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Inside and outside super: A different tax regime for older Australians

  • On 06/06/2016
The recent federal Budget highlights that older wealthier Australians enter a different tax regime from age 55, becoming even better from age 65. Consideration of this different tax regime is critical for effective retirement planning, particularly given the proposed Budget changes to superannuation. (Rice Warner’s BUDGET 2016 – SIMPLY SUPER.) It seems that the days […]
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Budget Fairness

  • On 27/05/2016
Are the super changes fair? Wealthy Retirees The Federal Budget introduced the biggest range of changes to superannuation since the penultimate Costello Budget a decade ago which gave generous indefinite tax-free super to all people once they attain age 60. The 2016 Budget has made several proposed changes which collectively have made the system far […]
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Looking into the post-Budget future of SMSFs

  • On 20/05/2016
The SMSF sector’s overall market share and assets under management are likely to emerge relatively unscathed from the federal Budget – at least over the medium term. This is despite the series of Budget provisions clearly aimed at wealthier, big-balance fund members who make the most of the tax treatment of superannuation, particularly in the […]
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Playing with TRIS – the impact on middle-Australia

  • On 13/05/2016
The Government’s Budget proposal to strip the tax exemption from earnings of assets backing Transition to Retirement Income Streams (TRIS) pensions may have a wider impact than initially realised. Under the proposal, earnings of assets supporting TRIS pensions will be taxed from July next year at the standard superannuation tax rate applying to the accumulation […]
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Addressing superannuation underinsurance

  • On 28/04/2016
What can superannuation funds and their members do to reduce Australia’s significant and persistent underinsurance gap? This is a critical question given that superannuation funds provide about three-quarters of life insurance cover in terms of policy numbers and the high level of underinsurance in Australia. (Rice Warner INSIGHTS, April 20.) A couple aged 40 with […]
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