Lack of proper financial advice is costing hundreds of thousands of retirees in unnecessary taxes, the Super Members Council has said.
The ATO needs to provide clarification on a number of issues in the law companion ruling dealing with NALI/E, the joint bodies have said.
GDP growth is set to gain momentum despite sticky inflation and high interest rates.
The stringent rules applied to the definition of interdependency have again been highlighted in a recent private binding ruling.
A senior financial services industry executive has labelled the Division 296 tax as political deception, seeing there has been no honest indication of who the impost will really affect.
The start of 2025 is a good opportunity to take decisive financial steps.
