BUDGET

Superannuation

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

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

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

Financial planning

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

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

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

Accounting

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 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

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

Policy & Regulation

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

Editorial

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

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

Superannuation

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...

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