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Showing 21 - 30 of 72 results for "Objective of Super"

Early super release scheme a mistake: ISA

ANDREW MCKEAN  |  FRIDAY, 17 MAR 2023
... future governments from opening access to super during economic downturns, the ISA recommended legislating an objective of super that prioritises preservation. Of note, the government's draft objective for superannuation is to preserve savings and ...

Super on PPL a drop in the ocean

CASSANDRA BALDINI  |  THURSDAY, 2 MAR 2023
The cost to pay superannuation contributions on Commonwealth Paid Parental Leave (PPL) has been estimated to be about $200 million per year. The government's objective of superannuation and the accompanying discussion paper that fails to mention ...

Government to double tax for high super balances

ANDREW MCKEAN  |  TUESDAY, 28 FEB 2023
The government will double the concessional tax rate for superannuation balances over $3 million, affecting 80,000 people or 0.5% of super accounts. Commencing 2025/26, superannuation earnings in the accumulation phase that exceed $3 million will face ...

Ending the super wars: Government acts to legislate an objective

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
... with government support, in an equitable and sustainable way. The consultation recommends that the proposed objective of super be established in legislation, to provide stability and certainty for regulators, policymakers, and government. This will promote ...

Superannuation objective: Australians want retirement income

ANDREW MCKEAN  |  FRIDAY, 27 JAN 2023
Financial Services Council (FSC) research found Australian's support legislating an objective for super that focuses on delivering retirement income. A focus group study conducted by CT Group revealed Australian consumers' awareness, understanding ...

Treasury working on QAR, super tax concessions

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
... for people with more than $5 million. Financial Standard understands government is focused on legislating an objective of super, and signaled a conversation about tax concessions. The spokesperson confirmed super balances of $5 million and over have ...

Super heads support capping retirement balances

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
... Deanne Stewart, and Colonial First State Super chief executive Kelly Power. While Stewart prefaced that the objective of super must first be established before a sensible conversation about tax concessions can be had, she believes there's room for discussion. ...

Government eyes crackdown on super tax concessions

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
... funds (SMSF) with more than $100 million in assets; the largest holds over $400 million in assets. "If the objective of super is to provide a tax-preferred means for estate planning, you could say it is doing its job," he said. Jones explained the concessional ...

Not enough being done to fix super gap: AIST

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2022
... that we need to take to bring greater equality." AIST is also focused on ensuring the government legislates an objective of super, noting that many of those who withdrew money from their superannuation during the pandemic's early release of super ...

Aussies pay the price for early release of super: ASFA

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
... again push for a legislated objective of superannuation. "It's more important than ever that we legislate the objective of super to ensure that Australians' savings are preserved to support a dignified lifestyle in retirement," he said. On the super ...