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Showing 71 - 80 of 427 results for "Superannuation Guarantee"

Turnbull calls out Wilson, Bragg

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... good measure." Turnbull added that he hopes "calmer heads will prevail" on the issue on increasing the superannuation guarantee and the legislated rise to 12% will go ahead.

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... operating costs. "Worst of all, it would do these two things whilst continuing to collect compulsory superannuation guarantee contributions. It seems this new entity is now in operation solely for the benefit of related parties," Bragg wrote.

Possible delay for SG rise: Hume

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
The government has hinted heavily that the legislated increase to the superannuation guarantee will be delayed as Australians need more capital throughout their working life. Speaking at the Council on the Ageing (COTA) Australia's National Policy ...

SG rise a bad idea: Chartered Accountants

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
According to Chartered Accountants Australia and New Zealand, the superannuation guarantee should not rise from 9.5% to 12%. "Since the last election, there has been a global pandemic, the first Australian recession in 29 years, our highest unemployment ...

Age pension spending to rise: ISA

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Industry Super Australia (ISA) said ditching the 12% superannuation guarantee could add over $33 billion to Age Pension spending. ISA said modelling from Rice Warner suggested the Age Pension would have to make up for the superannuation guarantee not ...

Workers being offered nothing: Keating

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 FEB 2021
... workers. Discussing the suggestion that the current government may forgo the legislated increase in the superannuation guarantee to 12%, Keating said workers are being offered nothing in return for accepting less in retirement savings. "I don't see ...

ASFA calls for super fairness

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... superannuation contributions. The industry body recommended a "dependant contractor" category for the Superannuation Guarantee to ensure fairness in retirement for those who are self-employed or in the gig economy. Further to this, ASFA proposed that ...

NSW pocketed $10bn from ERS

KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
... suburbs like Arncliffe, Bexley and Kogarah, pocketed $292.1 million. ISA's modelling showed that if the superannuation guarantee increase were scrapped, an average 30-year-old man who took $20,000 from their super would either lose $180,000 from their ...

Retirement costs keep rising: ASFA

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... the financial position of many Australian retirees," Fahy added. ASFA said the results display why the superannuation guarantee (SG) should be increased from 9.5% to 12% as legislated. This comes in the wake of the government releasing the Retirement ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... will retire with 12% to 18% thinner final balances if the government sticks with its plan to increase superannuation guarantee from current 9.5% to the planned 12%, the report says. Its modelling found lower-income earners would be harder hit, with their ...