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Showing 41 - 50 of 6198 results for "Tax"

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... according to Morningstar, and is designed for experienced investors who want the potential for long-term capital growth and tax effective income, diversification across Australian companies and industries. The fund primarily invests in a geared portfolio ...

Unmet financial advice needs affect millions in Australia

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
... needs. "These findings further highlight the necessity to address the cost barrier, three in four unadvised with needs state tax-deductible advice fees would be a likely incentive to seek advice - increasing to 85% among potential adviser clients," Guiamatsia ...

Simple strategies to overcome gender super gap

KARREN VERGARA  |  THURSDAY, 7 MAR 2024
... effective ways women can help curb financial stress in the future. Contributing to super from the age of 30 at an additional pre-tax $25 every week, for example, will result in an additional balance at retirement of $50,000. "That would completely offset ...

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... did flag there's still more that can and should be done. ASFA, Super Members Council and HESTA said the Low-Income Super Tax Offset (LISTO) should be updated to reflect current tax and super settings. "Firstly, that they increase the maximum income ...

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 ...

Iress share price jumps on takeover rumours

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
... and laid out plans for the non-performing business units. The 2023 financial reporting period saw Iress' net profit after tax (NPAT) plummet from a $52.7 million profit to a $137.5 million loss. Iress' share price reached as high as $15.10 in 2021. It ...

Aussies say they're paying too much tax

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2024
A survey has found 64% of Australians think they pay too much tax, with millennials the most likely to complain. Research by Finder found almost 13 million Australians believe they pay too much tax each financial year. According to the study, 80% of ...

Count completes Diverger acquisition

KARREN VERGARA  |  MONDAY, 4 MAR 2024
Count has finalised the acquisition of Diverger as the latter officially delists from the ASX today. The group now has 590 financial advisers and funds under advice (FUA) of $29.9 billion. Count chief executive Hugh Humphrey said: "An important strategic ...

Platinum plans turnaround, FUM dwindles

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
... full agenda, I am confident we can get it done." Total revenue was down 2% to $99.8 million year on year, while profit after tax was $35.6 million. The second stage of its overhaul, which will be implemented over the next six-plus months, involve enhancing ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... implicitly via a reduction in government-provided services such as education or healthcare, the SMC said. "We estimate the extra tax burden to peak at around $150 per taxpayer per annum in the 2060s, with those in their late 40s and early 50s having ...