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Showing 181 - 190 of 287 results for "Tax concessions"

Think tank calls to end super tax concessions

MARK SMITH  |  TUESDAY, 22 APR 2014
... drag on the country's finances, according to new research from the Australia Institute. The think tank said that tax concessions on superannuation will cost the budget around $35 billion in 2013-14 and are projected to rise to $50.7 billion in 2016-17 ...

SPAA urges concessional cap rethink

MARK SMITH  |  FRIDAY, 14 FEB 2014
... greater financial capacity to save for retirement later in life, the opportunity to do so." On superannuation tax concessions, SPAA advocates that its fiscal cost be considered in the context of the three pillar retirement income system to accurately ...

ISA pushes for full transparency

JAMES FERNYHOUGH  |  MONDAY, 3 FEB 2014
... future retirement income and investment," Whiteley said. "The industry benefits from significant mandates and tax concessions and should appropriately be subject to the highest level of transparency and reporting - for consumers and employers, as well ...

Super subsidies cost $32bn: Treasury

ALEX DUNNIN  |  FRIDAY, 31 JAN 2014
... person's main residence. Adding the estimated $15 billion cost of negative gearing on residential property, housing tax concessions costings would leapfrog superannuation into first place with a total bill to taxpayers of $45 billion. GST exemptions ...

Government scraps Labor's annuities reforms

JAMES FERNYHOUGH  |  MONDAY, 16 DEC 2013
The government will not proceed with Labor's plan to grant tax concessions to retirement income derived from deferred lifetime annuities (DLAs). Under Labor's proposed legislation announced as part of the 2013-14 budget, DLA earnings would have received ...

Challenger reports big boost in annuities sales

JAMES FERNYHOUGH  |  MONDAY, 21 OCT 2013
... certain obstacles to the development of deferred and pooled annuities. Currently the law does not apply the same tax concessions to annuities as it does to other retirement products. Ross Clare, director of research at the Association of Superannuation ...

Abbott's PPL scheme to cost retirees $1.6 billion in hidden tax

JAMES FERNYHOUGH  |  THURSDAY, 22 AUG 2013
... this will make no difference. But for shareholders with a lower tax threshold (i.e. lower income earners), or on tax concessions (i.e. superannuants), this will mean that they will miss out on tax refunds. As direct investors in shares, self-managed ...

FPA sets out opposition to self-education cap

LAURA MILLAN  |  THURSDAY, 18 JUL 2013
The Financial Planning Association (FPA) has opposed the proposal to cap self-education tax concessions at $2,000 in a submission to government. The FPA said that a Diploma of Financial Planning costs around $1,800 and that an average adviser would ...

Self-education cap could prevent professional development

LAURA MILLAN  |  WEDNESDAY, 10 JUL 2013
... and all kinds of courses. Unless their employer is paying for that, they will have to assume the cost without tax concessions," Drum said. Drum reminded that "self-education and continuing professional development are at the core of the financial services ...

Super tax concession policy 'fatally flawed': SPAA

JAMES FERNYHOUGH  |  THURSDAY, 27 JUN 2013
... 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 of viewing ...