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Showing 811 - 820 of 1755 results for "Budget 2014"

Super's purpose under further scrutiny

DARREN SNYDER  |  FRIDAY, 22 JAN 2016
The immediate need for a definition of superannuation to be enshrined in federal legislation is becoming clear as more ideas are floated about how to best use the savings pool. Western Australia Senator Chris Back has proposed that super could be used ...

20pct tax rebate is budget neutral: FSC

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
Lifting the superannuation guarantee to 12% and pushing a 20% rebate on marginal tax rates for super contributions would have no effect on the federal budget. This is according to the latest modeling from PwC prepared for the Financial Services Council ...

Public sector retirees angry over income exemption cuts

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
Tens of thousands of public sector pensioners are learning the scale of changes to their defined benefit schemes that sees cuts to exemptions for the Centrelink pension income test. In June last year the federal parliament introduced a 10% cap on defined ...

MYEFO writes down billions in super fund taxes

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
The federal government has all but conceded superannuation funds will not have the greatest 2016 after significant tax write downs in the Mid-Year Economic and Fiscal Outlook (MYEFO) were released yesterday. Superannuation fund taxes have been written ...

Modest rise in retirement living costs: ASFA

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
Retirees will welcome a modest rise in cost of living during the September quarter but retirement savings balances are still below par in order to live a comfortable lifestyle. The Association of Superannuation Funds of Australia (ASFA) released its ...

Aussies don't want gift of super this Christmas

DARREN SNYDER  |  TUESDAY, 15 DEC 2015
Over the Christmas break about 30% of Australians would rather pay off debt than top up their superannuation balances according to the latest MLC Wealth Sentiment Survey. Interviewing more than 2000 people in its quarterly survey, MLC found investor's ...

ISA launches super tax plan

DARREN SNYDER  |  MONDAY, 14 DEC 2015
Industry Super Australia (ISA) believes it has a tax package that would boost aggregate superannuation savings by $625 billion to 2055. After publicly arguing the case for a " super seed " in September, ISA is reinforcing several other tax initiatives ...

No change to super tax subsidy measure

ALEX DUNNIN  |  FRIDAY, 4 DEC 2015
Superannuation lobby groups have failed to convince a parliamentary inquiry that the Tax Expenditures Statement misrepresents the cost of superannuation subsidies. The House of Representatives Standing Committee on Tax and Revenue has just issued its ...

Super tax breaks review could save $6.6bn: Grattan

LAURA MILLAN  |  WEDNESDAY, 25 NOV 2015
Better targeting of superannuation contributions tax breaks could save the budget $3.9 billion a year and increasing taxes on superannuation earnings of retirees could raise another $2.7 billion, Grattan Institute research shows. "The current system ...

Super lifetime cap could increase budget costs: Budget Office

LAURA MILLAN  |  MONDAY, 23 NOV 2015
Placing a lifetime cap on voluntary superannuation contributions could actually end up costing more money to the budget, a report by the Parliamentary Budget Office (PBO) commissioned by the Greens found. The Greens commissioned the report in light ...