The Australian’s Money Cafe: Everything you need to know on superannuation tax changes
Is it a new tax for 86,000 people – or something that will affect many more investors?
Business
Don't miss out on the headlines from Business. Followed categories will be added to My News.
What just happened in super? Is this about the 86,000 super investors above $3m? Or is it the start of a new regime which will change how superannuation works for a whole generation?
The government is holding the line on a package of highly contentious changes in super.
Advisers are jumping up and down in outrage. And investors are bewildered.
This week we take a pragmatic view of the super changes as they may affect every investor.
In this week’s episode Wealth editor James Kirby is joined by Tim Mackay of Quantum Financial and they cover:
• The planned changes in how super gets taxed
• The legislated changes for franked dividends
• How indexing can make an enormous difference?
• Should big bank economists pay for their mistakes?
Questions always welcome to moneycafe@theaustralian.com.au
Originally published as The Australian’s Money Cafe: Everything you need to know on superannuation tax changes
Popular newsreader gets a lifeline from Ten
Sharyn Ghidella reveals the highs and lows of the past four months, following her sacking by Seven’s news boss while she was at a hairdressing appointment for a TV promo shoot.
Press council rejects cartoon complaint
The Australian Press Council has rejected a complaint made against a controversial cartoon on the Israel-Gaza conflict published in Nine Entertainment’s major mastheads.
Commission crunch as banks battle mortgage brokers
The profitability of mortgages for the major banks is severely challenged, giving rise to a fierce new battleground. Are broker commissions in the firing line?
ART turns cautious on private credit
The super fund has cooled on private credit as demand for the asset class soars, warning of lower lending standards and reduced returns as investors rush in.
NAB eyes scaled advice in private wealth arm
National Australia Bank is considering a scaled advice offering in its private wealth arm, as it chases a growth pipeline boosted by its move to link up its private and business bankers.
Tepid start to the week for local bourse
Mining and energy stocks will weigh on the local sharemarket on Monday, even after US markets hit fresh highs.