News

OpenInvest offers Islamic investing solution

March 1, 2023

A simple and more affordable investment avenue for Islamic Australians has been made available through OpenInvest’s latest partnership agreement.

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Superannuation

Higher tax rates for super

February 28, 2023

Jason Spits

The government will introduce a 30 per cent concessional tax on superannuation balances above $3 million from the 2026 financial year.

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Superannuation, Tax

Super tax changes shift goalposts

February 28, 2023

Jason Spits

A government plan to introduce a higher tax rate for superannuation balances over $3 million adds to uncertainty around investing for retirement.

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financial advice

AFA/FPA merger to proceed

February 28, 2023

Darin Tyson-Chan

The merger between the FPA and AFA will go ahead after the required number of members from both industry bodies voted in favour of the move.

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SMSFA

New CEO prioritises association members

February 28, 2023

Darin Tyson-Chan

Supporting SMSF Association members will be the number one priority of the industry body’s incoming chief executive, Peter Burgess.

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financial advice

QAR not done to keep people happy

February 28, 2023

Darin Tyson-Chan

The Quality of Advice Review was about delivering more affordable advice and improving the ease by which consumers can get access to it.

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Contributions

Work test excludes some workers

February 27, 2023

Jason Spits

Changes to the work test currently prohibit politicians and company directors from making personal deductible contributions as the new rules do not consider them to be eligible employees.

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Insurance

Insurance cover can be zero if unemployed

February 27, 2023

Jason Spits

A gap in employment can reduce an income protection payment to zero if the policy is held within an SMSF at time of claim, an insurance expert has warned.

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Superannuation