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Showing 611 - 620 of 8079 results for "Average"

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... capital gains... Labor's Division 296 Tax is an unindexed wealth tax." Citing treasury numbers, Taylor said that an average earning 21-year-old today will pay double in taxes on retirement savings based on this new policy. Together with Labor's ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... indicated they had originally received one-off advice that landed them in the underperforming product. For this cohort, of the average member balance of $264,000, on average $90,000 was in an underperforming product. In reviewing roles and processes ...

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... regularly drawing down more than required. The research found two in three people draw income above the minimum, finding the average draw down is 40% more than required, even excluding lump sum withdrawals. Meanwhile, 90% of men and 80% of women have ...

Sydney HNWI drops $24m on EG building

CHLOE WALKER  |  THURSDAY, 15 FEB 2024
... has an occupancy rate of 85%. The multi-tenanted building, which includes EG's own prop-tech business, has a weighted average lease expiry (WALE) of 3.6 years. "Investors value high-quality commercial buildings, even outside of the Sydney CBD, and this ...

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... for Dexus saw mixed results, with a total decrease of about $697.3 million on prior book values. Notably, the weighted average capitalisation rates for both the Dexus office portfolio and Dexus industrial portfolio softened 32 basis points to 5.53% ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... consolidated in terms the number of practices and advisers, but the number of representatives has stabilised year on year. Average revenue per adviser and practice of $1.75 million is above industry norms, he said. Overall, the advice unit recorded an ...

SMC finds $38k nest egg boost for working mums

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... - not just those who work more than 30 hours a week. This could result in an extra $2600 in super contributions to the average underage worker. The government should also recognise the unique cultural perspectives of First Nations peoples on wealth ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... contributions into MySuper products in the year to 30 June 2023 were $134 billion, while $76 billion was paid out in benefits. The average account balance in a MySuper product is just shy of $64,000, while the average balance overall is $111,380.

Treasury details winners from tax concessions on super contributions

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... individuals in the lowest income brackets, often reliant on government payments, saw a negative share of benefits due to their average personal tax rates being lower than the 15% concessional rate. Tax advantages for the wealthy were also evidenced in ...

Gender pay gap reporting to be scrutinised

ROSE MARY PETRASS  |  WEDNESDAY, 31 JAN 2024
... increases are failing to keep up with men. According to the WGEA, Australian women earn 87 cents for every $1 men earn on average. In the next 12 months, men can expect to see a pay increase of 6.3% on average, while women will receive an increase of ...