Home >  Blog >  Pension earnings tax scrapped

Pension earnings tax scrapped

Posted on 7 November 2013

We are pleased at the government's decision to scrap the planned 15% tax on superannuation pension earnings above $100,000, agreeing with Joe Hockey that it was "undeliverable''.

Our view remains the proposed tax would have affected more clients than anticipated during years when returns were strong, and imposed a significant administration and reporting burden, the cost of which would of been passed onto retirees.

There was further good news when Joe Hockey confirmed the Coalition Government’s decision to abandon the proposed $2000 cap on self-education expenses. Another area of uncertainty for our clients over recent months.

Tags: News Tax

Post comment

Latest News

View all news

ATO Data Matching Changes - What You Need To Know

Posted by Mary Young on 17 April 2019
For a long time, the ATO has been using data-matching practices to ensure individual...

In or out? Insurance within super isn't all it's cracked up to be.

Posted by Sean O'Kane & Neal Durling on 27 March 2019
The fields of insurance and superannuation are complex and filled with both options,...

When self-help is not a one-person job

Posted by Sean O'Kane & Neal Durling on 22 February 2019
There are times in life when you're better off not putting your head above the p...
< Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Next >


For Events and News