Money

Australia revises superannuation tax plans for fairness

Australia revamps retirement tax with new thresholds and increased support for low-income earners amid political pressure

Published

4 months ago

October 13, 2025

Ahron Young

Australia revamps retirement tax with new thresholds and increased support for low-income earners amid political pressure

In Short:
– Treasurer Jim Chalmers announced a 40% tax on retirement balances over $10 million, aiding low-income earners.
– The reform improves the Low Income Superannuation Tax Offset, helping 1.3 million Australians with higher annual payments.

Australian Treasurer Jim Chalmers announced a significant overhaul of the government’s superannuation tax proposal.The new plan introduces a 40 percent tax rate on retirement balances exceeding $10 million while increasing support for low-income earners.

The announcement comes after months of political and industry pressure and represents a major shift from the original policy.

It addresses prior criticisms related to indexation and taxation of unrealised capital gains.

Under the revised policy, balances between $3 million and $10 million will face a 30 percent concessional tax rate.

Both thresholds will now be indexed to inflation to prevent bracket creep affecting middle-income Australians.

The government has also removed taxes on unrealised capital gains, with changes applying solely to realised earnings from 2026.

“This has been a contentious policy,” Chalmers stated, indicating that it affects less than 0.5 percent of Australians, with about 80,000 anticipated to have over $3 million in superannuation next year.

Key Benefits

The reform package significantly improves the Low Income Superannuation Tax Offset (LISTO).

Annual payments will rise from $500 to $810, with an increased eligibility threshold from $37,000 to $45,000 by 2027.

This adjustment will assist approximately 1.3 million Australians, mainly benefiting women.

Eligible workers could gain around $15,000 in retirement, increasing LISTO eligibility to 3.1 million Australians.

The changes could generate about $1.6 billion in net revenue by 2028-29, a decrease from the original $2.5 billion projection due to enhanced LISTO benefits and extended implementation.

Money

U.S. stocks falling amid AI worries and weak earnings

U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.

Published

20 hours ago

February 13, 2026

Harvey Vargas

U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.

U.S. stocks are tumbling as investors grow concerned over AI profitability and disappointing earnings. Defensive sectors are attracting attention ahead of the upcoming CPI report, while market participants are carefully watching how tech-heavy AI stocks are influencing broader indices. Steve Gopalan from SkandaFX notes that these factors are shaping market sentiment.

For traders, commodities like gold and oil are also playing a role in sentiment, providing hedges amid market uncertainty. The January jobs report and unemployment data are adding further context, with potential implications for Federal Reserve policy.

Market expectations for rate cuts are shifting as investors weigh economic indicators against global market dynamics. Traders are also eyeing currency movements, including the Australian Dollar and Japanese yen, for signs of broader economic trends.

Money

Wall Street tumbles as tech stocks face AI disruption fears

Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.

Published

20 hours ago

February 13, 2026

Harvey Vargas

Wall Street falters as tech stocks dive amid AI anxieties; 2026 seen as critical for proving AI investment returns.

Wall Street took a sharp hit as tech stocks plummeted amid growing investor anxiety over artificial intelligence. Markets reacted strongly to uncertainty about how AI could disrupt major sectors, leaving investors on edge. Kyle Rodda from Capital.com explains why investors are nervous about what’s ahead.

Cisco Systems’ quarterly results added to the market jitters, while defensive sectors gained attention as investors sought safer bets. Analysts describe 2026 as a ‘prove it’ year for AI, with companies needing to demonstrate real returns on their ambitious investments.

The January Consumer Price Index report and rising concerns over AI’s impact on transportation companies further weighed on sentiment. Investors are now closely watching major tech firms for signals on how AI spending will shape future market performance.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#WallStreet #TechStocks #ArtificialIntelligence #StockMarket #Investing #MarketCrash #NASDAQ #FinanceNews

Money

U.S. jobs report, Fed decisions, and Japan’s economic risks explained

January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.

Published

2 days ago

February 12, 2026

Harvey Vargas

January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.

The January US jobs report shows a mixed picture for the economy, with payroll revisions and steady unemployment leaving analysts questioning the impact on Federal Reserve policy. We break down what the numbers mean for interest rates and market confidence.

US stock markets could face turbulence as investors digest the latest jobs data. David Scutt from StoneX explains how these figures may influence equities and what the outlook is for global markets.

Meanwhile, developments in Japan and a strengthening yen could spark new macroeconomic risks. From carry trades to unexpected shocks, we explore how these factors ripple across the global economy.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#USJobsReport #FederalReserve #StockMarket #MacroRisks #JapanEconomy #GlobalMarkets #CurrencyTrading #EconomicUpdate