NSW planning minister shreds fake affordability inquiry macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
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at 1:00 pm on July 15, 2021 | 38 comments
The Australian’sJames Kirby believes that changing attitudes makes now an ideal time to implement an inheritance tax:
New academic work suggests Australians now have
“a surprisingly high level of support for wealth transfer taxation”.
“Most participants simply had no objection to wealth transfer taxation: Their support was based less on reasons why these taxes should exist than a lack of reasons why they shouldn’t’”, says the report.
The report suggests two-thirds of the survey respondents thought Australia should consider reintroducing taxes on estates worth more than $3 million.
Global studies show the biggest generational handover ever seen is coming down the line in the decades ahead.
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at 2:20 pm on June 28, 2021 | 18 comments
Has Labor been living under a rock? Because it seems to be in disbelief that many Australian workers will have their take home pay cut when the superannuation guarantee (SG) is lifted from 9.5% to 10% on 1 July:
“ANZ, Wesfarmers, Macquarie Group, Telstra, Goodman Group and Transurban are among the biggest companies relying on clauses that specify “total remuneration package” or “total package value” or “remuneration inclusive of superannuation” to avoid forking out an extra 0.5 per cent in superannuation to workers on individual agreements”.
“Many will see an immediate reduction to take-home pay to fund the super increase without increasing total remuneration”.
Shock horror! Workers pay for superannuation increase macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
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at 12:20 pm on May 24, 2021 | 16 comments
Tony Kaye, senior personal finance writer with Vanguard, penned an interesting article over the weekend on the massive inter-generational transfer of wealth that will occur as the baby boomer generation dies and passes its wealth to its heirs.
In a nutshell:
The next 20 to 30 years will see the biggest intergenerational wealth handover in history.
At least $3.5 trillion of assets will be inherited in Australia alone, including family homes, investment properties and superannuation money.
Residential real estate and superannuation, which combined make up more than three-quarters of total household assets, are the largest components of most inheritances.