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Showing 41 - 50 of 130 results for "Early access"

ATO streamlines tax return process

ELIZA BAVIN  |  FRIDAY, 12 JUN 2020
... those who withdrew funds from their superannuation will not be required to pay tax on the amount. "If you received early access to your super this year under the special arrangements due to COVID-19, any amounts you've withdrawn from super under this ...

Labor calls for end to war on super

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... independence," Jones points out. Jones says the system's ability to help Australians weather the storm through early access to their retirement funds is a result of its design shining through. "For the last 30 years it [universal superannuation] ...

Life insurance activity rises: MetLife

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... to look to their financial providers to guide them, particularly on topics like super investment performance and early access to their super balance," he said. Since the outbreak of COVID-19, MetLife said it has experienced a marked increase in enquiries ...

Advice job market not all doom and gloom

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... recruitment consultant Simon Gvalda said. "Consumers are seeking financial guidance around changes to job circumstances, early access of superannuation, falling investments, investment property issues including increased tenant vacancies and softening ...

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
... superannuation funds are at risk of facing liquidity issues as a result of the government's decision to allow Australians early access to their superannuation. Appearing alongside ASIC before the Senate Select Committee on COVID-19 on Thursday, APRA ...

Complaints abound during COVID-19: AFCA

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... relating to scams, and a rise in business interruption insurance complaints, and additional complaints relating to early access to superannuation from June to September. During the forum Untersteiner also discussed AFCA's view of the challenges facing ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... average processing time being 3.1 days following approval by the ATO. Over one million Australians have requested early access, of which 830,000 were paid. The regulator said 82% of the funds to make payments have fulfilled more than 90% of them within ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... "When we see that, we don't accept that it's a loan and we will consider it illegal early release." If a member has early access to their super, they will need to declare that as taxable income on their tax return, which Keating said most never do. "When ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... membership base employed right across the economy, we anticipated there would be many who would take advantage of the early access provisions," Sunsuper executive general manager, customer engagement Stevhan Davidson said. Sunsuper chief investment officer ...

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... Early Release of Super scheme. The Australian Taxation Office said measures designed to protect the integrity of the early access to super scheme have detected a small number of fraudulent activities associated with the program. "ATO systems were not ...