Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 201 - 210 of 212 results for "Super tax"

Super fund taxes break through $5 billion

Total taxation revenue collected by all levels of government in Australia climbed to $230 billion in 2004-05, of which only $5.1 billion was paid by super funds. Super fund taxes, however, have only climbed 8.5 per cent since 200-01, which is significantly ...

IFSA to pressure Government for super tax breaks

IFSA will renew the push for the Government to cut front-end superannuation tax, saying such incentives would stem the current retirement savings gap of $452 billion to less than half of its current size. IFSA's Richard Gilbert said high on the agenda ...

SG is a tax: Tax Inquiry

The just-announced tax inquiry may lead to the unthinkable - an attack on the 9 per cent Super Guarantee (SG). Treasurer Peter Costello has just announced a broad review of taxation in Australia so the government can get clear figures comparing our ...

Government moves to dampen super tax cut heat

Minister for Finance and Administration, Senator Nick Minchin, has issued a statement seeking to redress remarks he made in a speech on Sunday that were widely reported as a push for government to cut the super contributions tax. Minchin, who made the ...

Senior Tax Offset makes super less attractive for older investors

... bracket of the Senior Tax Offset cuts in with a 16.5 per cent marginal tax rate, which is only just above the 15 per cent super tax rate. If the Minchin-ASFA proposal to scrap the 15 per cent contribution tax gets up, though, the gap could stretch to ...

Minchin weighs in on super tax cut debate

... on the proposal at their annual conference in October last year. ASFA CEO, Philippa Smith, said that abolishing the super tax was the equivalent of cutting $6 per week from the annual income tax, a move she said 75 per cent of recent research respondents ...

Small cut in super taxes now will significantly cut future tax burden: ASFA

Abolishing the 15 per cent super contributions tax would add thousand of dollars to consumers' retirement benefits, while any tax revenue falls would be offset by the extra inflows adding to the earnings tax base. In fact, the benefit to the economy ...

Use budget surplus to cut super tax: TasPlan

Tasmanian super fund heavyweight TasPlan says the expected huge federal budget surplus should be used to cut unpopular super taxes. Neil Cassidy, TasPlan General Manager, said he believes that even reducing the 15 per cent contributions tax would make ...

Super supported but consumers confused

... service leave entitlements and termination payments. "Those with fluctuating incomes were also unfairly caught by this super tax, such as women or others with broken work patterns trying to catch up in their savings. Selling an investment property could ...

ASFA strongly argues in favour of a cut in super contributions tax

... cuts, or an investment in our personal and national retirement futures," argued Ms Smith. The cost of abolishing the super tax would be partly offset by the increase in tax collected from fund investment earnings and benefits due to higher super balances. ...