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Showing 91 - 100 of 213 results for "Super tax"

Act like a professional to be a professional: Slattery

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2017
... sustainable and flexible, and generate strong benefits for every superannuant," Turnbull said. Turnbull described the super tax reform package as necessary in ensuring the sustainability of superannuation tax concessions. "Tax concessions will now be ...

Super taxes break $35bn budget hit

ALEX DUNNIN  |  WEDNESDAY, 1 FEB 2017
Treasury has released its latest Taxation Expenditures Statement and it reveals the cost of superannuation's tax breaks to now be $35 billion and on track to climb a further 34% within the next four years. Superannuation taxation expenditures in 2015-16 ...

Super tax receipts to reach $8bn: MYEFO

DARREN SNYDER  |  MONDAY, 19 DEC 2016
The biggest changes to superannuation in a decade will cost the Federal Government $130 million in revenue but improve its underlying cash balance by about $3 billion out to 2020. These figures formed part of the government's Mid-Year Economic and Fiscal ...

Super clarity presents adviser opportunity

KERRIE SYDEE  |  FRIDAY, 9 DEC 2016
... still remains fundamentally attractive, consultant Rice Warner says. While the changes are some of the biggest to the super tax system in the last decade they present an opportunity for financial advisers to help clients navigate their way to achieving ...

Retiree expenditure remains modest: study

DARREN SNYDER  |  TUESDAY, 23 AUG 2016
... research challenged perceptions of retiree expenditure and was timely given the current discussion around fairness of super tax concessions, super's objective and what is considered to be an 'adequate' income in retirement. "Learning more about what ...

O'Dwyer says life insurance back on the agenda

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... wealth to pass on to the next generation," alluding to the Coalition's controversial $1.6 million accumulation cap. "Super tax concessions need to be sustainable. We will soon be releasing exposure draft legislation and will consult on this issue," she ...

Super needs calm after budget shake-up: Vamos

DARREN SNYDER  |  FRIDAY, 13 MAY 2016
... estimates, affecting more than 1.2 million super fund members. However the "not so bad news" - which includes the low income super tax offset, the tax deduction for personal contributions, the catch-up concessional contributions provision, the relaxation ...

Government finds $2.9 billion from super tax

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
The realm of superannuation taxation has shifted with Federal Treasurer Scott Morrison announcing new measures that will deliver a net revenue boost of $2.9 billion over the next four years. After superannuation representative groups welcomed no new ...

Reforms aimed at supporting women

KERRIE SYDEE  |  TUESDAY, 3 MAY 2016
... executive officer at Australian Institute of Superannuation trustees (AIST) Tom Garcia said that the decision to rethink a super tax break for low income earners was a much needed win, particularly for women. "This is a welcome - but very necessary - ...

ISA calls out pre-Budget arguments on contribution caps

DARREN SNYDER  |  FRIDAY, 29 APR 2016
... shows a small number of high income employees, with super balances averaging $600,000, are the main beneficiaries of super tax concessions on large voluntary contributions made under existing caps of $30,000 to $35,000 a year. "The numbers tell us the ...