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Showing 391 - 400 of 676 results for "Lifetime"

Government acts on income streams review

DARREN SNYDER  |  WEDNESDAY, 4 MAY 2016
... This will be achieved by extending the tax exemption on earnings in the retirement phase to products such as deferred lifetime annuities (DLAs) and group self-annuitisation products. Assistant Treasurer Kelly O'Dwyer said these products "can provide ...

Advisers encouraged to review changes carefully

KERRIE SYDEE  |  WEDNESDAY, 4 MAY 2016
... measures means that most Australians will need to seek financial advice to make the best use of the various measures." A lifetime non-concessional contributions cap of $500,000 was also introduced from 7:30pm (AEST) on 3 May 2016 and is retrospective ...

Government finds $2.9 billion from super tax

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... than $250,000; and extending eligibility for the tax offset for contributions to a low income spouse's super account. A lifetime non-concessional contributions cap of $500,000 has also been established. In his budget speech Morrison said the transfer ...

Super objective paves way for taxation changes

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... retirement income products by extending the tax exemption on earnings in the retirement phase to products such as deferred lifetime annuities and group self-annuitisation products. These products can provide more flexibility and choice for Australian ...

What the budget means for you

MARK SMITH  |  TUESDAY, 3 MAY 2016
... contribution cap has been lowered to $25,000, a new $1.6 million cap on accumulated balances has been introduced and a lifetime cap on non-concessional contributions of $500,000 has been set. It wasn't all bad news though as Australians with superannuation ...

Budget big picture

ALEX DUNNIN  |  TUESDAY, 3 MAY 2016
... Limit of $1.6 million, doubling the contribution taxes to 30% for people who earn more than $250,000 and introducing a lifetime $500,000 cap on non-concessional contributions intended to limit the potential for people to use superannuation for shadow ...

KPMG targets super to fix deficit

MARK SMITH  |  THURSDAY, 28 APR 2016
... contributions should be reduced from the current $300,000 to a lower threshold. It also suggests the government introduce lifetime concessional and non-concessional caps and abolish annual caps, adding that new rules should require people with high balances ...

Boomers surprisingly open to fair super tax changes

MARK SMITH  |  THURSDAY, 28 APR 2016
... $250,000 while 29% are in favour of a Grattan Institute proposal to allow only $11,000 of contributions per year with a lifetime cap of $250,000. Challenging the commonly held view that most Australian's see the family home as sacrosanct, 32% agreed ...

Australians short-changing themselves with cash bias

ALEX BURKE  |  TUESDAY, 26 APR 2016
... they deserve. Many people currently nearing retirement are under-funded - they don't have enough super to last their lifetime. Investing an inheritance in super in your 50s or 60s could be what makes the difference between a frugal and a comfortable ...

Challenger annuities march on

MARK SMITH  |  FRIDAY, 22 APR 2016
... The figure represents a 29% on the same period last year and included strong growth in both term annuities (up 22%) and lifetime annuities (up 63%). Life annuity net book growth for the quarter was $135 million, or 1.6%. Total life sales for the quarter ...