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Showing 1081 - 1090 of 2469 results for "Budget"

Advisers not impressed with budget changes

KERRIE SYDEE  |  THURSDAY, 5 MAY 2016
More than 50% of advisers believe that the federal budget will have a negative impact on their clients but agree that it will drive an increase in the need for advice, according to a survey from Midwinter. The survey garnered responses from 103 Australian ...

Government acts on income streams review

DARREN SNYDER  |  WEDNESDAY, 4 MAY 2016
Going some way to form the federal government's superannuation budget agenda last night was Treasury's release of the Retirement Income Streams Review. Based on the review's seven recommendations the government has decided to remove tax barriers to ...

Advisers encouraged to review changes carefully

KERRIE SYDEE  |  WEDNESDAY, 4 MAY 2016
A higher than expected number of changes to superannuation delivered in the 2016 federal budget will keep financial advisers on their toes, as they work to update financial plans in line with the changes. From 1 July 2017, the tax exempt status of income ...

Budget delivers blow to aged care

KERRIE SYDEE  |  WEDNESDAY, 4 MAY 2016
... billion over four years, in a move the government claims was the result of greater than expected growth in expenditure. The budget papers state that the efficiencies will be achieved through "changes to the scoring matrix of the Aged Care Funding Instrument ...

Government finds $2.9 billion from super tax

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... income spouse's super account. A lifetime non-concessional contributions cap of $500,000 has also been established. In his budget speech Morrison said the transfer balance cap, lifetime non-concessional cap and the 30% contributions tax for those on ...

Super objective paves way for taxation changes

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
The Federal Government has made several budget announcements around its reaffirmation of enshrining the objective of superannuation in law, including taxing the earnings of Transition to Retirement Income Streams. A joint statement from Treasurer Scott ...

What the budget means for you

MARK SMITH  |  TUESDAY, 3 MAY 2016
The first budget of the Turnbull government will impact financial services companies operating right across the Australian wealth creation value chain from the largest institutions right down to smallest independent advice firms. Treasurer Scott Morrison's ...

Government allocates $920m pa for Smart Cities infrastructure

ALEX BURKE  |  TUESDAY, 3 MAY 2016
... crash sites), heavy vehicle safety, bridges maintenance and maintenance of national transport networks. Specifically, the Budget provisions for $261 million to the Perth Freight Link, $490 million to the Perth Forrestfield-Airport Link, $200 million ...

Labor supports tax cuts

MARK SMITH  |  TUESDAY, 3 MAY 2016
... help those on lower incomes. "Seventy-five per cent of Australian taxpayers miss out on a tax cut in this government's Budget and those that do get a tax cut - those on $87,000 per year - get about $6 per week. But we will support it. Those people are ...

Budget big picture

ALEX DUNNIN  |  TUESDAY, 3 MAY 2016
A budget deficit of $40 billion on its way down to just $6 billion in four years masks a massive 29% increase in tax revenue over the forward estimates, pointing to why Treasurer Scott Morrison has had to go after high-end superannuants and multi-nationals. ...