EPISODE · May 23, 2024 · 3 MIN
Fri, 24th May 2024
from Superannuation News Wrap · host Paige Estritori
In this week's episode of the Weekly Superannuation News Wrap, we delve into the ongoing debates surrounding the contested three million dollar superannuation tax cap policy. There is pressure from different political parties to revise the policy, particularly regarding the Green party's objection to tax concessions for property investors within Super Funds. Also, despite a minor setback in April, superannuation funds remain strong with an estimated growth of 8% for the financial year FY24, reflecting the resilience of long-term investment strategies. Lastly, we discuss the challenges faced by Australia's SMEs, who are dealing with increasing superannuation guarantees and limited resources for compliance. The episode, sponsored by Financial Services Online, digs into the crux of these superannuation issues and anticipates the impact they may have on Australia's financial landscape.n
What this episode covers
In this week's episode of the Weekly Superannuation News Wrap, we delve into the ongoing debates surrounding the contested three million dollar superannuation tax cap policy. There is pressure from different political parties to revise the policy, particularly regarding the Green party's objection to tax concessions for property investors within Super Funds. Also, despite a minor setback in April, superannuation funds remain strong with an estimated growth of 8% for the financial year FY24, reflecting the resilience of long-term investment strategies. Lastly, we discuss the challenges faced by Australia's SMEs, who are dealing with increasing superannuation guarantees and limited resources for compliance. The episode, sponsored by Financial Services Online, digs into the crux of these superannuation issues and anticipates the impact they may have on Australia's financial landscape.n
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Fri, 24th May 2024
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