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Showing 11 - 18 of 18 results for "Income Tax Offset"

Who is really using the LISTO?

ELIZABETH MCARTHUR  |  THURSDAY, 9 JAN 2020
... and promotions while they've been on leave," AMP technical strategy manager John Perri said. "Although the low-income tax offset is a small amount, every little bit counts when it comes to increasing your superannuation balance. "Super is built on compounding ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... -- "driven by a decline in income tax payable, which was impacted by the introduction of the low and middle income tax offset" (ABS) - household consumption rose by just 0.1% over the three-month period to its slowest pace since the December quarter ...

Chief economist update: Australian economy gently turning which way?

BENJAMIN ONG  |  THURSDAY, 5 DEC 2019
... quarter, "driven by a decline in income tax payable, which was impacted by the introduction of the low and middle income tax offset". (ABS) In what could be construed as a negative verdict on the country's economic outlook, the gains from lower borrowing ...

Chief economist update: Rosy assumptions a Budget surplus make

BENJAMIN ONG  |  WEDNESDAY, 3 APR 2019
... the following two years. What's not to like? The Government is splurging on its promised low and middle income tax offset, by lower tax rates for small businesses as well as lifting the threshold on write-offs on new equipment purchases, increasing ...

First State Super hitches cart to Turnbull innovation

DARREN SNYDER  |  TUESDAY, 8 DEC 2015
... invested, as well as doubling the fund size cap to $200 million. The federal government is also offering a 20% income tax offset on investments in innovative businesses, as well as a 10 year exemption on capital gains tax on those investments. First ...

MLC model shows social benefit of Budget

MELANIE TIMBRELL  |  TUESDAY, 5 JUN 2012
... unfounded." The analysis considered changes to some marginal tax rates and income thresholds, a reduced low income tax offset, the removal of the Flood levy, a lower private health insurance rebate for some, a low income super contribution and the extra ...

Tax forum tackles wealth management issues

ELISE BURGESS  |  FRIDAY, 7 OCT 2011
... to discuss the Government's plans to increase the tax-free threshold to at least $21,000 and remove the Low Income Tax Offset entirely. Swan said lifting the tax-free threshold to $21,000 would free up over one million taxpayers from having to fill in ...

Budget 2011: minor investors cut short

ELISE BURGESS  |  WEDNESDAY, 11 MAY 2011
... Investments on behalf of minors may now be cut short after the federal budget has shut down minor access to the Low Income Tax Offset (LITO). As part of the budget, minors, children under the age of 18, will no longer be able to access the LITO to reduce ...
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