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Showing 41 - 50 of 248 results for "Superannuation tax"

ASFA pushes for tax redistribution to benefit low-income workers

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... advocacy body has recommended that $750 million of the revenue generated be allocated to increase the Low-Income Superannuation Tax Offset (LISTO) threshold from $37,000 to $45,000, as well as raising the maximum payment from $500 to $700. It said this ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... that the proposed policy would have further implications for government taxation revenue, particularly for superannuation tax, which wasn't included in the analysis.

Super tax concessions cost $54.5bn in lost revenue: Research

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
Australia Institute research found women and low-income earners are being left behind by a superannuation tax concession system that disproportionately benefits high-income earners and men. The report said super tax concessions help high income earners ...

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
... Division 296 tax on superannuation balances is also key focus. If the legislation passes, it will reduce the superannuation tax concessions for those with total superannuation balances that exceed $3 million, Ashenden said. "Under the proposal, from ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... recommendation from the Women's Economic Equality Taskforce. When the government announced the proposed $3 million superannuation tax last year, it was hoped the additional revenues derived would be directed to paying super on PPL. At the time, the ...

How will Division 296 Tax impact farmers?

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... presenting at the SMSF Association Conference, shadow treasurer Angus Taylor slammed the proposed doubling of superannuation tax to 30%, saying it is a blatant attack on Australians' wealth.

Proposed super tax requires perspective: Expert

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
Members must look beyond the "doom and gloom" of the superannuation tax leaping from 15% to 30% and not be scared off from using SMSFs as an alternative retirement savings vehicle, according to an expert. Presenting at the SMSF Association National ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
Shadow treasurer Angus Taylor slammed the proposed doubling of superannuation tax to 30%, saying it is a blatant attack on Australians' wealth. Addressing day two of the SMSF Association National Conference at the Brisbane Convention and Exhibition ...

Teals will push for super tax indexation: Burgess

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... Association has confirmed it likely doesn't have enough senators on its side to block the proposed $3 million superannuation tax, but Teal independents intend to force an amendment ensuring it is indexed. Providing a legislative and technical update ...

SMC finds $38k nest egg boost for working mums

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... during childcare is a significant contributing factor to the problem." Secondly, increasing the low-income superannuation tax offset (LISTO) so that workers earning up to $45,000 receive a full tax refund on their super guarantee (SG) contributions can ...