Split ends: superannuation laws mean that sometimes it is more profitable to divorce than stay married

Article Abstract:

The Australian government's May 2001 budget implemented a much higher tax threshold for single people of pension age compared with married people of the same age. This imposes a tax penalty on married couples of pension age. The government has also changed the superannuation regulations to permit divorcing couples to transfer superannuation benefits between the separating parties with no tax risks.

Tax penalties

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Gravy strain: unrealistic superannuation payouts for politicians may be replaced by remuneration packages

Article Abstract:

There is growing pressure in Australia to make significant alterations to the parliamentary superannuation scheme. There may be a shift towards a more flexible approach, with politicians being able to allocate their remuneration among a number of different options.

Compensation and benefits, Politicians

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Double negative

Article Abstract:

The government and the finance industry are taking a disproportionate share of the benefit from the investors. The severity of taxation and surcharge rules are discussed.

Australia, Legal issues & crime, Government regulation (cont), Government expenditures, Forecasts, trends, outlooks, Government regulation, Taxes, Legal/Government Regulation, Laws, regulations and rules, Forecasts and trends, Economic policy, Market trend/market analysis, Financial markets, Taxation

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