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Showing 31 - 40 of 287 results for "Tax concessions"

Super tax break changes open for consultation

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
Treasury's clampdown on tax concessions for superannuation balances greater than $3 million has been laid out in its draft legislation and is now opened for consultation. From 2025-26, the proposed law states that for members with total superannuation ...

Super tax concessions cost less than future Age Pension savings: Mercer

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
According to a Mercer report, superannuation tax concessions for median income earners costs less than the future Age Pension savings from super. The Mercer Rethinking super tax concessions report shows under a model where individuals benefit from superannuation ...

Aware Super details new term deposit option

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... term deposit option provides an important alternative for these people, allowing them to make full use of the tax concessions available within super and helping to further set them up for their best retirement possible." The further expansion of Aware's ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... Meanwhile, treasurer Jim Chalmers flagged "modest, but meaningful revenue measures" like tightening superannuation tax concessions for wealthy Australians. The government is moving ahead with slashing the tax concessions available to individuals with ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... steps to "strengthen the fiscal position". Measures include targeted superannuation concessions, which will reduce tax concessions available to individuals with balances over $3 million and a 15% global and domestic minimum tax for large multinational ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... investors who opt for term deposits over more aggressive superannuation investments. "Firstly, there are substantial tax concessions on getting money into superannuation - so even if you do end up investing in a term deposit within super, missing out ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
The Australian Shareholders' Association (ASA) has noted several issues it has with the government's super tax concessions proposals, including the taxing of unrealised profits on asset movements and lack of transition period. In its submission, the ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... order to improve the short and long-term certainty for consumers regarding proposed changes to the superannuation tax concessions," Abood said.

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... introduction of higher taxation for balances exceeding $3 million is projected to lead to a 9.5% reduction in tax concessions related to investment earnings under the proposed superannuation changes by the government. Treasury has estimated this would ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... are two key superannuation measures aimed at increasing revenues. The first is to better target superannuation tax concessions, saving over $11.5 billion each year once fully implemented. Tax breaks on super currently cost about $45 billion a year and ...