Keyword "Superannuation balances" - List of latest news (22 results)

21/04 Real impact of Trump chaos on Aussies revealed

The net wealth of Australians has fallen on the back of US President Donald Trump’s tariff plans.

11/04 Peter Dutton warns of super ‘ticking time bomb’ for younger workers

The Liberal Party has predicted a ‘tax bomb’ awaits a younger generation of workers if the Albanese Government is re-elected because of “sneaky” moves to double the tax on super balances over $3 million.

05/04 Trump tariffs spark five-year AUD low

The Australian dollar has hit a five-year low as China hits back against Donald Trump’s trade war.

26/03 Budget reveals Labor pushing ahead with tax on unrealised capital gains for superannuation

It was one of Kamala Harris’ most controversial policies that even one of her most ardent supporters called an “economy killer” — but Tuesday’s budget reveals Labor is full steam ahead on taxing unrealised capital gains.

11/03 ‘Be alert, not alarmed’: Aussie superannuation funds battered by US stock market turmoil

Australians’ superannuation balances have been hammered by turmoil in US share markets as Donald Trump’s tariff war escalates and recession fears grow.

28/01 Major change coming to super accounts

Mandatory services standards will be legislated for superannuation funds in order to safeguard the financial futures of Aussies headed for retirement, amid calls from the government on companies to “get better”.

24/01 Major retailers drive Aussie market surge

Australian shares edged higher on the final day of trading before the long weekend, with the surge driven by a strong performance from domestic retailers.

19/12 One thing making Aussies $1.5 trillion richer

Surging house prices, superannuation growth and a strong share market has seen Australia’s wealth jump by more than a trillion dollars over the last 12 months.

24/01 Most of the Australians negatively impacted by Anthony Albanese’s tax cut backflip aren’t ‘rich’, expert claims

Australians who will miss out on generous tax cuts aren’t mostly wealthy company bosses or bankers, but ordinary hardworking tradies and small business owners, one economic commentator argues.

04/01 How much money Aussies need to earn in order to feel rich has been revealed

New research has revealed exactly how much money Australians need to make before they feel rich – and it’s no small sum.

02/10 Secret RBA documents reveal a dramatic escalation of the cost-of-living crisis

Secret briefings inside the Reserve Bank reveal a startling surge in the number of middle-class Australians on six-figure salaries seeking a financial crisis support.

31/08 Greens launch threat to Albo’s super changes

The Greens have announced they are ready to block Labor’s bid to charge wealthy retirees more tax unless the government commits to paid parental leave changes, claiming women are “sick of waiting”.

09/06 Australia’s richest suburb revealed

The majority of Australia’s highest earners live in Sydney’s eastern suburbs, new figures from the Australian Taxation Office confirm.

10/04 Boomers urged to stop hoarding

With 800 Australians due to retire every day for the next decade, giving them access to a whopping $1.5 trillion in superannation, Baby Boomers are being encouraged to stop hoarding and start spending their retirement funds – or risk new taxes being imposed.

21/03 ‘Lot coming at us’: Treasurer’s warning

Federal treasurer Jim Chalmers has given insight into how Australia’s soaring rate of inflation will pan out as millions continue to grapple with cost of living pressures.

08/03 Super detail Aussies are missing

Australians with superannuation balances over $3 million face a bigger tax rate in a few years time but there is one figure when it comes to retirement funds that should alarm people.

07/03 Why aren’t more men doing this?

COMMENT

06/03 1-in-10 Aussies to feel super changes

One-in-ten people would eventually be affected by Labor’s proposal to slash tax concessions on the biggest super balances according to new modelling revealed in parliament.

05/03 Aussies back Albo on millionaire tax

A majority of voters have backed Anthony Albanese’s controversial plan to slug millionaires with super balances worth over $3 million a year into paying more tax.

28/02 ‘What’s next?’ Kochie’s fury over tax rumour

Prime Minister Anthony Albanese has been forced to rule out tax changes to the family home as “a bad idea” after Treasurer Jim Chalmers failed to rule it out on Sunrise.

28/02 ‘Weasel words’: Treasurer fluffs his lines

Anthony Albanese has slammed the door shut on a future change to a tax break on the family home after the Treasurer failed to categorically rule it out despite being asked repeatedly.

26/02 ‘No one there’: PM dunks on Project hosts

After joining thousands of revellers at the Mardi Gras parade in Sydney on Saturday night, Prime Minister Anthony Albanese appeared on Sunday’s edition of The Project, where he faced a grilling from the show’s hosts.