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

Search Results

Showing 11 - 20 of 34 results for "Low Income Superannuation Contribution"

AIST lobbies govt to keep LISC payment disclosure

JAMES FERNYHOUGH  |  WEDNESDAY, 26 NOV 2014
... Superannuation Trustees (AIST) is calling on the government to maintain separate disclosure of low income superannuation contribution (LISC) payments on superannuation statements. While the government has moved to abolish the LISC, this will not take ...

SG freeze to hit young and low income earners hardest

JAMES FERNYHOUGH  |  WEDNESDAY, 3 SEP 2014
... earning $60,000 a year, meanwhile, will miss out on $28,195. If you factor in the loss of the Low Income Superannuation Contribution (LISC), low income earners will be the worst hit. A 25-year-old on $30,000 a year will miss out $20,364 in retirement ...

SG frozen till 2021, industry 'dismayed'

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
... legislation that will freeze the superannuation guarantee at 9.5% until 2021, and abolish the Low Income Superannuation Contribution in 2017. The laws, which were part of an extensive package of reforms contained in the Minerals Resource Rent Tax Repeal ...

Senate saves the LISC

JAMES FERNYHOUGH  |  MONDAY, 21 JUL 2014
The low income superannuation contribution (LISC) scheme has been saved after the Senate blocked the repeal of measures related to the mining tax. The LISC, which was a spending measure associated with the Minerals Resource Rent Tax, was saved after ...

Palmer to oppose abolition of LISC

JAMES FERNYHOUGH  |  MONDAY, 7 JUL 2014
Clive Palmer has announced his party will block legislation to abolish the low income superannuation contribution (LISC). Addressing the National Press Club today, Palmer said: "Palmer United supports the abolition of the mining tax, but cannot support ...

Future of LISC in Palmer's hands

JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
... the Palmer United Party to use its influence in the Senate to block the scrapping of the low income superannuation contribution (LISC) scheme. The letter, organised by Women in Super and the Australian Institute of Superannuation Trustees, contains 35 ...

Women to feel pain of scrapped LISC

JAMES FERNYHOUGH  |  MONDAY, 16 JUN 2014
... and regional Australians will be the worst affected by the government's plan to scrap the Low Income Superannuation Contribution (LISC) scheme, according to Industry Super Australia (ISA). Using figures from the Australian Bureau of Statistics (ABS) ...

Labor to oppose rise in pension age

JAMES FERNYHOUGH  |  FRIDAY, 16 MAY 2014
... also condemned the government's plan - not included in the budget - to do away with the low income superannuation contribution (LISC). "Two thirds of those hurt by this change were women - who had moved in and out of the workforce to start and raise ...

IPA joins calls for LISC reintroduction

MARK SMITH  |  WEDNESDAY, 9 APR 2014
The Institute of Public Accountants (IPA) is urging the Government to reintroduce the Low Income Superannuation Contributions (LISC) to ensure that low income earners are not disadvantaged. As a result of recent taxation changes those earning less than ...

SPAA urges concessional cap rethink

MARK SMITH  |  FRIDAY, 14 FEB 2014
... as well as expressing its strong opposition to the government's decision to abolish the Low Income Superannuation Contribution (LISC). "In our opinion the current general concessional contribution cap level of $25,000 and $35,000 for older Australians ...