Why your kids will pay Chalmers’ 30pc tax on super

Why your kids will pay Chalmers’ 30pc tax on super

While the plan to increase taxes on high super balances was touted as hitting only 0.5 per cent of savers, in 40 years’ time the average worker will be in the crosshairs.

House of Lords clash over IHT changes and rural business impact | Today's Wills and Probate

The Government’s changes to inheritance tax rules came under intense scrutiny in the House of Lords on Thursday, as peers raised deep concerns about the impact on rural businesses, farming investment, and mental health in the countryside. Baroness Rock opened the debate by asking His Majesty’s Government what assessment it had made of the impact of the new inheritance tax reforms on rural businesses and overall economic growth. Drawing on her wo…

Super tax is back, but don't panic yet: PM urged to rethink cost to farms

The government is set to rush its bold superannuation tax plans through parliament, sparking concerns about potential asset sell-offs and the cost to family farms.