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Showing 51 - 60 of 62 results for "Tax File Number"

Govt urges auto-rolling of $9.7bn lost super

RUTH LIEW  |  WEDNESDAY, 16 JAN 2008
... consider implementing the automatic rollover of "lost accounts" into a member's last known active account, using the tax file number system. According to figures from the Australian Tax Office, Australia's lost and unclaimed superannuation grew from ...

Non-TFN tax attack

MICHAEL HOBBS  |  WEDNESDAY, 5 DEC 2007
The 31.5 per cent tax penalty to be applied to super funds without member tax file numbers (TFN) risk massively damaging the retirement incomes of members who either don't know about the rule change or who can least afford the tax hit. Raising the dire ...

Plum awash with TFNs

CHRIS NICHOLLS  |  WEDNESDAY, 11 JUL 2007
Plum Financial Services' campaign to inform clients about the significance of not submitting tax file numbers post-1 July has netted a four-fold rise in submissions over the past few months, according to chief executive, Mike Fitzsimons. The number ...

Member TFNs now law but problems persist

ALEX DUNNIN  |  MONDAY, 2 JUL 2007
... Fund members not wanting to lose their superannuation tax concessions are, since 1 July, required to supply their Tax File Number (TFN) to their fund, but that doesn't mean concerns about how the legislation operates have subsided. Josel Ginsburg, a ...

Three times the tax without a TFN

... fund members are paying three times more tax on their super than they have to because they haven't given their tax file number (TFN) to their employers. Superpartners, the largest administration services provider in the country, is urging people to provide ...

BT to collect TFNs online

HAMISH MADDEN  |  FRIDAY, 27 APR 2007
BT Financial Solutions is making it easier for customers to provide tax file numbers (TFN) in the lead up to the 1 July super changes by launching an online TFN updating tool. As part of the raft of changes to superannuation to come into effect 1 July ...

All is not lost

... super' ruling that could come into effect in July 1 this year will reduce the amount held in lost super. "The Tax File Number (TFN) requirement for example will allow us to track down more people and give them the information about their unclaimed super ...

Employers should give TFNs to super funds: Mercer

NICK OLIVER  |  FRIDAY, 19 JAN 2007
Australians could be spared a hefty tax hit on employer super contributions if disclosure rules were amended so employers could provide super funds with employee tax file numbers, according to Mercer. As part of the new superannuation rules set to come ...

More super incentives from the Treasurer

... long-term savings under the new low to no tax super regime. The Government also announced that it will fund a Tax File Number (TFN) Education Campaign to encourage workers to give their TFN to their employers - for superannuation purposes - and by doing ...

Budget super consultations attract 3,500 submissions

ALEX DUNNIN  |  THURSDAY, 10 AUG 2006
The consultation period on the government's plan to simplify superannuation has closed, attracting an unprecedented 3,500 submissions. A statement issued by Treasurer Peter Costello's office said, "There has been strong interest and support for the ...