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Showing 1471 - 1480 of 8106 results for "Total"

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
... its submission, the ASA has taken issue with the taxing of unrealised profirts; the immediate capture of any fund with a total balance over $3 million; no indexation; and the lack of transition period. "The proposal and the way of introducing it appears ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... until 7 March 2020 and had $2.2 million in his account. He made $1.45 million in withdrawals and over the period made a total loss of $758,510. Records obtained by police from Ladbrokes and Sportsbet show that between June 2014 to March 2020, his total ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... in member contributions. Rainmaker Information highlights that in 2021-22, Australians paid an average of 17.4% of their total wages and salaries into superannuation, 70% more than the 10% compulsory Superannuation Guarantee (SG) contribution rate. Australians' ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... its stake so that it can free up capital. CVC sold 9.4 million units at 93 cents per share to gain about $8.7 million in total. As at December 2022, CVC had a 37.2% holding in Eildon. CVC said the divestment releases capital earmarked for future commitments ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth groups, according to Australian Taxation Office assistant commissioner ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... report said. "Around 25% owned a rental property, around 25% received dividends of over $40,000 a year and around 15% had total income for tax purposes of over $500,000." However, there is a question mark over the appropriate treatment of high balances ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... an ASX announcement, Challenger reported a significant uptick in retail annuity sales in quarter three. Challenger's total Life sales were $2 billion, reflecting strong retail and Japanese sales. However, institutional sales ($1 billion) fell by ...

Search funds beat VC, private equity returns

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... 2022 study conducted by Stanford Business, US search funds jumped in number by 190% between 2013 (20) and 2021 (58), and a total of US$776 million was invested in traditional searchers and search-acquired companies in 2020 and 2021. Meanwhile, between ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... complete in October. Link has also reached a settlement with the FCA over its involvement in the Woodford collapse, saying the total amount of redress will be all of its available resources after ensuring Link Fund Solutions remains solvent. The settlement ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... market share, providing life insurance to 2.35 million policyholders and collecting annual premiums of $606.6 million. The total sum insured under AIA's policies amounts to $495 billion. Other notable insurers in the group super market include MetLife ...