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Showing 21 - 30 of 71 results for %22Low-Income Superannuation Tax Offset%22

ASFA calls for super fairness

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... wealth transfers," said ASFA chief executive Martin Fahy. The association is also recommending the government increase the low-income superannuation tax offset (LISTO) threshold from $37,000 to $45,000 as both pay a similar tax rate on superannuation ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... contributions above the threshold. For those whose income is below the effective tax-free threshold of $21,884, the low income super tax offset removes the tax penalty on contributions, ensuring the tax on contributions is zero but does not create a ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Age Pension is a vital pillar of the retirement income system and provides most Australians with a minimum standard of living but a new approach is required to ensure retirees that rent reach this goal. The long-awaited Retirement Income Review ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... report says keeping SG at 9.5% will shrink Australian's final retirement balances by 12-18%, but increase working-life income by 2%. Australians will retire with 12% to 18% thinner final balances if the government sticks with its plan to increase ...

ISA calls for super tax reform

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
Industry Super Australia (ISA) has called for the stage two tax cuts to be matched by a change to the Low-Income Superannuation Tax Offset (LISTO) to help boost the retirement savings of women. ISA said this move could help add tens of thousands of ...

Super fund gets ahead of CIPR obscurity

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... superannuation fund is raising the bar on managing longevity risk and taking the initiative to get ahead of the retirement income review gridlock. Chris Drew, the investment manager for public markets at the Australian Catholic Superannuation and Retirement ...

COVID-19 stimulus continues

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... will be made. The first of these payments is due on 10 July 2020. Frydenberg said the payments are designed to help low income households with the impacts of COVID-19. The Medicare levy low income threshold has increased, meaning more individuals and ...

ISA plays devil's advocate on SG

HARRISON WORLEY  |  MONDAY, 15 JUN 2020
... interactions with the tax and transfer system are important, pointing to estimates of a reduction in working life disposable income of 0.1% to 1% being exchanged for a 4% to 20% increase in disposable retirement incomes. Designed to open the peak body's ...

ISA reaffirms stance on super guarantee

ELIZA BAVIN  |  TUESDAY, 4 FEB 2020
... for middle income earners. It also recommended examining tax concessions, increasing the low income superannuation tax offset and making super payable on the day. ISA chief executive Bernie Dean said the only way to give Australia's dignity, choice and ...

Who is really using the LISTO?

ELIZABETH MCARTHUR  |  THURSDAY, 9 JAN 2020
Analysis from AMP has revealed who the biggest recipients of the low-income super tax offset (LISTO) are. AMP has looked at 174,000 customer's data over a four-year period and found a significant jump in the number of women receiving the low-income ...