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Showing 1 - 10 of 111 results for "personal income"

'We're proceeding' with Div 296: Chalmers

ELIZA BAVIN  |  THURSDAY, 31 JUL 2025
... held her own roundtable last week discussing the need for tax reform. Spender said the government's reliance on personal income tax was unfairly affecting young people. In response, Chalmers welcomed the input saying Spender was approaching the topic ...

Super a 'taxpayer subsidised inheritance scheme': Grattan

ELIZA BAVIN  |  TUESDAY, 24 JUN 2025
... to have unindexed thresholds in our tax system," Moloney said. "The most important tax thresholds there are the personal income tax scales. They're not indexed, right? And we have recurring debates about whether they should be reset." Moloney said Grattan ...

Ethical investment holdings double: CoreData

ANDREW MCKEAN  |  TUESDAY, 21 JAN 2025
... wealth levels, ranging from mass affluent - investors with a household income of at least $150,000 to $300,000 or personal income of $100,000 to $150,000 - to HNW investors with portfolios over $1 million, excluding superannuation and the home they live ...

US election to add to inflation woes: Experts

ELIZA BAVIN  |  TUESDAY, 5 NOV 2024
... policies. "To the extent that basic economic tenants still apply in this odd economy, lower taxes (especially on personal income) tend to increase spending/capital expenditures and demand," Cunningham said. "Harris' proposal is to reduce taxes for Americans ...

Retirement calculators 'can't be counted on': SCA

ANDREW MCKEAN  |  MONDAY, 30 SEP 2024
... retirement," SCA chief executive Xavier O'Halloran said. Most calculators offered no guidance to help people work out a personal income target that is appropriate for their circumstances. AMP's calculator was the only one that guided users through typical ...

Adviser queries jump 40%: AMP

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
... concessional contribution provisions," AMP head of technical strategy and TapIn John Perri said. "With the reduction to personal income tax rates and thresholds from July 1 this month, many Australians have benefitted from bringing forward deductions ...

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... tax reform, and this report makes the need even more clear, given our consistently high levels of company and personal income taxes (ranked 57th and 55th respectively)," Wilson said. "All parts of the tax system must be on the table - particularly the ...

Financial services workers eye earlier retirement

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... difference around 10 years before that." The study also found that the Age Pension is still the main source of personal income at retirement for 43% of retirees, followed by superannuation, an annuity, or private pension at 27%. "Over the past decade ...

New SMSF solution for Islamic Australians launched

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... contributions to the SMSF," Islam said. "Rent from the property would be taxed at a flat 15% rather than higher personal income or company tax rates and when the property is eventually sold for a greatly increased price it will be tax free as it will ...

Stage 3 tax cuts pass Senate

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... tax cut of about $1504, the government said. Previously, they would have saved around $700. "The changes to the personal income tax system will have a net cost of $1.3 billion over the forward estimates. The total impact of these tax cuts is expected ...
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