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Showing 11 - 20 of 264 results for "tax concessions"

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... Meanwhile, treasurer Jim Chalmers flagged "modest, but meaningful revenue measures" like tightening superannuation tax concessions for wealthy Australians. The government is moving ahead with slashing the tax concessions available to individuals with ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... steps to "strengthen the fiscal position". Measures include targeted superannuation concessions, which will reduce tax concessions available to individuals with balances over $3 million and a 15% global and domestic minimum tax for large multinational ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... investors who opt for term deposits over more aggressive superannuation investments. "Firstly, there are substantial tax concessions on getting money into superannuation - so even if you do end up investing in a term deposit within super, missing out ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
The Australian Shareholders' Association (ASA) has noted several issues it has with the government's super tax concessions proposals, including the taxing of unrealised profits on asset movements and lack of transition period. In its submission, the ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... order to improve the short and long-term certainty for consumers regarding proposed changes to the superannuation tax concessions," Abood said.

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... introduction of higher taxation for balances exceeding $3 million is projected to lead to a 9.5% reduction in tax concessions related to investment earnings under the proposed superannuation changes by the government. Treasury has estimated this would ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... are two key superannuation measures aimed at increasing revenues. The first is to better target superannuation tax concessions, saving over $11.5 billion each year once fully implemented. Tax breaks on super currently cost about $45 billion a year and ...

Super a big national advantage: Chalmers

CASSANDRA BALDINI  |  TUESDAY, 21 MAR 2023
... government has opened its consultation and welcomes industry feedback. "Secondly, we want to try and make the tax concessions in superannuation a bit more sustainable, not by eliminating those tax concessions, but by making them a little bit less generous ...

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... issue the government is grappling with is not the presence of large balances in the super system, but rather the tax concessions that these balances attract." As previously reported by Financial Standard, the government has proposed a new policy to reduce ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... fairness of the proposed policy, one crucial detail seems to have been overlooked: the $3 million cap on super fund tax concessions is a throwback to the Reasonable Benefits Limits (RBLs) of the past. While industry bodies have been vocal about the potential ...