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Showing 111 - 120 of 225 results for "Saver"

First home super scheme may not make it to parliament in 2018

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... which provides updates to existing legislation for Commonwealth employees, judges and parliamentarians. The First Home Super Saver Scheme (FHSSS), residential downsizing incentives, closing of the superannuation guarantee loophole, and the expansion ...

Fiduciary rule introduced in United States

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2017
Financial advisers in the United States are now required to act in the best interests of clients in a bid to prevent the US$17 billion lost by retirement savers each year. Last Friday, the US Department of Labor partially introduced the impartial conduct ...

Stamp duty axing treated with caution

EMMA RAPAPORT  |  FRIDAY, 2 JUN 2017
The NSW Government decision to abolish all stamp duty for first homebuyers on existing and new homes up to $650,000, and stamp duty discounts up to $800,000, is being met with caution from a financial adviser. Announced by Premier Gladys Berejiklian ...

Advisers doubtful over super home deposit scheme

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
The practicality of the Federal Government's proposed first home superannuation saver scheme is raising concerns with several financial advisers. HLB Mann Judd wealth management manager Lindzi Caputo said there are still a lot of questions surrounding ...

Big four hammer bank levy

ALEX BURKE  |  TUESDAY, 23 MAY 2017
ANZ, CBA, NAB and Westpac have taken to the ASX to criticise the Government's new bank levy, with some saying it will hit customers hardest. Westpac chair Lindsay Maxsted said in an open letter that the new levy is "bad public policy that targets just ...

First home buyers: Devil is in the detail for super funds

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... superannuation funds won't play a part in promoting the scheme to their members. "One of the reasons the Labor Party's First Home Saver Account failed was that it was complicated and the banks never really promoted the special accounts that were required ...

Advice associations respond to Federal Budget

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2017
... delivering more supply to the residential property market," Kewin said. Kewin said strategy around the First Home Super Saver Scheme must be well considered. "This comes with quite a marked change in the required investment approach, with a 'dual' investment ...

Federal Budget is a Ginger Spice

ALEX BURKE  |  WEDNESDAY, 10 MAY 2017
The Government has handed down a "Ginger Spice" rather than a "Scary Spice" of Budgets this year, according to IOOF head of technical services Martin Breckon. Explaining himself, Breckon said the Budget appeared to be designed to avoid any comparisons ...

Budget undermining super: Labor

KARREN VERGARA  |  WEDNESDAY, 10 MAY 2017
... said in a joint statement the Turnbull government is "encouraging a raid on superannuation savings." "The first home super saver scheme will do nothing to address housing affordability but will work to undermine Australia's world-class superannuation ...

Tax breaks delivered to first home buyers

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... purchase of their first home," budget documents say. While the scheme is loosely based on the Rudd government's first home saver account that were introduced in 2008 but abandoned by the Abbott government, this new scheme will operate very differently ...