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Showing 61 - 70 of 99 results for "contribution caps"

Labor completes super agenda with passage of four bills

JAMES FERNYHOUGH  |  TUESDAY, 25 JUN 2013
... bills through the Senate last night. Included in the new laws (listed below) was an increase in concessional contribution caps to $35,000 for people over 60 for the coming financial year. This cap increase will be extended to the over-50s in the 2014-15 ...

Trustees warned about unintentional SMSF contributions

JAMES FERNYHOUGH  |  FRIDAY, 21 JUN 2013
... said SMSF holders should be particularly wary of unintentional contributions, which can affect compliance and contribution caps. Examples of such unintentional contributions are: non-market rent charged on a property owned by the fund; paying an amount ...

Budget 2013-14 wrap up

ALEX DUNNIN  |  WEDNESDAY, 15 MAY 2013
... investing offshore. The government has also confirmed moves to simplify penalties for people who have breached their contribution caps by allowing them to refund excess concessional contributions according to the marginal tax rate with only an interest ...

Treasury releases draft EM for super changes

ALEX DUNNIN  |  TUESDAY, 7 MAY 2013
... passed into legislation as quickly as possible, public comments must be received by Monday 13 May. The increased contribution caps were announced by the government on 5 April this year following an intense public policy political fight that broke out ...

Super tax concessions not overly generous: Mercer

BEN COLLINS  |  MONDAY, 11 FEB 2013
... has ruled out taxing withdrawals on super for people over 60," Anderson said. Mercer's research also compares contribution caps across countries and highlights their benefit in encouraging long term saving for retirement, without the Government having ...

Super concessions cost $32bn in 2011-12

ALEX DUNNIN  |  FRIDAY, 1 FEB 2013
... drawn to examining this area of government spending or foregone revenue. For example, the government's review of contribution caps and the Coalition saying that while it will leave superannuation unchanged should it win government in September it will ...

Labor's $30bn secret super tax plan revealed

LINDA HAUSKEN  |  WEDNESDAY, 10 OCT 2012
... their retirement," he added. So far Labor has increased taxes on voluntary savings by reducing concessional contribution caps from $50,000 and $100,000 down to $25,000 across the board. Meanwhile, Australians who want to save more than $25,000 annually ...

Coalition releases super manifesto

ALEX DUNNIN  |  WEDNESDAY, 20 JUN 2012
... impeding availability of income stream retirement products, and subject to Budget constraints, restore the higher contribution caps. A Coalition government would improve superannuation social equity and restore the co-contribution scheme in an effort ...

Take advantage of current concessional caps: OnePath

CLAIRE MCGREAL  |  WEDNESDAY, 14 MAR 2012
... according to Andrew Lowe, head of technical sales strategy at OnePath, who said current legislation will see contribution caps drop from the current $50,000 to $25,000 for the next financial year. "Why it is particularly timely right now to be having ...

Tax and Super bill doesn't go far enough: SPAA

CLAIRE MCGREAL  |  MONDAY, 5 MAR 2012
... Association of Australia (SPAA) maintains the refund measure falls short in addressing accidental breaches of excess contribution caps. "While we acknowledge the need to deter people from making excess contributions, the tax applicable to excess non-concessional ...