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Showing 181 - 190 of 1002 results for "Accumulation"

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
... $7.3 billion per annum if it taxed retirement earnings (currently tax-free) at 15%, which is the current rate in the accumulation phase. Another recommendation is to limit earnings tax breaks for balances of more than $2 million by implementing a High ...

Managed accounts achieve record inflows: IMAP

CHLOE WALKER  |  TUESDAY, 28 MAR 2023
... in the second half of 2022 delivered a strengthened market with a 9.8% increase in the value of the ASX / S&P 200 Accumulation Index, he noted. "These stronger markets have essentially regained the -9.9% fall in the prior six month period and demonstrate ...

Advice industry must change as population ages: Expert

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... people retire, and they go from full-time to part-time, what's happening to their health, these variations in accumulation and decumulation plus when they want to take on risk," he said. "So, we move away from a pretty standard financial advice model ...

Future-proofing the super system: Rees

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
... clear about how significant the impact of taking $5000 out at age 25 can be when a person reaches retirement. The accumulation of savings through the superannuation scheme is the best way of living a dignified retirement down the track, Rees said. "Now ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... advisers, which in the medium and long term, the researchers warn, will exacerbate the gender difference in asset accumulation and ultimately contribute to lower financial wellbeing. "By providing opportunities for women to learn and choose rather than ...

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... headline tax rate of 30% on earnings. However, there will be no limit imposed on the size of account balances in the accumulation phase. This policy is forecast to affect 80,000 people or 0.5% of superannuation accounts.

Government to double tax for high super balances

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
... $3 million, affecting 80,000 people or 0.5% of super accounts. Commencing 2025/26, superannuation earnings in the accumulation phase that exceed $3 million will face an increased concessional tax rate of 30%, twice the current 15% rate. According to ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... executive Sarah Abood, who also sat on the panel, pointed to a straightforward example of advice - when a member in accumulation phase wants advice on the best investment option. Where it becomes more complicated, however, is when members transition ...

Allianz Retire+ launches new retirement income solution

CASSANDRA BALDINI  |  MONDAY, 20 FEB 2023
... client's retirement. AGILE also offers the ability to lock in a guaranteed rate of income while clients are still in the accumulation phase, pre-retirement, or retirement income phase, to better plan retirement strategies with certainty. "Innovation ...

Government progresses social housing measures

KARREN VERGARA  |  FRIDAY, 10 FEB 2023
... particularly those members requiring a steady stream of income during retirement or as part of a more conservative accumulation product," Cbus chair Wayne Swan said. Collins also introduced The National Housing Supply and Affordability Council Bill 2023 ...