Tag: investment strategy planner
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Jim Chalmers’ Super Tax Plan Sparks Controversy and Debate
Jim Chalmers’ proposed super tax plan is stirring controversy as it targets superannuation funds with over $3 million, potentially impacting hundreds of thousands of individuals. The plan, set to double the concessional tax rate on earnings in such accounts, has raised concerns among investors and experts alike. Self Managed Superannuation Funds: A Survival Guide |…
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Division 296 Tax Plan Sparks Wealthy Exodus Concerns in Australia
Australia’s Division 296 Tax Plan is causing a stir in the financial landscape, particularly for those with high-balance superannuation accounts. The plan, set to be implemented on July 1, 2025, introduces a 15% charge on superannuation earnings exceeding A$3 million, effectively creating a 30% tax rate above the threshold. What’s grabbing headlines is the inclusion…