The tax-free status of super pensions will not change because Division 296 is levied on individuals whose total super balance ...
Every prominent criticism of the tax has been addressed, with the result that it will apply to fewer people and raise less money.
In a move likely to infuriate older investors, pension payments will be included when the government calculates the amounts owed under the new tax on super savings. Under current arrangements, older ...
The two new tax rates for people with high super balances proposed last week brings the number of tax rates in the system up ...
A remarkable 700,000 older Australians are paying tax every year on their superannuation savings when there is no reason to do so.
As we approach the end of another financial year, there will be the usual rush to make last minute super contributions. But it feels different this time around. What is weighing on people’s minds is ...
On the go: UK pension superfunds could encroach on life insurers’ bulk purchase annuity market, as the new consolidation vehicles may present employers with a more affordable alternative, according to ...
SYDNEY (Reuters) - Australian telecom major Telstra's pension fund arm TelstraSuper will merge with bigger peer Equip Super creating a combined fund that would manage around A$60 billion ($38.8 ...
A “super-deduction” introduced in the Budget could see less money available to clear pension deficits, experts have warned, as businesses look to take advantage of the tax break. The super-deduction ...
LONDON (Reuters) -Britain wants to build a slew of "megafunds" with up to 80 billion pounds ($102 billion) in fresh investment firepower, under plans for the biggest shake-up in UK pensions seen in ...