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Showing 11 - 20 of 126 results for "average Australian"

Super Fierce targets gender wealth gap

JAMIE WILLIAMSON  |  TUESDAY, 8 MAR 2022
... with the express aim of ensuring women retire with more, saying analysis of Grattan Institute data found the average Australian woman stands to save $102,000 in fees by switching to a lower cost super fund. The platform collates their super information ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... as the cheapest not-for-profit funds. Four of the 10 cheapest MySuper products are retail," Dunnin said. The average Australian now pays about $2200 in super fees per annum, which is a slight increase in dollar terms. However, the average account balance ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... years old. It also wants indigenous Australians, who have four to five years of lower life expectancy than the average Australian, to be able to access "at least a portion" of their super balance before they turn 60. On retirement incomes, it wants financial ...

Ethical super could halve carbon footprint

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
... the fact that some Australians may not feel that their superannuation can amount to any change but showed the average Australian balance ranges between $24,000 (25 years old) and $523,000 (65 years old). "It can sometimes feel like the fate of our planet ...

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... comfortable standard of retirement. As of July 1, the SG rate will rise from 9.5% to 10% and ASFA showed the average Australian 30-year-old worker will have $19,000 more in their super at retirement as a result. The superannuation guarantee is legislated ...

Employers should pay SG rise: ASFA

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... the Australian economic recovery is fuelling business profits that its staff have been missing out on. "The average Australian worker has not shared in ballooning business profits over the last twenty years," ASFA chief executive Martin Fahy said. "The ...

Possible delay for SG rise: Hume

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
... essential for us but 9.5% is adequate for the person cleaning our office'?" Jones asked. Jones explained that the average Australian woman retires with $118,000 while the average Australian man retires with closer to $188,000. "I'll accrue more in four ...

Limited advice overdue for disruption

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... to them," Forman said. "For a fund like ours, we are passionate about finding ways to meet the needs of the average Australian." Less than 10% of members engage with their superannuation account - if at all, according to InPayTech chief innovation officer ...

ISA calls SG increase delay a tax grab

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 JAN 2021
... is a "tax grab" by the government. According to ISA, making the increase to 12% optional will result in the average Australian family paying $20,000 more in tax and losing up to $200,000 in super. "Removing the guarantee in the super guarantee to make ...

Clive Palmer ramps up calls for Shipton's head

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... on Shipton and has called for an inquiry into ASIC itself. "James Shipton is being paid almost 20 times the average Australian wage to do nothing. The CEO of Australia Post was sacked over six Cartier watches, how many watches would it take for Shipton ...