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Showing 11 - 20 of 422 results for "Superannuation Guarantee"

Consultation paper released on aligning super payments with wages

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
... the 2023-24 Budget, the government announced that from 1 July 2026, employers will be mandated to pay Superannuation Guarantee (SG) contributions alongside salary and wages payments. The consultation paper said that aligning superannuation payments with ...

Rest closes investment options, shifts allocations

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
... 260,000 of its members will benefit from the recent removal of the $450 monthly income threshold for Superannuation Guarantee (SG) contributions, effective July 2022. Most of the members benefiting from the policy change are existing members who've now ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... providing care at 35 years of age and continue for the subsequent 15 years, the report found that including Superannuation Guarantee (SG) contributions in the Carer Payment would increase their superannuation balance at retirement by $123,000. KPMG economic ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... a few things business owners should be thinking about. "The first is going to be the increase to the superannuation guarantee (SG)," he said. "This is not getting as much mention it as used to, but the rate of SG is continuing to increase up to 12% in ...

Greg Combet steps down as IFM Investors, ISA chair

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
... several successful advocacy measures implemented, including protection of the legislated increase to the superannuation guarantee and the announcement of payday super. ISA chief executive Bernie Dean commented: "It's hard to overstate the impact ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
HESTA is the latest industry fund calling for an extension of compulsory Superannuation Guarantee (SG) benefits to workers in the gig economy, amid concerns these workers will be "vulnerable to poverty" later in life. HESTA chief executive Debby Blakey ...

Martin Fahy to step down as ASFA chief

CASSANDRA BALDINI  |  FRIDAY, 26 MAY 2023
... introduction of the Your Future, Your Super (YFYS) performance measures, and the legislated move to 12% Superannuation Guarantee," it outlined. Commenting on his departure Fahy said Australia's superannuation retirement system is the envy of its OECD ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
... trillion, increasing steadily at 1.1% year on year. Contribution flows, APRA said, were in part driven by the Superannuation Guarantee (SG) increase to 10.5% from 1 July 2022 and strong employment. Industry funds ($1.2tn) grew 6% over the period. Retail ...

'Kick down the road' mentality fuels retirement insecurity: Study

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
Despite over 30 years of compulsory Superannuation Guarantee, two-thirds of Australians fear they won't have enough money to last through retirement. A study commissioned by Findex and conducted by YouGov, investigating Australians' readiness for retirement ...

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... government is clamping down on unpaid super, requiring employers to align the payment frequency of the Superannuation Guarantee (SG) with wages. Federal budget documents revealed that the government will proceed with its earlier decision to align the ...