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Showing 1 - 10 of 422 results for "Superannuation Guarantee"

Government dawdling on paid parental leave super: Greens

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
... from July 1 this year. Earlier this month, the government announced that the PPL scheme will include superannuation guarantee contributions from next year, but only if it wins the next federal election in 2025. According to Larissa Waters, the leader ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... individuals will have only modest superannuation balances when they are in their 80s and 90s," she said. "The Superannuation Guarantee going to 12% and there being no further widespread early release of superannuation, such as for housing deposits, will ...

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

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... children." "It's about bloody time. "A new generation of women who receive the full benefit of the Superannuation Guarantee payment on their government paid parental leave stand to add thousands to their retirement balances." Industry fund HESTA ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... the Albanese government has announced the Commonwealth Paid Parental Leave (PPL) scheme will include Superannuation Guarantee contributions from next year. In a major win for the super industry and Australian women, 12% superannuation contributions will ...

TelstraSuper sweetens parental leave policy

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... superannuation fund is working to close the gender super gap among its employees, now paying the full-time Superannuation Guarantee to staff who return from parental leave on a part-time basis. As it stands, TelstraSuper offers 16 weeks' paid parental ...

Australian Ethical FUM hits $9.67bn

ANDREW MCKEAN  |  THURSDAY, 18 JAN 2024
... primarily driven by superannuation, reflecting continued customer growth and annuity-like net flows from superannuation guarantee contributions. However, managed funds recorded a modest net outflow of $7 million. "Australian Ethical is delighted to report ...

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
... comfortable retirement income. While younger investors have the benefit of longer working lives and a rising superannuation guarantee, they will need stronger long-term returns," Miles said. There are currently around 61 MySuper products which are intended ...

Qantas Super takes merger plans to new heights

JAMIE WILLIAMSON  |  TUESDAY, 5 DEC 2023
... changes also hurt super funds like Qantas Super," it said. "A great example is a recent change in how superannuation guarantee contributions are treated if new employees don't make an explicit super fund choice. The intent of the change was to reduce ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... through compliance actions in the 2022-23 financial year. During the year, the ATO completed around 14,000 superannuation guarantee (SG) audit cases, coupled with the issuance of 134,000 reminders, which collectively unearthed over $685 million in liabilities ...

Payday super a seismic change for the industry: ART

CHLOE WALKER  |  THURSDAY, 19 OCT 2023
... the scale of potential change that will occur from 1 July 2026, when employers will be mandated to pay Superannuation Guarantee (SG) contributions alongside salary and wages payments. "We're going see about 90,000 employees move from paying us four ...
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