Business
Super tax breaks ‘not required’ for wealthy savers – afr.com
Tax breaks for super are being wasted on people with over $5 million in their accounts who are using super as a “tax minimisation” device, the Callaghan report…
The wealthiest superannuation savers with balances over $5 million have tucked away more than $90 billion in their accounts and are receiving more government support than low-income households.
These concessions deemed not required and a tax minimisation strategy by the governments retirement income review.
The review has suggested the government should reform the billions in concessions flowing to the richest savers, finding that the provision of tax concessions for very large superannuation balances…
-
Noosa News15 hours agoProtest calls for shark net removal
-
General14 hours agoThree youths in police custody after fire at Ashley Youth Detention Centre in northern Tasmania
-
Noosa News17 hours agoNew playground equipment encourages children to learn through ‘risky play’
-
General20 hours agoVigils mark Israel attack anniversary, Gaza death toll