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Showing 91 - 100 of 469 results for "Superannuation Guarantee"

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
In a long-awaited move, the government has scrapped the $450 superannuation guarantee threshold, making about 300,000 people eligible for super contributions. The bill to remove the monthly income threshold was passed in Parliament yesterday, alongside ...

Super baby bonus proposed

JAMIE WILLIAMSON  |  TUESDAY, 8 FEB 2022
... payable upon the birth or adoption of a child. The $5000 figure would be equivalent to the amount in superannuation guarantee contributions a person on a $60,000 salary would receive, ASFA said, adding that such a measure could benefit up to 300,000 ...

Hume commits to 12% SG

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... Minister for superannuation Jane Hume has said the federal government remains committed to raising the superannuation guarantee to the legislated 12%. Hume made the commitment while speaking at an Industry Super Australia (ISA) event with shadow minister ...

Supply chain issues push up retiree expenses

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... ensure they can have dignity, health, vitality and connection in retirement. Moving Australia to the 12% Superannuation Guarantee (SG) setting is an important step towards ensuring future generations can be confident to meet the financial challenges ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... years, the unpaid super debt has climbed to $28.8 billion. It's as a result of many employers only paying superannuation guarantee contributions on a quarterly basis, regardless of what it says on an employees' payslip. A key recommendation from ISA ...

One in four Aussies have no super account

ELIZABETH MCARTHUR  |  MONDAY, 13 SEP 2021
... The demographic of Australians without a super account could be attributed to the introduction of the superannuation guarantee in 1992. Many of those without a super account are older and may not have had compulsory super in their working lives. For ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... 5%) for the year ending June 2021. Employer contributions stood at $98.5 billion (up 1.9%). Of this, superannuation guarantee contributions were $74.1 billion (up 4.3%). Member contributions were $28.5 billion (up 17.1%), of which personal contributions ...

Cost of retirement increases

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
... working lives to ensure they can face retirement with financial confidence. Moving Australia to the 12% Superannuation Guarantee (SG) setting is an excellent step towards achieving this goal."

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... actuaries provided feedback for a new policy paper from the Actuaries Institute which is recommending a superannuation guarantee rate of 10-12%, earlier access to retirement savings and disincentives for pension lump sums and bequests. Securing Adequate ...

Super fund member meetings under the spotlight

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... environmental, social and governance considerations; fund performance and fees; the impact of COVID-19; and the superannuation guarantee. As a result, ASIC expects improved practices across all super funds in three main areas. As good practice, they ...