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Showing 591 - 600 of 1014 results for "Taxation"

SMSF wind up trend is not real: SuperGuardian

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
... SuperGuardian has rebuked claims that SMSF trustees are increasingly winding up their funds. The provider argues that Australian Taxation Office (ATO) figures for the five years to June 30, 2013, show that on average for every five funds established ...

CareSuper, Crowe Horwath partner to wind up SMSFs

STAFF WRITER  |  WEDNESDAY, 13 AUG 2014
... with accounting and financial advice firm Crowe Horwath. CareSuper noted that the latest figures from the Australian Taxation Office (ATO) point at an increasing trend of SMSF wind ups, with 7,653 trustees shutting down their individual fund between ...

Super tax in firing line

MARK SMITH  |  FRIDAY, 8 AUG 2014
... repair the fiscal state of the economy, according to BT chief economist Dr Chris Caton. "The generosity of the super taxation structure will come under intense scrutiny as budgetary pressure increases on the Australian economy," Caton said. The senior ...

Resources needed for outcomes, regulators warn Treasury

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... critical that APRA maintain its attractiveness as an employer." The Tax Practitioners Board (TPB) and the Australian Taxation Office (ATO) were also among the regulators that provided statements of intent to Treasury.

SMSFs get off lightly in FSI interim report

JAMES FERNYHOUGH  |  WEDNESDAY, 16 JUL 2014
... compulsory annuitisation, a policy which would affect SMSFs. SMSFs are currently regulated for tax purposes by the Australian Taxation Office (ATO). The report made no mention of making any changes to this. However, SMSF advisers and accountants are ...

FSI questions viability of franking credits

JAMES FERNYHOUGH  |  WEDNESDAY, 16 JUL 2014
... of future governments to change them to maintain confidence and trust in the system." The question of superannuation taxation exemptions for high balance super accounts in general looks likely to come under real scrutiny in the final report. The interim ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... many retirees." It made three policy suggestions for solving this problem: introducing regulatory incentives, such as taxation measure, to encourage retirees to take income streams rather than lump sums; a default retirement income option, akin to MySuper ...

ATO closing in on undisclosed offshore income

MARK SMITH  |  MONDAY, 30 JUN 2014
The Australian Taxation Office (ATO) is mining data to track down people with undisclosed offshore income and assets. The ATO is examining information from a range of sources including: data from overseas tax authorities on Australians with offshore ...

SMSF members getting younger

MARK SMITH  |  TUESDAY, 24 JUN 2014
More than six in 10 self-managed super fund (SMSF) members are aged between 34 and 54 as Australian Taxation Office (ATO) data shows members are getting younger. According to the latest Trends in SMSFS report from CoreData, the age distribution of members ...

Women to feel pain of scrapped LISC

JAMES FERNYHOUGH  |  MONDAY, 16 JUN 2014
... reality is that until every Australian receives a tax concession on their super contributions, no other changes to the taxation of super will be accepted by the community at large." The LISC contributes up to $500 in superannuation to those earning less ...