This Month
- Opinion
- Chanticleer
Why KKR’s Colonial First State calls default pension plan ‘dangerous’
Colonial First State chief executive Clive van Horen says the wealth and super giant is back in growth mode. But he’s not shying away from a big super debate.
- Updated
- James Thomson
The three types of people most likely to avoid high-end super tax
A new study shows a quarter of high-income earners tweak their finances to minimise the tax they pay on superannuation, and they are mostly self-employed, trust beneficiaries and women.
- Updated
- Hannah Wootton
May
- Opinion
- Tax reform
Cutting company tax is not the only way to spur investment
Recognising the cost of equity in the tax system is the equitable, effective and productive way to achieve corporate tax reform.
- Robert Breunig and Kristen Sobeck
‘Radical, illogical’ cap on super ASX stakes would cost savers
Instead of helping Australians buy ASX shares, a cap as proposed by Andrew Bragg would just help foreign capital own more of the market, industry experts warned.
- Hannah Wootton
The super funds where customers are retiring faster than new ones join
The research from KPMG comes as the $3.6 trillion superannuation industry heads towards the point it is paying out more cash than it brings in.
- Hannah Wootton
Boomer ‘wave’ of outflows starts to hit super
Australia’s biggest retail superannuation funds are paying out billions more dollars in cash than they are bringing in as baby boomers reach retirement age.
- Updated
- Hannah Wootton
Investors to be stung by $250m in new advice fees
A tax office ruling will see investors pay 7.5 per cent more for advice obtained from super funds and platforms, despite government moves to cut advice costs.
- Michelle Bowes
‘Super-sized hole’ in budget as Treasury revises tax take
Treasury has cut $11 billion from its four-year estimates of revenue from superannuation taxes, as “overly large tax concessions” keep benefiting the richest retirees.
- Hannah Wootton
- Analysis
- Tax disputes
Lendlease tax whistleblower’s 12-year fight for vindication
Lendlease’s tax dispute could cost it at least $112m, but whistleblower Anthony Watson has lost his job, battled depression and is about to sell his family home.
- John Kehoe
- Exclusive
- Oil
Shell sues ATO over claim it was short-changed $99m in CGT bill
The ATO believes the company should have declared capital gains $330 million higher than first reported for its exit from the old Woodside Petroleum.
- Lucas Baird
- Exclusive
- Tax avoidance
Lendlease hit with $112m tax bill over retirement business
The property group has been hit with an initial $112 million bill from the Tax Office, in a dispute that could ultimately cost it more than $300 million.
- John Kehoe
Greens demand $2m threshold for super wealth tax
The Greens have a new list of demands in exchange for their support on Labor’s new tax on high balance super accounts.
- Updated
- Michelle Bowes
The instigator of WA’s GST deal says it is failing
Colin Barnett says there was no need for the prime minister to lift WA’s minimum GST “floor” from 70¢ to 75¢ in the dollar, as is set to occur from July.
- John Kehoe
April
Big super splits on performance test reforms
Labor announced it was reviewing the test after several funds said the current rules stopped them investing in the “nation building” initiatives the government wanted them to bankroll.
- Hannah Wootton
Start-ups, dentists drain retirement savings in ‘super scam’
The value of super withdrawn for dental treatments nationally jumped 373 per cent to $313 million from 2019 to 2023, and Labor has warned of a potential crackdown.
- Hannah Wootton
Labor will tax super savers twice under proposed ‘wealth tax’: Taylor
Double taxation was “a natural consequence” of Labor’s plan to tax unrealised gains under its proposed tax increase on super balances over $3 million, the shadow treasurer said.
- Hannah Wootton
Savers with $3m-plus super could pay double tax on earnings
Labor’s plan to increase the tax paid on earnings for super accounts with more than $3 million could sting savers twice, experts have suggested.
- Updated
- Hannah Wootton
