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| | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 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 ... |
| | | | ... 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% ... |
| | | | ... 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 ... |
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