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Showing 31 - 40 of 248 results for "Superannuation tax"

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... Australian retirees end their working lives in poverty, compared to 11.1% in Sweden and 3.8% in Norway," he said. "Superannuation tax concessions are designed to encourage people to save and reduce dependency on the Age Pension, they are not designed ...

Treasury flags $23bn in CGT benefits

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... that the government has a "substantial agenda" when it comes to tax reform - including enacting the $3 million superannuation tax that was tabled during the final sitting week of parliament. "The government's already substantial tax reform agenda also ...

Superannuation tax shakeup proposed by Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 9 DEC 2024
A discussion paper commissioned by the Actuaries Institute has proposed a three-pronged tax reform package aimed at making the superannuation system less complex, more equitable, and sustainable. The professional body argued that the complexity of taxes ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
The failure of the government to pass its proposed $3 million superannuation tax last week may well see the measure abandoned. The Division 296 tax could be shelved until after the next federal election, missing out on the opportunity to pass during ...

SMSFs surpass $1tn milestone

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... testimony to the professionalism they bring when advising their clients." The new stats come amid the looming superannuation tax, which will impose an extra 15% tax for any super balance that tops over $3 million when it comes into effect. The proposal ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
The SMSF Association (SMSFA) has welcomed reports the government's $3 million superannuation tax, which was expected to come into effect 1 July 2025, could be shelved until after the next federal election. SMSFA chief executive Peter Burgess said the ...

Qantas Super lowers investment fees, updates cash option

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... the Cash option objective now aligns to how Qantas Super's other investment option objectives incorporate superannuation tax," the super fund said. For its sustainable investing philosophy, Qantas Super expanded its screening criteria to exclude ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
The $3 million superannuation tax passed the lower house yesterday afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down. The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... them and will then be paid to their nominated superannuation fund the following year and taxed at the current superannuation tax rate of 15%. From next year, the payment is estimated to be $2900 for 24 weeks of paid leave, jumping to $3140 in 2026 as ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... them and will then be paid to their nominated superannuation fund the following year and taxed at the current superannuation tax rate of 15%. Some 180,000 families access the scheme each year; the vast majority of individuals who receive Paid Parental ...