2024-25 Pre-Budget submission
On 25 January 2024, the Institute of Financial Professionals Australia submitted its 2024-25 Pre-Budget submission on tax, superannuation and financial services matters. In brief, we are calling on the Federal Government to review the tax and superannuation system. We believe…
On 25 January 2024, the Institute of Financial Professionals Australia submitted its 2024-25 Pre-Budget submission on tax, superannuation and financial services matters. In brief, we are calling on the Federal Government to review the tax and superannuation system. We believe the tax system is no longer fit for purpose and also believe there are a number of areas of the superannuation system that should also be reviewed given some measures have not been reviewed since inception and therefore no longer meet the needs of modern society. Our Pre-Budget submission sets out 10 tax related recommendations along with 16 superannuation and financial services proposals that could lead to a simpler, fairer and more equitable system for all Australians.
Further details regarding our recommendations can be found in our submission and media release.
