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Showing 131 - 140 of 248 results for "Superannuation tax"

ACCI supports closing tax breaks on high balances

MARK SMITH  |  MONDAY, 30 NOV 2015
... as changes do not increase the overall burden of tax on the economy. "It also makes sense to shut down the superannuation tax benefit for very large accounts or contributions that go well beyond funding an adequate retirement," Osborn said. "However ...

Treasurer commits to improve after-fee super returns

DARREN SNYDER  |  FRIDAY, 27 NOV 2015
... superannuation policy proposals. "There are four key areas that are foremost in my mind when contemplating potential superannuation tax reforms: adequate retirement incomes; stability and certainty in the retirement phase; flexibility; and an efficient ...

Super tax breaks review could save $6.6bn: Grattan

LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
... encourage savings to supplement or replace the Age Pension," the organisation argued. The research said that superannuation tax concessions cost the budget more than $25 billion a year in foregone revenue. "Most of the benefit goes to those who don't ...

Super lifetime cap could increase budget costs: Budget Office

LAURA MILLAN  |  MONDAY, 23 NOV 2015
... super contributions would allow the government to raise $165 million over four years. However, the cost of superannuation tax concessions is set to be about $170 million over the same period. "PBO analysis suggests a higher lifetime cap might in fact ...

Super tax back on Turnbull's agenda

LAURA MILLAN  |  WEDNESDAY, 11 NOV 2015
... Minister Malcolm Turnbull and some industry stakeholders saying that "all measures are on the table." The issue of superannuation tax concessions came up yesterday in Parliament, while The Australian and Fairfax Media reported that high income earners ...

Deloitte super plan could save budget $6bn

DARREN SNYDER  |  MONDAY, 26 OCT 2015
Financial advisory firm Deloitte suggests a better superannuation tax system would be to update proposals from the Henry Review, as it would not add taxes to either earnings or benefits. Labeled a "circuit breaker" the updated plan would see every Australian ...

New super Shadow Minister as PM acknowledges Labor's plans

DARREN SNYDER  |  WEDNESDAY, 14 OCT 2015
... shadow ministry yesterday, and at a time when Prime Minister Malcolm Turnbull acknowledged the opposition's superannuation tax proposals and hinted it will become an election issue. Turnbull said in parliament that Bill Shorten was right in saying there ...

Tax conversation in a bubble

DARREN SNYDER  |  THURSDAY, 8 OCT 2015
... For better or for worse, the outcome of these discussions will affect your personal finances." Speaking on superannuation tax reform, Chapman said those hostile to change argue that tinkering with tax concessions associated with a long-term program such ...

Seniors weigh in on national tax discussion

DARREN SNYDER  |  FRIDAY, 2 OCT 2015
... Australia (ASFA) chief executive Pauline Vamos said the discussion around the equity and sustainability of superannuation tax concessions is both welcome and necessary. "There have been a number of incorrect claims made regarding the cost and distribution ...

Super tax reform on hold for election

DARREN SNYDER  |  WEDNESDAY, 23 SEP 2015
... superannuation will exceed the cost of the entire age pension system in just four years." Bowen added that current superannuation tax concession arrangements are unfair to Australia's low income workers and unfair to Australia's women. "The current concession ...