Tax, superannuation & the economy: What does the election result mean?

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What does Josh Frydenberg’s 2019 federal budget mean for you? The Morrison Government has announced sweeping tax cuts on the eve of the May federal election. Source:The Advertiser

We often get situations in which the economy does well, but the people do badly. We see this in Donald Trump, whose.

Superannuation guarantee (SG) – rephased as part of the mining tax repeal. Now, the SG rate will remain at 9.5% until 1 July 2021. Now, the SG rate will remain at 9.5% until 1 July 2021. School kids bonus – was to be abolished as part of the mining tax repeal but is now means tested until 31 December 2016, before being abolished.

A Labor Party plan to impose additional tax on the superannuation of those earning over $200,000 has been backed by independent researchers, who say there is a "strong case" to lower the threshold.

The shocking UK election results, explained.. What the results mean. as a result, tank the UK economy – and likely damage the EU’s as well.

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Many people with money invested in superannuation assume there is some kind of deposit guarantee, such as that offered under the Financial Claim Scheme (FCS). However, the means by which superannuation is invested, may mean that your deposit into super is not covered. Firstly, you need to understand the scope of the FCS.

The Corporate Tax Rate. The house gop plan, furthermore, contained a number of significant base broadeners in order to offset the revenue lost from lower rates. The Trump plan does not have those base broadeners, and as a result its corporate income tax raises substantially less revenue than that of the House GOP plan.

The concept of ‘total superannuation balance’, which commenced from the end of 30 June 2017, is a way to value your total super interests on a given date Your total superannuation balance is relevant for determining your eligibility for: unused concessional contributions cap carry-forward.

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What is ‘Superannuation’. A superannuation is an organizational pension program created by a company for the benefit of its employees. It is also referred to as a company pension plan. Funds deposited in a superannuation account will grow, typically without any tax implications, until retirement or withdrawal.