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Showing 11 - 20 of 50 results for "ATO data"

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN | TUESDAY, 28 MAR 2023

... consequences of an unindexed cap. As previously reported by Financial Standard, a Financial Services Council analysis of ATO data revealed that if the government's $3 million super cap isn't indexed, around 500,000 individuals currently saving ...

Unindexed cap forecast to impact 500k people

CASSANDRA BALDINI | FRIDAY, 3 MAR 2023

... individuals who are currently saving for retirement or have already retired. Financial Services Council (FSC) analysis of ATO data found a significant portion of Australian taxpayers will breach the cap in their lifetime and face a 30% earnings tax. ...

Are Australia's wealthiest tight-fisted?

ANDREW MCKEAN | MONDAY, 29 AUG 2022

... found giving by those in the Financial Review Philanthropy 50 list for 2022 had decreased 2.3% on the previous year. ATO data analysed in the report showed only 2% of top income earners gave a higher proportion of their income than people in lower income ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON | THURSDAY, 28 OCT 2021

... solution for years but have failed to act. MPs get super paid on payday and so should workers." Looking at the 2018-19 ATO data, ISA found that young workers and those on lower incomes are most likely to be underpaid, particularly those working in blue ...

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR | THURSDAY, 12 AUG 2021

... Funds of Australia (ASFA) shows multiple super accounts are already in sharp decline The paper outlines the fact that ATO data suggests there should be between 17 million and 20 million superannuation accounts in the system, if every worker was to have ...

Rise of the mega funds continues

ANNABELLE DICKSON | MONDAY, 3 MAY 2021

... retirement savings managed by just 12 funds, new research shows. KPMG's annual Super Insights report analysed APRA and ATO data and found that once the mergers that have been previously announced are finalised, 77% of member accounts will be managed ...

ASIC slammed over SMSF data

ANNABELLE DICKSON | WEDNESDAY, 5 AUG 2020

... been working with his colleagues in the last 24 hours to ensure the data on MoneySmart is up to date with the current ATO data. "When you look at our media release that we do highlight amongst other things, that this data is no longer current and should ...

Domestic violence super reforms stall

ALLY SELBY | THURSDAY, 23 JUL 2020

... to be made to a multitude of funds leading to many women simply giving up the search. "Allowing the courts to access ATO data is a simple measure that will make the process far more efficient, fair and cost-effective both for the individuals concerned ...

ATO data heaps pressure on ASIC's SMSF fact sheet

HARRISON WORLEY | MONDAY, 22 JUN 2020

New ATO data has brought ASIC's SMSF expense fact sheet under renewed pressure. Freshly released ATO figures show the median "operating expense" of SMSFs is $3923 a year, a stark contrast from data published by ASIC last year which stipulated the ...

Salary sacrifice loophole bill insufficient: ISA

KRISTI CHENG | MONDAY, 19 AUG 2019

... receive super, the reforms "fall a long way short" of addressing the major causes of unpaid super. ISA analysis of 2016-17 ATO data showed the loophole has led to more than 370,000 workers missing out on their super entitlements, totalling $1.5 billion. ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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