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Showing 11 - 20 of 45 results for "Tax deductions"

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... superannuation contribution made by members that was then remitted to the ATO. As a trustee, SPSL is entitled to certain tax deductions in the form insurance premiums, for example, that give rise to a tax refund. Senior counsel assisting Michael Hodge ...

Traditional advice strategies pose retirement risk

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JAN 2018
... loss due to lower interest rates and now-defunct agriculture tax schemes are making it difficult to claim large tax deductions, he said. "However, with the changes in the super rules from 1 July 2017, PAYG earners will now be able to claim a tax deduction. ...

FPA pushes tax deductible incentives

KARREN VERGARA  |  TUESDAY, 28 MAR 2017
The Financial Planning Association of Australia is advocating for tax deductions of management fees and costs associated with the initial preparation of a financial plan. In its pre-budget submission to the Federal Government, the FPA says ongoing management ...

Government releases draft super reforms

ALEX BURKE  |  THURSDAY, 8 SEP 2016
... age pension" - in law. It also makes changes to concessional contributions by allowing people under 75 to claim tax deductions for personal super contributions, irrespective of employment. Furthermore, it removes restrictions preventing those between ...

Parliament goes to war on super

DARREN SNYDER  |  THURSDAY, 25 AUG 2016
... concessional superannuation contributions, the harmonising of contribution rules for people aged 65 to 74, and allowing tax deductions for personal superannuation contributions. Federal Treasurer Scott Morrison rejected Labor's policy and said "their ...

FPA calls for clear separation of general and personal advice

LAURA MILLAN  |  FRIDAY, 4 APR 2014
... the inquiry for strategies to level the playing field such as the introduction of different payment options or tax deductions for advice paid up front. The FPA also recommended the government to "follow Cooper's recommendation and undertake a formal ...

FSC joins calls for tax deductible advice

MARK SMITH  |  MONDAY, 10 FEB 2014
The Financial Services Council (FSC) has recommended the government implement tax deductions for those seeking financial advice. The FSC used its pre-Budget submission to join organisations such as the Financial Planning Association (FPA) and the Institute ...

Self-education cap "short sighted": SPAA

LAURA MILLAN  |  TUESDAY, 16 JUL 2013
The SMSF Professionals' Association of Australia (SPAA) has criticised the Government's proposal to cap tax deductions for professional self-education at $2000. SPAA said that the decision is "short-sighted and self-defeating" and said that a self-managed ...

Self-education cap to harm senior workers

LAURA MILLAN  |  THURSDAY, 11 JUL 2013
The proposed $2,000 a year cap on tax deductions for professional self-education could put professionals over 50 years old in a situation of disadvantage, National Seniors Australia said. The organisation said that if the legislation comes into force ...

Self-education cap could prevent professional development

LAURA MILLAN  |  WEDNESDAY, 10 JUL 2013
The government's proposal to impose a $2,000 cap on tax deductions for self-education has raised concerns that the measure will impede professional development. The Institute of Chartered Accountants Australia (ICAA) and CPA Australia are two of the ...