Tag: wealth management software
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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…
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Labor’s Superannuation Tax Plan Sparks Economic Concerns
Labor’s proposed superannuation tax plan, targeting accounts with balances exceeding $3 million, is causing a stir among economists and experts. While initially perceived as a measure aimed at the wealthy, the plan’s implications could extend far beyond that demographic. The extra 15 per cent tax rate on superannuation earnings, slated to take effect from 1…