Anthony Albanese launches '$10k cash for apprentices' policy at National Press Club — as it happened
2 months ago

Anthony Albanese launches '$10k cash for apprentices' policy at National Press Club — as it happened

ABC  

Before I get to Phil Coorey's question, let me take you on a trip down memory lane. Labor went to the last election with just one tax policy: reforms to close loopholes used by multinational corporations to avoid paying tax. But in government, it pivoted, announcing it would increase the tax rate on superannuation accounts over $3 million. He says this would impact not only people's retirement but "the national economy as well". "If we’re in government, we’ll continue to be supporters of superannuation because of what it does for retirement incomes, but what it also presents as a national asset to present in the national interest," he says.

 election  national  question  policy  retirement  anthony  went  aussies  launches  albanese  superannuation  cash  apprentices  coalition  happened  tax  club  press  know

History of this topic

The outrageous loophole at the heart of Anthony Albanese's superannuation plans - and it will make many Australians VERY angry
4 months ago

The outrageous loophole at the heart of Anthony Albanese's superannuation plans - and it will make many Australians VERY angry

Daily Mail  

Anthony Albanese could be exempt from his own superannuation tax hike when he eventually retires to live at his $4.3million clifftop mansion - and so could a handful of Australia's top politicians. Anthony Albanese 's proposed super changes are so hypocritical they won't affect him personally He could be among the few MPs to escape the proposed tax hike, which …

Anthony Albanese finally breaks his silence on tax plan - and the five words that could come back to haunt him
1 year, 2 months ago

Anthony Albanese finally breaks his silence on tax plan - and the five words that could come back to haunt him

Daily Mail  

Prime Minister Anthony Albanese has given his strongest hint yet he could revamp the scheduled Stage Three tax cuts for the rich, despite a solemn pledge that 'my word is my bond.' Prime Minister Anthony Albanese has promised a 'tax cut for everyone' but in a chat with Kyle and Jackie O, he gave his strongest hint yet he is …

Some of Australia's biggest super account holders support the government's plan to make them pay more tax
2 years ago

Some of Australia's biggest super account holders support the government's plan to make them pay more tax

ABC  

Gary Belgre knows few Australians are as lucky as him to have more than $3 million in superannuation. Labor's retirement tax plan follows a template set by Scott Morrison Photo shows Jim Chalmers stands behind a podium on the left and Anthony Albanese behind one on the right in a courtyard Jim Chalmers isn't the first treasurer to act on …

Labor wants to revamp superannuation, but does it have workers' interests in mind?
2 years, 1 month ago

Labor wants to revamp superannuation, but does it have workers' interests in mind?

ABC  

In every debate about superannuation, there's a reality that is often forgotten. You could lose hundreds of thousands of dollars if you stay in a dud fund Photo shows Retirement nest egg The "name and shame" list of super funds is designed to make Australians more aware. "Right now, we're on track to spend more on super tax concessions than …

Superannuation boost reveals loopholes and power imbalance in wages debate
3 years, 9 months ago

Superannuation boost reveals loopholes and power imbalance in wages debate

ABC  

The debate over superannuation is now officially dead. After almost a year of deliberations and debate, with Prime Minister Scott Morrison angling to cap superannuation contributions at 9.5 per cent, the federal government finally relented in April. When Paul Keating established the compulsory superannuation system in the late 1980s, the idea was that workers would forego future wage hikes in …

Labor wants to scrap a policy which means some who pay no tax get $2.5 million refund
7 years ago

Labor wants to scrap a policy which means some who pay no tax get $2.5 million refund

ABC  

Australia's $5 billion-a-year system of cash refunds for some shareholders would be abolished under Federal Labor's latest tax policy. Key points: A Howard-era policy means some shareholders not paying any tax can convert franking credits into a cash refund from the ATO The parliamentary Budget Office found some self-managed superannuation funds got returns of up to $2.5 million, according to …

Superannuation: What is the Transition to Retirement program? Are changes going to affect you?
8 years, 9 months ago

Superannuation: What is the Transition to Retirement program? Are changes going to affect you?

ABC  

When the Federal Government released its budget, it assured voters that planned changes to superannuation would affect only the top 4 per cent of earners. However, from July next year, under the Government's proposed changes, people using the scheme would have earnings within the super fund taxed at 15 per cent. Executive director of the conservative think tank Institute of …

Labor's super silly Super response
8 years, 10 months ago

Labor's super silly Super response

ABC  

Treasurer Scott Morrison revealed the biggest change in superannuation concessions in years by putting a cap on the tax free rort for those over 60. It is the biggest change in superannuation concessions since then-treasurer Peter Costello showered largesse on the Liberal Party's core high-income, older-aged constituency by making super earnings and payouts tax-free after 60 years of age. Shadow …

Labor proposes superannuation tax hikes for high-income, wealthy Australians
9 years, 11 months ago

Labor proposes superannuation tax hikes for high-income, wealthy Australians

ABC  

The Federal Opposition has declared the nation's superannuation system a "tax haven" for the wealthy and detailed a plan to increase super taxes on high-income earners. The two moves would see retirees lose tax-free status on annual superannuation earnings above $75,000, and more people paying 30 per cent tax on contributions. Shadow Treasurer Chris Bowen says the superannuation tax concession …

Discover Related