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Showing 1521 - 1530 of 9377 results for "Income"

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... paid parental leave was disappointing. "ISA will continue to advocate for super to be paid on PPL and to increase the Low-Income Superannuation Tax Offset at the earliest opportunity the federal budget allows," it said. From an advice perspective, Financial ...

Family offices maintain a steady course: Goldman Sachs

CHLOE WALKER  |  WEDNESDAY, 10 MAY 2023
... assets. In fact, since 2021, global family offices on average increased their combined allocation across cash and fixed income from 19% to just over 22%,12% in cash and cash equivalents, and 10% in fixed income. More specifically, respondents allocated ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
The federal government provided clarity on the Non-Arm's Length Income (NALI) provisions related to expenditure incurred by superannuation funds - however, the industry says it requires further consideration. In last night's budget, the government ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... paying such a high share of total taxation receipts explains why the Albanese government is loathe to reverse the Stage 3 income tax cuts. And let's not forget that just 20% of taxpayers - being those earning more $180,000 per year - have already ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... Commonwealth Rent Assistance will receive a 15% increase in their support payments, or up to $31 extra each fortnight. Income support recipients: While the increase falls short of that hoped for by many recipients and advocacy groups, 1.1 million Australians ...

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... incentive will provide cashflow relief for about 2.1 million SMEs, which will see their quarterly tax instalments for GST and income tax in 2023-24 increase by 6% instead of 12%. Chalmers said the reduction better reflects the economic conditions currently ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... This change is forecast to improve retirement outcomes for around 8.9 million Australians, including for young and low-income workers who are most likely to have unpaid super. It will also increase tax revenue by $835 million. ­­ Currently, Australian ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... budget documents said. "The unemployment rate is holding near 50-year lows of 3.5%, wages growth has picked up, and national income is being supported by elevated commodity prices, which are flowing through to higher export revenues." Although the Australian ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... significantly. For male members, standard death and TPD Assist premiums will increase an average of 26.6%. Those with optional income protection cover will see an increase of 15.1%. For female members, death and TPD premiums will rise by an average 28.2% ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... parliament late last year. In November 2022, the government introduced legislation aimed at ensuring no veteran pays higher income taxes as a result of the Federal Court decision in Commissioner of Taxation v Douglas (Douglas decision). The Douglas decision ...