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How Australia's New Super Tax Will Hit Retirement Savings
How Australia's New Super Tax Will Hit Retirement Savings

Bloomberg

timea day ago

  • Business
  • Bloomberg

How Australia's New Super Tax Will Hit Retirement Savings

Good morning, it's Amy in Melbourne with the news you need heading into the weekend. Officials say that one person miraculously survived yesterday's Air India plane crash that killed 241, but first... Today's must-reads: • Super tax explained • Melbourne billionaires • Aukus in trouble? What does the proposed new tax on A$3 million super balances mean for retirement savers? I teamed up with my colleague Richard Henderson to see how wealth managers are planning for the rule change. Also, take a listen to our latest podcast, where host Chris Bourke asks Rich to unpack how the new tax works, and who will be affected. Listen and follow The Bloomberg Australia Podcast on Apple, Spotify, on YouTube, or wherever you get your podcasts. Terminal clients: Run {NSUB AUPOD } on your desktop to subscribe.

What Australia's $2 Million Pensions Tax Means for Wealthy Savers
What Australia's $2 Million Pensions Tax Means for Wealthy Savers

Bloomberg

time2 days ago

  • Business
  • Bloomberg

What Australia's $2 Million Pensions Tax Means for Wealthy Savers

Many Australians are already subject to a 15% tax on their superannuation profits, but the wealthiest are facing another levy on top of that. This week on the podcast, Chris Bourke asks cross-asset reporter Richard Henderson to explain how the tax will work, who will be affected, and if Australia's super system is becoming a wealth accumulation vehicle for the rich. Read more on Australia's pension industry: Wall Street Wins More of Australia's $2.7 Trillion Pension Pot Listen and follow The Bloomberg Australia Podcast on Apple, Spotify, on YouTube, or wherever you get your podcasts. Terminal clients: Run {NSUB AUPOD } on your desktop to subscribe.

Urgent search for missing man with links to Glasgow and Dumfries and Galloway
Urgent search for missing man with links to Glasgow and Dumfries and Galloway

Daily Record

time05-05-2025

  • Daily Record

Urgent search for missing man with links to Glasgow and Dumfries and Galloway

Concerns are growing for the welfare of Richard Henderson, who was last seen on Saturday night. An urgent search is under way for a man who was last spotted in Glasgow nearly two days ago. Police say concerns are growing for the welfare of Richard Henderson, who also has links to Dumfries and Galloway. ‌ The 47-year-old was last seen in Glasgow's Castle Street area at around 7.40pm on Saturday night. ‌ It is thought he may have travelled by bus towards the city centre. Richard is white, around 5ft 7inches tall, has average build and brown hair. He was last seen wearing a distinctive black and red zi-up top, beige trousers, black trainers and a light beige summer hat. He was also carrying two holdalls – one back and the other blue or grey. Sergeant Scott Gallacher, of Baird Street Police Office, said: 'Extensive enquiries are ongoing to trace Richard and we are becoming concerned for his welfare. 'He has links to the Dumfries and Galloway area as well as Glasgow city centre. ‌ 'We are asking anyone who has seen him or knowns where he might be to get in touch. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. 'We are also appealing directly to Richard – if you see this appeal, please let us know you are safe and well.' Anyone who has any information can contact police on 101, quoting incident 3412 of Saturday, May 3.

Police: Kingston man flees during arrest in Scranton
Police: Kingston man flees during arrest in Scranton

Yahoo

time02-05-2025

  • Yahoo

Police: Kingston man flees during arrest in Scranton

SCRANTON — A Kingston man fled from police as he was being arrested for public drunkenness, according to a criminal complaint. Richard Henderson, 37, of 112 John St., is charged with escape and resisting arrest. According to the criminal complaint: At about 7 p.m. on April 29, officers spotted Henderson staggering north in the 200 block of North Main Avenue. He seemed to be continuously fidgeting with his hands. Police then observed Henderson crossing West Lackawanna Avenue against a pedestrian signal which read 'Do Not Walk.' Officers approached Henderson in the 500 block of North Main Avenue, noting that he had 'pinned' pupils, a common side effect of using narcotics. Henderson also had white foam building up around his mouth that he continually wiped. He was making unpredictable movements, appearing unable to remain still. He continually reached into and toward his pockets, despite being asked by officers not to do so. Henderson told officers he had taken half of a Percocet tablet earlier in the day and admitted he didn't have a prescription for the drug. As officers attempted to take him into custody, Henderson fled on foot, running south on North Main Avenue. Officer Jack Carroll was able to catch up to Henderson and grab his arm. Officer Kevin Sweeney was then able to to take Henderson to the ground. As police were placing him in handcuffs, Henderson continued to resist. Eventually, officers were able to detain Henderson. Officers searched Henderson and found a glass pipe containing meth in his bag and a small glass container with a small amount of the drug in his pocket. Henderson admitted to officers he had smoked crystal methamphetamine earlier in the day. He remains at the Lackawanna County Prison in lieu of $2,500 bail. A preliminary hearing is scheduled for 10:45 a.m. on May 13 before District Judge Kipp Adcock.

Police: Scranton man flees during arrest
Police: Scranton man flees during arrest

Yahoo

time01-05-2025

  • Yahoo

Police: Scranton man flees during arrest

SCRANTON — A Kingston man fled from police as he was being arrested for public drunkenness, according to a criminal complaint. Richard Henderson, 37, of 112 John St., is charged with escape and resisting arrest. According to the criminal complaint: At about 7 p.m. on April 29, officers spotted Henderson staggering north in the 200 block of North Main Avenue. He seemed to be continuously fidgeting with his hands. Police then observed Henderson crossing West Lackawanna Avenue against a pedestrian controlled signal which read 'Do Not Walk.' Officers approached Henderson in the 500 block of North Main Avenue, noting that he had 'pinned' pupils, a common side effect of using narcotics. Henderson also had white foam building up around his mouth that he continually wiped. He was making unpredictable movements, appearing unable to remain still. He continually reached into and towards his pockets, despite being asked not to do so several times by officers. Henderson told officers he had taken half of a Percocet tablet earlier in the day and admitted he didn't have a prescription for the drug. As officers attempted to take him into custody, Henderson fled on foot, running south on North Main Avenue. Officer Jack Carroll was able to catch up to Henderson and grab his arm. Officer Kevin Sweeney was then able to to take Henderson to the ground. As police were placing him in handcuffs, Henderson continued to resist. Eventually, officers were able to detain Henderson in handcuffs. Officers searched Henderson and found a glass pipe containing meth in his bag and a glass containing a small amount of the drug in his pocket. Henderson admitted to officers he had smoked crystal methamphetamine earlier in the day. He remains at the Lackawanna County Prison in lieu of $2,500 bail. A preliminary hearing is scheduled for 10:45 a.m. on May 13 before District Judge Kipp Adcock.

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