@DrCameronMurray Reason I see additional withdrawals - that are normally treated as lump sums: 1. Division 296 planning for those balances above $3m. 2. Used for care purposes such as RAD or ongoing care. 3. General gifting to family. 4. Payment of land tax. 5. Death benefits tax minimisation
@DrCameronMurray Most wealthy super members will have a pension and accumulation balance due to the transfer balance cap changes of 2017. If they draw more than their required annual pension minimum - you treat the excess as lump sum to preserve the pension account whose income is tax free. 1/2
Under the cover of the US and Israel war on Iran, settler violence against Palestinians in the occupied West Bank spirals out of control - 300+ attacks and 10 dead in the first month alone
📱 https://t.co/oejemxtsSB
🎧 https://t.co/ClyEccyEB0
📺 https://t.co/KUq6j663gV
@peter_tulip And even after gifting these families and individuals can afford to keep spending as they wish. Then, recipients use monies to pay down mortgages, or upsize properties. But result is they aren’t really impacted by rising interest rates like those at the end of the scale. 2/2
@peter_tulip Nobody really talks about how the largest intergenerational wealth transfer is impacting inflation, including housing. Monies are being gifted in life by wealthy families and individuals to avoid or mitigate, income tax. CGT and/or death benefits tax. 1/2
End of an era at Liverpool 🔴
Mohamed Salah will leave the club at the end of the season after nine years at Anfield, confirming the news in a video message on social media.
End of an era at Liverpool 🔴
Mohamed Salah will leave the club at the end of the season after nine years at Anfield, confirming the news in a video message on social media.
@FootyonNine Of course it does, it’s not new either. Game has consistently gotten faster with introduction of different rules e.g kick ins and the stand rule (allowing the player to wheel and go). Plus grounds are harder from more warmer weather, with games on earlier. Not rocket science.
It's worth noting, I suppose, that the $10b that Trump has now obligated to the Board of Peace is about the same ($10,659,333,120) as the USAID contracts explicitly cancelled by the Trump administration that started in FY24 and FY25. DOGE undone
https://t.co/xdF1Hd4JqP
We are waiting for someone to report that the $15b "estimate" is simply 0.15 * $100b. But that $100b includes tens of billions of dollars that haven't actually been spent yet, because the big build includes projects like SRL that run until 2035.
No more excuses.