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Retirement News

Aus Gov't Reviewing Rules For Early Release Of Super

by Mary Swire,, Hong Kong

Friday, December 8, 2017

The Australian Treasury is to review the rules governing the early release of superannuation on the grounds of severe financial hardship and compassionate grounds. Read Full Story


ATO Urges SMSF Users To Be Wary Of Tax Schemes

by Mary Swire,, Hong Kong

Wednesday, November 29, 2017

The Australian Taxation Office has launched Project Super Scheme Smart, a new campaign that warns self-managed super fund members to be aware of the dangers of illegal tax schemes. Read Full Story


IRS Reminds Taxpayers Of Savers' Credit

by Mike Godfrey,, Washington

Tuesday, November 21, 2017

The Internal Revenue Service has issued a reminder to low- and moderate-income workers that they can obtain a 50 percent credit for the first USD2,000 contributed to a retirement plan, called the Saver's Credit. Read Full Story


Senate Tax Proposal Seen As Better For Older US Taxpayers

by Mike Godfrey,, Washington

Monday, November 20, 2017

The American Association of Retired Persons has praised the tax bill proposed by the US Senate Committee on Finance, saying it will be better for older Americans than the House version. Read Full Story


ATO Amends Reporting Rules For SMSFs

by Mary Swire,, Hong Kong

Thursday, November 9, 2017

The Australian Taxation Office has released further details of its plans to introduce event-based reporting for self-managed superannuation funds. Read Full Story


UK Taxpayer Group Welcomes National Insurance Decision

by Jason Gorringe,, London

Monday, November 6, 2017

The announcement from the UK Government that it will delay repealing Class 2 national insurance contributions (social security tax) has been welcomed by the Low Incomes Tax Reform Group. Read Full Story


US Firms Hail Proposed US Tax Reform Law

by Glen Shapiro,, New York

Friday, November 3, 2017

The National Association of Manufacturers has said the tax reform legislation newly released by the US Administration will be a "grand slam" for manufacturers and the economy. Read Full Story


Republicans Reveal US Tax Reform Law

by Mike Godfrey,, Washington

Friday, November 3, 2017

On November 2 the US Government released the Tax Cuts and Jobs Act, setting out in legislation its plans for comprehensive reform of the US tax code. Read Full Story


Democrats Announce Tax Reform Demands

by Mike Godfrey,, Washington

Thursday, October 26, 2017

Democrats want a tax code that supports middle-class families, small businesses, and innovators, closes the skills gap, and expands infrastructure investment, according to Senator Richard Neal (D-MA). Read Full Story


Canada Legislates For Tax, Benefit Reforms

by Mike Godfrey,, Washington

Wednesday, October 25, 2017

The Canadian Government is pressing ahead with plans to cut the small business tax rate. Read Full Story



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