Labor has given Australians ample notice of their intention in government to end cash imputation payments to those who are unable to take advantage of a credit offset on their tax bill. With Labor almost certain to win the upcoming… Read More ›
Australia’s Future Fund Achieves Stunning Investment Returns.
Australia’s Sovereign Wealth Fund (future fund) 10 year investment results Portfolio update at 30 September 2018 - Future Fund grows to $148.8bn - 10-year return of 9.2% pa exceeds benchmark target of 6.5% pa - Exceeds benchmark return across all… Read More ›
Is Superannuation the tax-effective vehicle to save for our retirement we think it is?
Paying just 15% contribution tax instead of your marginal tax rate sounds like a generous incentive to save for your retirement in a superannuation fund. Looking more closely however, might you be better off paying full income tax, and not… Read More ›
Super taxation schedule summary.
The misleading political allegation that since superannuation funds do not pay tax, retirees should not receive cash imputation credits, prompted me to research the accuracy of the statement. I have resourced the information in the summary below from Trish Power’s… Read More ›
Should asset wealthy retirees receive cash imputation credits when they pay little or no income tax?
This question is looming as a key issue for voters at the next federal election. Abolition of such payments from the tax office is a smart suggestion from public policy think tank, Melbourne’s Grattan Institute, originators of another Labor policy… Read More ›
For better or for worse? The Pension Asset Test Changes.
Long-mooted changes to pension eligibility have now come into effect from January 1 2017. Longer retired Aged Pensioners with dwindling assets will benefit from a higher pension payment. On the other hand, those more recently retired are likely to receive… Read More ›
New Look Reverse Mortgages!
Disclaimer: This post is written as a consumer, and does not purport to be an authoritative guide to the topic of reverse mortgages for retirees. It seeks to stimulate the interest of fellow retirees and assumes that they will do… Read More ›
Tax concessions for super contributions threatened.
Once again critics have called for government to cut the budget deficit by removing the tax-concessions on super. Their catch-cry is that they are not needed, and amount to little more than a tax scam for the affluent. This may be true for the… Read More ›
Super-duper Industry Super
The former master of party polemic, Paul Keating, made an unexpected return to the political stage he once dominated, two weeks ago. It only took what seemed an inoffensive call by Treasurer Joe Hockey to debate dipping into superannuation savings to… Read More ›
A super idea for the benefit of first home buyers.
Independent Senator for South Australia Nick Xenophon is far from being a one issue politician suggested by the title ” No Pokies Party”. He is renowned for having sensible positions on the issues of the day, for his integrity, and for championing the causes of ordinary Australians…. Read More ›