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Showing 1 - 10 of 6235 results for "tax"

GST rebate changes worsens cost of advice: SMSFA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
Abolishing the rebate for the GST component of adviser fees from July 1 can aggravate the cost of financial advice, according to the SMSF Association (SMSFA). In a few weeks' time, superannuation funds and platform providers will no longer be able to ...

Brighter Super awards custody mandate

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
Brighter Super has appointed a new custodian, severing its ties with NAB Asset Servicing. The $32 billion super fund chose State Street to be its custodian and back-office administrator for some 130 portfolios. The services cover fund accounting and ...

Super tax concessions cost $54.5bn in lost revenue: Research

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
Australia Institute research found women and low-income earners are being left behind by a superannuation tax concession system that disproportionately benefits high-income earners and men. The report said super tax concessions help high income earners ...

Equip Super to introduce retirement specialists

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... specifically the pension environment, enables them to keep their money invested whilst drawing an income and taking advantage of tax benefits," Higgie said. "We aim to prepare members for retirement, ensuring they feel supported and know we will be there ...

Advisers shoulder massive wealth transfer

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
... The incumbent financial adviser is the best person in the world to advise the next generation because we can factor in the tax, we understand the history of the portfolios, we know the financial situation well, and how every asset works," he says. "People ...

HNWIs wealth reaches unprecedented levels

ANDREW MCKEAN  |  FRIDAY, 7 JUN 2024
... generations will transfer more than $80 trillion, spurring demand for both financial services (such as investment management and tax planning) and non-financial services (including philanthropy, concierge services, passion investments, and networking ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
As the number of business insolvencies spike, workers will soon be able to claim unpaid superannuation owed to them by defunct employers under the Fair Entitlements Guarantee (FEG) Recovery Program. From 1 July 2024, staff who worked for employers that ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... aggressive rate hiking cycle has clearly worked to slow demand growth in the economy. Rising mortgage payments along with a lift in tax payable and the effects of elevated inflation have weighed on household purchasing power. And the tailwind of pent-up ...

EQT updates on Australian Executor Trustees acquisition

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... growth for the company, adding $5.4 billion in funds under management and boosting overall revenue and earning before interest, tax, depreciation and amortisation by more than a third. The acquisition was funded through a combination of both debt and ...

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
... rent assistance, Ashenden said. For the mass affluent segment, advisers are busy helping manage budgets, superannuation, and tax strategies. The proposed Division 296 tax on superannuation balances is also key focus. If the legislation passes, it will ...
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