a significant portion of Australian taxpayers will breach the cap in their lifetime and face a 30% earnings tax. Of those impacted, 204,000 will be under 30, while 135,541 will be between 30 and 34 and 65,126 will be between 35 and 39. ...

Super on PPL a drop in the ocean

CASSANDRA BALDINI  |  THURSDAY, 2 MAR 2023
... again shone light on the super gender gap. The Labor Party will stand to save about $2 billion once it doubles concessional tax rates for balances over $3 million but has only softly committed to paying super on PPL when it can afford to. In a new Financial ...

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
Last month, Treasurer Jim Chalmers pledged to end the super wars, but opposition to proposed super tax changes suggest a resolution is unlikely. Opposition leader Peter Dutton stated that he's "dead against" the government's proposed tax changes ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... Australia, the Australian Institute of Superannuation Trustees (AIST) and Financial Services Council (FSC) welcomed the increase in tax rates for super balances over $3 million. Super Consumers Australia director Xavier O'Halloran said: "The proposed ...

Government to double tax for high super balances

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
The government will double the concessional tax rate for superannuation balances over $3 million, affecting 80,000 people or 0.5% of super accounts. Commencing 2025/26, superannuation earnings in the accumulation phase that exceed $3 million will face ...

Economic landscape spurs advice model rethink

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... investment performance. Instead, they are adding value in areas such as budgeting and cashflow management, debt, superannuation, tax, Centrelink, retirement planning, estate planning and aged care, Desktop Broker found. Additionally, advisers are increasing ...