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Showing 41 - 50 of 73 results for "Low Income Super"

Super tax concession savings not overly generous: NAB

DARREN SNYDER  |  TUESDAY, 16 JUN 2015
... what would have been paid on an individual's ordinary income - implying that the bank supports the now abondoned low income super rebate scheme. "Tax rules within super should be consistent with tax rules outside super but at a different rate. If this ...

No new taxes on super welcomed

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
... reinstating the original timetable for the Super Guarantee increase to 12% and a long-term commitment to the Low Income Super Contribution (LISC)," she said. "These two measures will make a world of difference to the amount of money people retire on ...

Remove 10% rule for deductible contributions: SMSF Association

LAURA MILLAN  |  TUESDAY, 17 FEB 2015
The SMSF Association has argued for the removal of the 10% rule for tax deductible voluntary contributions to allow all employees access to deductions to superannuation contributions. "Removing the 10% rule would alleviate the red-tape burden for businesses ...

AIST lobbies govt to keep LISC payment disclosure

JAMES FERNYHOUGH  |  WEDNESDAY, 26 NOV 2014
The Australian Institute of Superannuation Trustees (AIST) is calling on the government to maintain separate disclosure of low income superannuation contribution (LISC) payments on superannuation statements. While the government has moved to abolish ...

SG freeze to hit young and low income earners hardest

JAMES FERNYHOUGH  |  WEDNESDAY, 3 SEP 2014
The government's decision to hold off raising the superannuation guarantee will cost young people tens of thousands of dollars in retirement savings, according to figures released by Industry Super Australia. A 25-year-old on $40,000 a year will miss ...

SG frozen till 2021, industry 'dismayed'

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
The Senate has passed legislation that will freeze the superannuation guarantee at 9.5% until 2021, and abolish the Low Income Superannuation Contribution in 2017. The laws, which were part of an extensive package of reforms contained in the Minerals ...

Senate saves the LISC

JAMES FERNYHOUGH  |  MONDAY, 21 JUL 2014
The low income superannuation contribution (LISC) scheme has been saved after the Senate blocked the repeal of measures related to the mining tax. The LISC, which was a spending measure associated with the Minerals Resource Rent Tax, was saved after ...

Palmer to oppose abolition of LISC

JAMES FERNYHOUGH  |  MONDAY, 7 JUL 2014
Clive Palmer has announced his party will block legislation to abolish the low income superannuation contribution (LISC). Addressing the National Press Club today, Palmer said: "Palmer United supports the abolition of the mining tax, but cannot support ...

Future of LISC in Palmer's hands

JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
Thirty-five prominent figures in the superannuation industry have called on the Palmer United Party to use its influence in the Senate to block the scrapping of the low income superannuation contribution (LISC) scheme. The letter, organised by Women ...

Women to feel pain of scrapped LISC

JAMES FERNYHOUGH  |  MONDAY, 16 JUN 2014
Women and regional Australians will be the worst affected by the government's plan to scrap the Low Income Superannuation Contribution (LISC) scheme, according to Industry Super Australia (ISA). Using figures from the Australian Bureau of Statistics ...