The government intends to stick with its proposed calculation for earnings under the $3 million threshold, despite the backlash from industry. Last week, the government revealed the details for how th
The government’s fact sheet on the $3 million threshold is silent on how the measure will apply in a range of areas including reversionary pensions and insurance proceeds. While the government last
“Simplest and best way” to apply the 30 per cent rate on earnings from balances over $3 million, he said. The Treasurer has defended a decision to include unrealised gains in the calculation for
With unrealised capital gains included in the earnings calculation for the proposed $3m threshold, this may lead to cash flow issues for members, warns a technical expert. In a fact sheet released