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Showing 511 - 520 of 6825 results for "Tax"

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... deputy commissioner John Ford said: "This outcome sends a clear message to the community that we do bring those who exploit the tax and super system to account, particularly those who encourage and then benefit from others committing offences. We have ...

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 ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... an individual were to commute their legacy product without meeting one of the exceptional circumstances, it would result in tax and regulatory consequences." The proposed regulations would relax these commutation restrictions so that legacy products ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... and do not pay in full within 28 days. This will total up to 50% of the outstanding SG charge amount The SG charge will be tax-deductible, but any penalties applied on top will not be. "The approach to correcting late contributions will be simplified ...

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... growing opportunity for financial advisers and demonstrates the potentially detrimental effect of the proposed Division 296 tax. The 2024 Annual Benchmark Report dives into potential tax liability for Class members if the legislation passes, which could ...

Investment boutique calls time after seven years

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... Australian product aimed to deliver income by outperforming the S&P/ASX200 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt); since inception it achieved 10% total income and a total return of 9.4% versus the benchmark's 10.9% The Wheelhouse ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Despite the Australian Taxation Office's best efforts, there is still close to $18 billion in superannuation yet to be reunited with those who earned it. That's according to the latest figures, which show there's currently $17.8 billion in lost and ...

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... bridge the gender retirement gap but there is still work to be done. Adequate and equitable pay, the valuing of care work, and tax settings all need examining to ensure women aren't left behind." The peak industry also voiced concern over the recent ...

HESTA lowers insurance fees

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... ethics controversies" such as fraud, executive misconduct, corruption scandals, money laundering, anti-trust violations, or tax-related controversies.

Rising HNW numbers fuel need for specialist advice

JAMIE WILLIAMSON  |  THURSDAY, 12 SEP 2024
... the number of high-net-worth (HNW) investors in Australia last year, bringing with it increased demand for estate planning, tax optimisation, and investment strategy advice. About 690,000 Australians are now considered HNWs, up from 635,000 last year ...