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Showing 641 - 650 of 6881 results for "Tax"

Most advisers satisfied with success: Research

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
... shows. The 171 advice practices canvassed by Elixir Consulting and Colonial First State recorded earnings before interest and tax (EBIT) margins that ranged from -20% (loss) and up to 60%. While this averaged to 23% for the group, the research found ...

Average super balances fall

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... 2020-21 to $164,000. The Australian Taxation Office (ATO) released its annual taxation statistics report, showing the total tax revenue collected by the ATO was $530.1 billion for the 2021-22 financial year. Of that, 50.3% came from individual income ...

Innova backs using leverage in super for housing

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
... residential property prices have created unprecedented wealth for Baby Boomers thanks to the power of leverage, lucrative tax breaks, constrained supply, and strong population growth. "Unfortunately, a generation of younger Australians have become the ...

ASX advances CHESS replacement project

ANDREW MCKEAN  |  THURSDAY, 13 JUN 2024
... its capital management settings, aiming for a dividend payout ratio of between 80% and 90% of underlying net profit after tax for the medium term. The Dividend Reinvestment Plan will continue to operate as part of this strategy.

What's keeping the Treasurer up at night?

ANDREW MCKEAN  |  THURSDAY, 13 JUN 2024
... primary focus of the Budget was to tackle inflation and provide meaningful but responsible cost-of-living relief in the form of tax cuts, energy bill relief, cheaper medicines and help with rent and student debt," he said. Chalmers said if the government ...

US looks towards rate cuts, Australia lags behind

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... in both public and private sectors show no significant sign of easing, as unemployment hovers near record lows. The stage 3 tax cuts that are rolling out in a couple of weeks are also the equivalent of two to three rate cuts," he said. "It's worth noting ...

GST rebate changes worsens cost of advice: SMSFA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
Abolishing the rebate for the GST component of adviser fees from July 1 can aggravate the cost of financial advice, according to the SMSF Association (SMSFA). In a few weeks' time, superannuation funds and platform providers will no longer be able to ...

Brighter Super awards custody mandate

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
Brighter Super has appointed a new custodian, severing its ties with NAB Asset Servicing. The $32 billion super fund chose State Street to be its custodian and back-office administrator for some 130 portfolios. The services cover fund accounting and ...

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 ...

Equip Super to introduce retirement specialists

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... specifically the pension environment, enables them to keep their money invested whilst drawing an income and taking advantage of tax benefits," Higgie said. "We aim to prepare members for retirement, ensuring they feel supported and know we will be there ...