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Now I have attempted a variety of assumptions but I can't get close to $10 billion over the subsequent decade. The truth is, I can barely get to half this figure.

I have concluded that Treasury has possibly just produced it up on the basis of the most favourable set of assumptions - which I cannot replicate - so the government can 'lock' this figure to assist convey the ludicrous concept that the Gonski 'reforms' and NDIS could be afforded.

Let's face it, neither Swan nor Shorten would have a clue. Swan in certain was embarrassingly illiterate about matters superannuation.

And a different issue:

I have had several emails regarding the pretty genuine complication in the government's proposed new superannuation tax policy for retirees, with reference to earnings as opposed to payments.

There is usually a suggestion that this was completed to make sure that the PM had not uttered a lie in early February when she said that there will be no tax on payments produced towards the over-60s..

The complications look horrendous, specifically for SMSFs whose earnings is usually quite volatile and defined benefit schemes knockoff watches . The compliance fees for the latter are OTT.

And did anyone study that state judges and parliamentarians is going to be exempt from the new tax due to the fact that is FAIR fake watches .. not.

Here could be the prediction:

The modifications construct on the superannuation reforms announced in last year's Budget. The Government's Superannuation Concession Reduction for contributions by incredibly higher earnings earners announced within the 2016-13 Budget, collectively with this reform of earnings on assets supporting revenue streams best watches replicas , will strengthen the fairness and long-term sustainability on the superannuation system. These two measures combined will save over $10 billion more than the next decade.

Now I have been having a play using the numbers and I cannot get anyplace near $10 billion over the next decade.

The measure to tax superannuation earnings over $100,000 per annum is stated to yield only an extra $350 million more than four years. Along with the $100,000 are going to be indexed.

So the vast bulk in the ten billion over the next decade must be coming in the 30 per cent contributions tax (in place of 15 per cent which must currently be within the forwards and beyond) for those earning $300,000 per year or additional.

Now you will discover probably only 200,000 people earning $300,000 per year or extra best swiss replica watches . And confident they'll be capable of contribute up to $35,ooo per year, rather than the present $25,000.

But given the above new tax on earnings, it might be that many of those 200,000 will opt for the minimum contribution, that is currently around $17,000 per annum (this may possibly be raised, I guess), because there is not much point now pushing superannuation balances as well higher (it is a double whammy, tax-wise).

And another yet another point:

Did everyone notice that providing tax concessions for deferred lifetime annuities was estimated to expense absolutely nothing. Que?

The entire point looks like a piece of last-minute rushed homework, unfinished in parts, handed in because the deadline was up.

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