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Showing 1 - 10 of 179 results for "Super Guarantee"

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... threshold, currently $45,000 per annum," Blakey said. "And secondly, aligning the amount of the offset to the Super Guarantee, would help make a difference for the retirement savings of women and low-income earners across Australia." The Super Members ...

SMC finds $38k nest egg boost for working mums

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... low-income superannuation tax offset (LISTO) so that workers earning up to $45,000 receive a full tax refund on their super guarantee (SG) contributions can boost the super of more than 1.2 million Australians, of which 60% are women. "Since tax concessions ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... million in unpaid superannuation entitlements to funds and individuals, while also raising over $1.3 billion in super guarantee charge liabilities through compliance actions in the 2022-23 financial year. During the year, the ATO completed around 14,000 ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... the cost of poultry, dairy, vegetables and potatoes up significantly." ASFA said the scheduled increase in the Super Guarantee (SG) to 12% in 2025 to be "critical to help future generations of Australian retirees to achieve a dignified lifestyle in their ...

Aussies happy with compulsory super: Data

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
... superannuation system." The survey follows ISA analysis that suggested the average gig worker, who is not entitled to Super Guarantee contributions, could have up to $29,000 more at retirement. ASFA said 98% of respondents also felt the current compulsory ...

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
... into their CareSuper account as a super contribution, up from 10%, to align with future increases to mandatory Super Guarantee contributions. CareSuper is also making other changes to its insurance offerings, such as using age-based rates rather than ...

Australia survives global pension rout

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
... drop in global pension assets since the GFC, Australian super funds held steady with lower bond allocations and Super Guarantee flows. Global pension assets had their largest annual decline since the GFC, dropping 16.7% to $47.9 trillion, due to market ...

Government introduces gender pay gap bill

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
... be done." Stewart told Financial Standard, to improve financial outcomes for women, the government can pay the super guarantee on paid parental leave and increase the low income super tax offset (LISTO). "Paying the super guarantee on paid parental leave ...

Stop penalising women: HESTA

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
... (LISTO) eligibility no longer supports lower income earners, who are most likely women, following 2017 increases in super guarantee and changes to the income tax brackets. "A worker must earn less than the full-time minimum wage to be eligible for this ...

ISA renews calls for super to be paid with wages

CHLOE WALKER  |  MONDAY, 30 JAN 2023
... increase the Low-Income Superannuation Tax Offset to account for changes to tax brackets and increases in the super guarantee, it suggested. "Super has been a boon for millions already but it's not perfect and there are long-standing issues that the ...
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