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Showing 911 - 920 of 6836 results for "Tax"

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
Rich Australians who possess $1.9 million on average make up nearly two thirds of total household wealth, a new study finds. A new paper from the Actuaries Institute, Not a level playing field, examined the wealthiest and poorest 20% of the population ...

LongView launches shared equity fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... co-investing in the equity with the homeowner, Thornley added that the fund shares in the levered equity returns and land tax exemption of homebuyers. The fund, which targets wholesale and family office investors, closes on May 31. From year three, it ...

Wingate launches third credit fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... invests in corporate debt opportunities in Australia and New Zealand. Wingate Corporate Credit Fund 3 (WCCF3) targets net pre-tax returns of over 10% per annum. The fund invests in corporate loans and debt securities issued by companies in Australia ...

HESTA adds Dahn to board

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... Super. Before Pitcher Partners, Dahn worked as an accountant gaining experience with KPMG in audit and Arthur Anderson in tax. She later held senior financial positions in the Victorian Government Departments of Premier and Cabinet and Treasury and Finance. ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... long-term investors who opt for term deposits over more aggressive superannuation investments. "Firstly, there are substantial tax concessions on getting money into superannuation - so even if you do end up investing in a term deposit within super, missing ...

Clime outlines growth focus, wins mandate

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... 1.5% from $260 million to $256 million. A similar loss was experienced last year, as Clime's statutory net profit after tax (NPAT) slid to $236,000 from $445,000 in the six months to December 2022. However, Clime did note that, during the March quarter ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
The Australian Shareholders' Association (ASA) has noted several issues it has with the government's super tax concessions proposals, including the taxing of unrealised profits on asset movements and lack of transition period. In its submission, the ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... but remains lower than the 20.8% peak in 2017, before the introduction of the Transfer Balance Cap (TBC). The TBC limited tax-free retirement savings to $1.6 million. Rainmaker suggested that without the TBC, total superannuation contributions in 2022 ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... for retirement, the Financial Advice Association Australia (FAAA) urges the federal government to decrease the proposed 30% tax rate for superannuation balances that exceed $3 million. This is in response to the Better targeted superannuation concessions ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
The tax office issued a fresh warning to the rich who use self-managed superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth ...