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Showing 1 - 10 of 69 results for "Low Income Super"

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

Women in Super appoints chair

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... retire on average with one third the super of men." She said the immediate focus for the group is fixing the Low Income Super Tax Offset inequality.

Government introduces gender pay gap bill

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
... financial outcomes for women, the government can pay the super guarantee on paid parental leave and increase the low income super tax offset (LISTO). "Paying the super guarantee on paid parental leave, the same way as we do on wages, is one of the ways ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
Mercer has called for a fairer superannuation tax system, particularly for 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 ...

Stop penalising women: HESTA

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
... workers 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 ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... contributions above the threshold. For those whose income is below the effective tax-free threshold of $21,884, the low income super tax offset removes the tax penalty on contributions, ensuring the tax on contributions is zero but does not create a ...

ISA reaffirms stance on super guarantee

ELIZA BAVIN  |  TUESDAY, 4 FEB 2020
ISA said too many Australians, particularly women, are retiring without enough super and the increase to 12% is central to fixing the problem. "ISA analysis shows more than eight million Australians could be worse off in retirement if the super rate ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
The 2019-20 Federal Budget's subdued approach has received a similar welcome from the wealth industry. The big players are neither up in arms nor full of praise for the Budget, which was headlined by personal tax cuts and a $7.1 billion surplus ...

Qantas Super urges women take control of super

ELIZABETH MCARTHUR  |  FRIDAY, 15 MAR 2019
Women continue to lag behind men significantly when it comes to being prepared for retirement, new research shows. The Qantas Super CSBA Retirement Confidence Index asked people to rate their confidence in having enough money to retire comfortably out ...

Labor commits $400m to gender super gap

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
If elected, the Labor Party will work to narrow the retirement savings gap by topping up the superannuation accounts of women on parental leave among several other measures. Labor leader Bill Shorten has announced a plan to add $400 million to the super ...
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