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Showing 1 - 10 of 100 results for "Salary sacrifice"

Iress error impacts ESSSuper members

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... members for the year ending 30 June 2022. A human error at the administrator level led to the double reporting of salary sacrifice contributions for defined benefit members. "As soon as the issue was identified, Iress assigned the resources required ...

How Australians are losing retirement returns

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
... poor super returns, Banney acknowledged that many people may be tempted to pocket the extra cash rather than salary sacrifice. However, she added: "If you can afford it, sacrificing even just $100 or $200 each month will make a huge difference when it ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
As we celebrate the 30th birthday of the Superannuation Guarantee, the new financial year brings with it plenty of changes to super. Here's what you need to know. From tomorrow, significant changes to superannuation and its surrounding legislation ...

$450 super threshold to be scrapped

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
The government has moved on its election promise to scrap the $450 threshold for superannuation. Minister for superannuation, financial services, the digital economy and women's financial security Jane Hume said a bill introduced to Parliament yesterday ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has introduced more flexibility for older Australians by abolishing the work test, extending access to downsizer contributions and improving the Pension Loan Scheme. From 1 July 2022, those aged between 67-years-old and 74-years-old will ...

Advisers adapt as crisis unfolds

ALLY SELBY  |  MONDAY, 20 APR 2020
... and executive team will take a 20% reduction in pay. The firm's non-executive staff have also been invited to salary sacrifice six weeks leave over the coming six months.

Centrepoint executives depart, pay cuts implemented

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... executive team have volunteered a temporary 20% reduction in pay and non-executive staff have "been invited" to salary sacrifice six weeks' leave over six months. The company said it has also put in place additional support to advisers during this period ...

Salary sacrifice loophole bill insufficient: ISA

KRISTI CHENG  |  MONDAY, 19 AUG 2019
While closing the salary sacrifice loophole is important, the bigger issue that needs to be addressed is that of unpaid super, according to Industry Super Australia. That was the main point in the body's submission to Schedule 7 of the Treasury Laws ...

Wealth projection boosts super fund engagement

KARREN VERGARA  |  MONDAY, 19 AUG 2019
... compared to the group who were only given their balance. The proportion of members with an RIE tended to make salary sacrifice contributions 33% higher, the research found. University of Sydney lecturer and co-researcher George Smyrnis said the analysis ...

Government to close super salary sacrifice loophole

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
... will enforce stronger protections against dodgy employers who short change workers' superannuation savings via salary sacrifice contributions. Assistant Treasurer and Housing Minister Michael Sukkar introduced a raft of tax measures under Treasury Laws ...
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