Budget

Superannuation

First draft legislation omits thorny super issues

The most controversial changes to super proposed in the Federal Budget such as the $500k lifetime limit have not been mentioned in the first tranche of draft legislation,...

Policy & Regulation

Morrison hangs tough on super concessions

Federal Treasurer, Scott Morrison, is maintaining his stance that there can be no concessions around the $500,000 concessional cap in the absence of real Budget savings....

Financial planning

Proceed on Budget proposals to avoid potential tax

Sticking with the current rules on non-concessional contribution caps could lead to paying double tax in the future, according to CFS....

Financial planning

Super changes could increase advice costs

Budget changes to superannuation along with legislation limbo until the election could see a rise in advice costs as advisers review client financial plans....

Superannuation

Has the Govt alienated its super base?

New analysis from Roy Morgan Research suggests the Government’s changes to superannuation may have succeeded in alienating a significant cohort of its own supporters....

Superannuation

ASFA likes LISTO, dislikes concessional cap reduction

Reducing annual concessional caps to $25,000 will not help individuals that have low super balances catch-up on their super, ASFA believes....

Accounting

Government walking a fine line on Budget cuts

Expanding the small business tax turnover threshold and the middle-tier income tax bracket will see the Government hoping its assumptions are true, the Institute of Publi...

Financial planning

Planners warned on ‘gap trap’

Planners will need to be wary of changing firms around the time the Government moves to implement its changes to professional standards and education requirements....

Policy & Regulation

Will super funds and insurers pay price for increased bank scruinty?

The Government is set to increase the APRA levy to fund increased ASIC scrutiny of the banking industry....

Policy & Regulation

Govt warned on super lump sum myth

Actuarial firm Rice Warner has warned the Government against predicating Budget changes on the superannuation lump sum myth....

Editorial

DDs and policy certainty

Financial planners and their clients face an inevitable period of uncertainty at a time of continuing volatility if the Government moves for a double dissolution election...

Superannuation

Super the victim of tax debate deceit

A roundtable of senior superannuation executives fear super will be the victim of a deceitful and incomplete tax debate....

Superannuation

FSC’s Loane outlines six-point super plan

Financial Services Council chief executive, Sally Loane has outlined a six point super plan based on policy certainty, delivery of a 12 per cent SG by 2022 and better tar...