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Showing 1151 - 1160 of 6841 results for "Tax"

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... the death and TPD premiums and to nil for income protection. However, Hostplus members will no longer directly receive the tax rebate effect. "Merging the funds will bring opportunities for greater scale and cost efficiencies, which both trustees believe ...

Action on super gap slow, small

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... full-time in Australia earn 16.8% more than women. In the part-time workforce, the gender pay gap widens to 31.3%. The Australian Tax Office reports women's median superannuation account balances are 20.5% less than those of men at retirement age. The ...

Direct indexing: The next evolution?

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... this case, they may want to consider direct indexing," she said. Zorina added that other benefit of direct indexing includes tax optimisation or increasing or decreasing an investor's exposure to certain- securities. "Sometimes, investors may have ...

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... while corporate funds added just $3 billion to sit at $61.1 billion at the end of 2021. In the SMSF sector, the Australian Tax Office's latest December 2021 quarterly figures reveal that 6788 funds were set up and only 163 shut down, leaving a net ...

Chief economist: Is this a buy op?

BENJAMIN ONG  |  FRIDAY, 25 FEB 2022
... starting as early as May. Australia could ride the wave of higher commodity prices but then again, rising inflation is a de facto tax on consumer confidence and consumption and, by extension, company earnings and investment returns. Expectations for ...

SMSFA welcomes ATO adjustments

CHLOE WALKER  |  THURSDAY, 24 FEB 2022
The SMSF Association has welcomed adjustments made by the Australian Tax Office (ATO) to align its SMSF performance calculations more closely with the methodology used for APRA-regulated funds. In its 2019-20 SMSF statistical overview report, the ATO ...

Family offices embrace crypto: BNY Mellon

CHLOE WALKER  |  THURSDAY, 24 FEB 2022
... to some degree, yet only 30% have documented strategies. Of those that do give, measuring impact (52%) and realising some tax advantage (47%) are two important elements to giving. Succession planning is also viewed as extremely or very important by two ...

IOOF reveals first results as Insignia

ELIZABETH MCARTHUR  |  THURSDAY, 24 FEB 2022
... now known as Insignia Financial, has delivered a firm first half result. The company reported underlying net profit after tax up 79% on the previous corresponding period, a gross margin of $778.4 million up 122% including a six-month contribution from ...

HESTA endorses super splitting initiative

CHLOE WALKER  |  WEDNESDAY, 23 FEB 2022
HESTA is recommending super funds adopt a new process to make the splitting of assets easier following the results of a successful pilot program. HESTA is the first Australian super fund to adopt the Simpler Super Splitting initiative, which uses a ...

SMSF sector grows 11%: ATO stats

JAMIE WILLIAMSON  |  TUESDAY, 22 FEB 2022
The latest annual figures from the ATO show the SMSF sector bounced back from the horrors of COVID-19 to add $80 billion in the year to 30 June 2021. Releasing data today, the ATO said total assets in SMSFs hit $822 billion at 30 June 2021. This is ...