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Showing 61 - 70 of 212 results for "Super tax"

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
... Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights, the annual cost of super tax concessions sits at $52.6 billion, while the value of the entire Age Pension program is $55.3 billion. They also equate ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... lower-income earners and women in its pre-budget submission. Mercer's proposed changes aim to improve the fairness of the super tax system, which currently has an inherent bias towards high-income earners. Proposed changes for improving fairness in the ...

Stop penalising women: HESTA

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
... in the second lowest tax bracket received no tax benefit on their super. It argued that the government's Low Income Super Tax Offset (LISTO) eligibility no longer supports lower income earners, who are most likely women, following 2017 increases in super ...

Treasury working on QAR, super tax concessions

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
... the release of the Quality of Advice Review (QAR) final report, while also confirming the government has not scrapped super tax concessions. A spokesperson for minister for financial services Stephen Jones said the final report from the QAR will be released ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... weighed up carefully, Howard warned. Howard added that the ability to make up $300,000 in downsizer contributions to super tax-free can boost retirement savings significantly. However, as part of retirement planning, clients who are receiving an Age ...

Government eyes crackdown on super tax concessions

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
Concessional tax arrangements for high balance super funds will be reviewed by the government. Assistant treasurer and minister for financial services Stephen Jones spoke at the Australian Financial Review Super & Wealth Summit, saying the taxation ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
Financial Services Council (FSC) research shows that proposed increases to super taxes will not deliver a sustainable Federal Budget position. The FSC engaged DeltaPearl Partners to perform economic modelling of six possible measures adjusting the current ...

Childcare key to super gap

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 MAR 2022
... also improve the Budget bottom line by reducing social security payments and the age pension, adding extra income and super tax earnings while cutting the gender super gap. "The gender super gap widens dramatically during the years when many women take ...

Super tax concessions to outstrip Age Pension by 2040: Report

KANIKA SOOD  |  MONDAY, 28 JUN 2021
By 2040, the government will be spending more on superannuation tax concessions than on the Age Pension, according to the fifth Intergenerational Report released today. The government currently spends about 2% of the GDP on superannuation tax concessions. ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
The Treasury Laws Amendment (More Flexible Superannuation) Bill was debated in the Senate today, with an amendment suggested by Senator Pauline Hanson. Hanson and her One Nation colleagues circulated an amendment that would see people over the age of ...