This Month
Six tax changes Labor can (and should) implement
Anthony Albanese’s plan to host a productivity roundtable is an opportunity to put overdue tax reform on the government’s agenda.
Don’t let rich old men tell you the planned super tax is good
Once the government opens the door to taxing unrealised gains, there’s little stopping it from extending this logic to other areas.
Three reasons why you should ‘chill out’ over Labor’s super tax
The super tax on unrealised gains is part of the long-overdue and necessary process of tax reform that many have been urging over decades.
‘Nonsense’: Super calls out Chalmers on tax claims
Suggestions that no alternatives were put forward to calculate the new tax on super balances above $3 million have been slammed.
Worried about Labor’s $3m super tax? The case for discretionary trusts
Super funds and discretionary trusts, when used correctly, remain powerful tools for long-term wealth creation and intergenerational planning.
May
ATO puts wealthy families on notice over $3m super tax
The new tax is not yet law but the ATO wants to understand the “behavioural responses” to the planned tax that might already be occurring.
Fake asset valuations set to surge under $3m super tax regime
Auditors say SMSFs are likely to manipulate asset values in an attempt to avoid or limit the impact of Labor’s super tax.
Labor’s super tax is reasonable if done properly. Here’s why
The proposed tax changes could make Australia’s superannuation system fairer – if unintended consequences are avoided.
‘A tax on a tax refund’: Franking credits to be hit by Labor’s $3m super grab
Labor’s proposed legislation in effect will be a levy on a tax refund that investors receive for corporate tax paid by companies they invest in.
Super tax change is ‘hard reform’: Treasury boss
Tax experts challenged Steven Kennedy’s contention that the increased tax on superannuation was a serious reform, likening it to a hasty revenue grab.
Why Chalmers’ super tax isn’t real reform
Labor’s proposal to increase tax on super balances over $3 million will treat symptoms instead of the disease. Here are 6 proposals for an optimal tax agenda.
Let’s just relax and pass the fair and affordable super tax
Even if you have to pay the tax, your comfortable retirement is safe, and you are still getting the benefit of tax concessions.
Chalmers accused of ‘double standard’ on PM’s $300k pension
Liberal MPs and others are criticising special rules that allow some politicians and public officials to delay paying the new superannuation tax until retirement.
Politicians to pay super tax later than others
Anthony Albanese and other public officials with defined benefit pensions can defer payments of the higher levy on retirement savings until they retire.
‘Too complex already’: Pushback grows against Labor’s $3m super tax
Deanne Stewart, CEO of the country’s third-largest super fund, says she would like the $3 million threshold for the new tax to be indexed and urged the government to stop making the system more complex.
Tim Wilson and Geoff Wilson together again, at last
There’s the opportunity for a campaign manager to join them in their fight against Labor’s tax changes for $3 million super fund accounts.
GST carve-up rewards Victoria’s economic failure
States that are prepared to grow the national pie should not be punished with an ever-dwindling slice.
Labor’s super tax will make Australia uninvestable
The net result is that superannuation funds, especially SMSFs, will not invest in startups, a sector vital to Australia’s productivity and growth.
Superannuation tax hike on me is ‘fair’: industry super godfather
One of the founders of industry super, Garry Weaven, has backed the plan to impose extra tax on $3 million-plus super balances, even though he’ll be affected.
Australia’s best super fund for 2025 is … Cbus?
Wayne Swan’s fund is up for a bunch of industry awards on Wednesday night. And no, none of them are for the most scandals.
Why auditors fear Labor’s $3m super tax
SMSFs affected by the proposed $3 million super tax will pay more for valuations, audits and accounting services, and are more likely to end up in legal disputes.
Tax breaks for business investment on agenda: Wood
The Productivity Commission will look for tax reforms that will stimulate investment without draining the budget.
Wealthy savers face double tax hit under Chalmers’ super grab
Self-managed super funds face double taxation of capital gains under Treasurer Jim Chalmers’ planned extra tax on balances above $3 million.
SMSFs ‘panic’ sell assets to avoid Labor’s $3m super tax
Wealthy retirees have begun selling assets and restructuring their investment portfolios to avoid Labor’s planned extra tax on large super balances, financial advisers say.
If you think Labor’s $3m super tax won’t hit you, think again
The self-managed superannuants of this country face a choice: finance the fund to support this campaign, or pay the tax today and as it expands tomorrow.