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Showing 231 - 240 of 287 results for "Tax concessions"

Retail super fund commissions revealed

MATT WOODINGTON  |  TUESDAY, 6 SEP 2011
... that this highlights the need for industry reforms to protect the estimated $3.75 billion of super contributions tax concessions of retail super fund members. "Where these commissions are being paid on compulsory superannuation and without any financial ...

BT Wrap launches new tax and trading tools

LOREN RUGEBREGT  |  TUESDAY, 5 JUL 2011
... to help make smart trading decisions and will be prompted with warnings if a proposed trade may lose specific tax concessions. New daily financial year-to-date reporting for estimated realised and estimated unrealised capital gains will be introduced ...

Super acting like a SWF: Treasury

ALEX DUNNIN  |  MONDAY, 4 JUL 2011
... superannuation would have been saved anyway particularly by higher income earners who divert monies into it because of the tax concessions. For low income earners they said the substitution is likely to be very low if it existed at all. This lower than ...

Govt to refund super tax for 3.5 million

ELISE BURGESS  |  THURSDAY, 16 JUN 2011
... changes were prompted by recommendation of the Australia's Future Tax System (AFTS) Report that said superannuation tax concessions should be distributed more equitably. "The Gillard Labor Government firmly believes that Australian workers, whatever ...

Shorten phases out drawdown relief for account-based pensions

ELISE BURGESS  |  TUESDAY, 7 JUN 2011
... their account balance so as retirees could draw down on their superannuation capital, which enjoys substantial tax concessions, over their retirement. However since the 2008-09 financial year, self-funded retirees have only been required to draw down ...

Planners make their budget wishes

ALISON BEVEGE  |  TUESDAY, 10 MAY 2011
... lockdown, financial advisers have named their dearest wishes - and it's not for free set top boxes. Concessional caps, tax concessions for advice fees and a cut in the company tax rate were at the top of the wish list among planners Financial Standard ...

ATO to review 10,000 SMSFs

ELISE BURGESS  |  MONDAY, 6 DEC 2010
... them," said Hamilton. Sanctions for trustees found to be deliberately failing their obligations include loss of tax concessions for the fund, being disqualified as a trustee, or prosecuted. The ATO estimates that there are 430,000 SMSFs in Australia ...

Coalition still unconvinced on 12 pc SG

ALEX DUNNIN  |  THURSDAY, 28 OCT 2010
... billion, this disregards that member contributions just prior to 2006-07 -- when a dramatic lift in superannuation tax concessions skyrocketed contributions that year to $170 billion -- were $19 billion or only slightly higher than they are now.

Super tax breaks unaffordable: Treasury

ALEX DUNNIN  |  WEDNESDAY, 29 SEP 2010
Australia can't afford the rising and inequitable cost of superannuation tax concessions, said Treasury in its Red Book briefing to the returned ALP government. Each election, Treasury prepares a briefing folder for both the government should they be ...

Govt extends drawdown relief for account-based pensions

MICHELLE BALTAZAR  |  THURSDAY, 1 JUL 2010
... balance. The rule is designed so that retirees draw down on their superannuation capital, which enjoys substantial tax concessions, over their retirement. Since the 2008-09 financial year, self funded retirees have only been required to draw down half ...