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Showing 61 - 70 of 287 results for "Tax concessions"

Super tax structure less progressive: RIR

ELIZA BAVIN | FRIDAY, 20 NOV 2020

... superannuation earnings. "Over their lifetime, cameo modelling shows higher-income earners receive more superannuation tax concessions than lower-income earners as a percentage of superannuation contributions," it said. "Several stakeholders suggested ...

SG rise no real benefit to women: Review

JAMIE WILLIAMSON | FRIDAY, 20 NOV 2020

... financial security in retirement," AIST chief executive Eva Scheerlinck said. It was also suggested that super tax concessions be reduced for higher-income earners. The review states that while this would reduce the gender super gap it would only be ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON | FRIDAY, 20 NOV 2020

... 2.6% of GDP. "While the Age Pension helps offset inequities in retirement outcomes, the design of superannuation tax concessions increases inequality in the system. Tax concessions provide greater benefit to people on higher incomes," it said. However ...

Sweeping tax cuts announced

ANNABELLE DICKSON | TUESDAY, 6 OCT 2020

... indicated earlier this week, small to medium businesses like financial advice firms will be able to access up to 10 tax concessions as the aggregated annual turnover threshold has lifted to $50 million from $10 million. The concessions include car parking ...

Tax concessions, infrastructure in focus for budget

ELIZA BAVIN | FRIDAY, 2 OCT 2020

The Prime Minister has given an indication of what will be revealed in next week's federal budget with a focus on tax cuts and increased infrastructure spending. Prime Minister Scott Morrison gave the insight during his National Press Club address ...

Liberal senator slams super

ELIZA BAVIN | FRIDAY, 28 AUG 2020

... unions," Rennick said. He went on to criticise $40 billion in superannuation management fees and a similar amount in tax concessions. "Most of these fees go to white collar blowhards in Sydney and Melbourne. Every week rivers of gold flow out of regional ...

Young-old wealth gap widest in 18 years

KANIKA SOOD | MONDAY, 17 AUG 2020

... sustainable." As a solution, the paper suggests reviewing the rate of unemployment benefits, tightening superannuation tax concessions (also a call from Grattan Institute, as superannuation industry awaits the Retirement Income Review's final report) ...

Labor calls for end to war on super

HARRISON WORLEY | TUESDAY, 9 JUN 2020

... as they see their retirement savings deteriorate. Inequality will grow with a monstrous distortion of existing tax concessions." Jones finished by saying that if the Prime Minister is "genuine" about putting down the weapons, he should start by ending ...

ERS emerges as tax loophole for expats

ALLY SELBY | FRIDAY, 29 MAY 2020

... doing that." It was logical for expats impacted by the coronavirus pandemic to withdraw their super now to avoid tax concessions, he said. "If they don't face tax consequences now, when they do leave their super wont get treated under that penalty ...

A man is not a plan: Rice Warner

ELIZA BAVIN | MONDAY, 9 MAR 2020

... review the settings for means testing, and provide more public housing solutions. It also suggested changing super tax concessions, removing the $450 threshold for SG payments, consider providing tax deductibility of financial planning and allow joint ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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