Tag: investment portfolio tracker
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Netwealth and Hub24 Ride SMSF Surge in ASX 200
Investors seeking alternative options in the ASX 200 financials sector are turning their attention to self-managed super funds (SMSFs), which are experiencing significant growth. The total balance of SMSFs recently surpassed $1 trillion, with a notable increase in the number of funds being established, particularly among younger age brackets. The Guru’s Guide to Self-Managed Super…
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Government Proposes Superannuation Reforms for Fairer Retirement System
The proposed superannuation reforms by the federal government aim to create a fairer system for Australians during challenging times. These changes include doubling the tax on super balances exceeding $3 million, from 15% to 30%. For most Australians, retiring with a $3 million super balance is merely a dream, with the majority ending their working…
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Labor’s Super Tax Proposal Sparks Intense Debate and Negotiations
Labor’s proposed super tax, initially announced by Jim Chalmers in February 2023, remains a contentious issue, despite not yet becoming law. The plan aims to increase taxes on individuals with super balances exceeding $3 million. This move is part of Labor’s strategy to address what they view as overly generous tax concessions within the superannuation…
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Treasurer Jim Chalmers Stands Firm on Superannuation Tax Plan
In a bold move, Treasurer Jim Chalmers remains resolute in his superannuation plan despite mounting criticism. The planned tax hike on large superannuation nest eggs has sparked controversy, with Chalmers standing firm against demands to adjust the $3 million threshold for the tax increase. The Coalition argues that the government may need to resort to…