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Showing 21 - 30 of 45 results for "TTR"

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... actions, including the immediate fix of a coding error in intelligent deposit machine (IDM) threshold transaction reporting (TTR); changes in senior leadership relevant to the oversight of financial crimes compliance, along with over 50 new staff specialising ...

CBA blames reporting failure on software error

EMMA RAPAPORT  |  MONDAY, 7 AUG 2017
The Commonwealth Bank says its failure to notify AUSTRAC of more than 53,000 large cash deposits in its intelligent deposit machines was caused by a software error which was not discovered for more than two years. In a public statement CBA outlined ...

Looming super reforms benefit millions

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
... impact around 110,000 people - largely in SMSFs. Some 170,000 members of APRA-regulated funds with a Transition to Retirement (TTR) pension and a further 100,000 with such a pension arrangement in an SMSF will also be affected by the rule changes. Urging ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... legislation, and to ensure the integrity of the policy behind the reforms. The changes include: Transition to Retirement (TTR) pensions will automatically become retirement phase pensions (and therefore be assessed against the transfer balance cap) when ...

CGT top of adviser minds

KARREN VERGARA  |  TUESDAY, 11 APR 2017
... ways: by complying with the $1.6 million transfer balance cap, or changes to the tax treatment of transition to retirement (TTR) pensions. It's important to keep in mind CGT relief is not automatic and the client must choose, where eligible, the investments ...

More winners than losers in super budget measures: ASFA

ALEX BURKE  |  FRIDAY, 3 JUN 2016
... 500,000" by the $25,000 concessional contribution cap, 80,000 by the lifetime non-concessional cap, roughly 550,000 by the TTR changes and 20,000 annually by the anti-detriment abolition. Overall, ASFA estimated that up to 1.26 million people would be ...

Advisers not impressed with budget changes

KERRIE SYDEE  |  THURSDAY, 5 MAY 2016
... said they felt negative toward the proposed lowering of the concessional contributions cap to $25,000. The removal of the TTR pension tax exemption was also unpopular; with a 73.5% of respondents saying it will negatively impact their clients. Advisers ...

Advisers encouraged to review changes carefully

KERRIE SYDEE  |  WEDNESDAY, 4 MAY 2016
... line with the changes. From 1 July 2017, the tax exempt status of income from assets supporting 'transition to retirement' (TTR) income will be removed, with earnings to be taxed at 15%. A change IOOF claims will "effectively negate that TTR strategy ...

More numerate less likely to open SMSF

DARREN SNYDER  |  FRIDAY, 15 APR 2016
... five reasons for starting included: choosing own investments, self-managing a fund, minimising tax, transition to retirement (TTR), and choosing individual equities. Those thinking about starting an SMSF did not consider TTR as highly, replacing it with ...

MTAA Super appoints new director

ALEX BURKE  |  MONDAY, 1 JUN 2015
... holds $8.5 billion in funds under management and recently launched a transition to retirement investment option, targeted at TTR investors looking to retain exposure to growth assets.