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Showing 171 - 180 of 248 results for "Superannuation tax"

Labor promises five-year freeze on super tax

JAMES FERNYHOUGH  |  WEDNESDAY, 31 JUL 2013
Labor will make 'no major changes' to superannuation tax policy for the next five years should they be re-elected, Treasurer Chris Bowen has announced. Bowen said this promise, which will be enshrined in legislation should Labor win the imminent federal ...

Super tax concession policy 'fatally flawed': SPAA

JAMES FERNYHOUGH  |  THURSDAY, 27 JUN 2013
... Association of Australia (SPAA) chief executive Andrea Slattery has said current methodology used to measure superannuation tax concessions is "fatally flawed", as it does not take the entire retirement system into account. She said the current practice ...

Government to table concessional contributions bill

LAURA MILLAN  |  WEDNESDAY, 19 JUN 2013
The government is expected to introduce legislation to ease penalties on excess concessional contributions into Parliament today. If amended, the Tax Laws Amendment Bill 2013 and Superannuation Imposition Bill 2013 will allow Australians to withdraw ...

Next government to reconsider super taxes: Grattan Inst

ALEX DUNNIN  |  WEDNESDAY, 5 JUN 2013
... inevitably ask tougher questions over the next decade about superannuation policy. We will probably hear more about superannuation tax concessions. We will also probably hear more about whether superannuation design could be improved to reduce Age Pension ...

Tax lump sums to beat longevity crisis: ASFA

MARK SMITH  |  THURSDAY, 16 MAY 2013
Imposing higher taxes on taking lump sums from superannuation will encourage members approaching retirement to opt for income streams, the Association of Superannuation Funds of Australia (ASFA) has said in a new whitepaper. Announcing it at its annual ...

Budget gets nod of approval from industry bodies

JAMES FERNYHOUGH, MARK SMITH  |  WEDNESDAY, 15 MAY 2013
... people wanting to plan for their retirement. On balance, there are more winners than losers," he said. Deloitte superannuation tax partner John Randall said the industry would breathe a sigh of relief in light of the Prime Minister's recent comments ...

Treasury releases draft EM for super changes

ALEX DUNNIN  |  TUESDAY, 7 MAY 2013
... from the 2013-14 financial year individuals aged 60 years and over can contribute up to $35,000 annually into superannuation tax-free and that from the 2014-15 financial year this higher cap will apply for individuals aged 50 years and over. This new ...

ASFA warns govt against Super raid

MARK SMITH  |  TUESDAY, 30 APR 2013
The Association of Superannuation Funds of Australia (ASFA) has warned the government that any plans to raid superannuation would have a grave effect on public confidence. The comments come in light of speculation that the government may be planning ...

Super changes ease political and financial uncertainty

MARK SMITH  |  FRIDAY, 5 APR 2013
The announcement of changes to the superannuation taxation system this morning has ended speculation, allowing savers and voters to focus on the future, the Association of Superannuation Funds of Australia (ASFA) said. Treasurer Wayne Swan and Minister ...

ASMA dismayed by proposed super hikes

MARK SMITH  |  THURSDAY, 4 APR 2013
... Wayne Swan confirmed that the Gillard government is considering closing the door on "excessively generous" superannuation tax breaks for the wealthy. Director of ASMA Anna Carrabs says that the plans, which reports suggest would hit those earning more ...