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Showing 121 - 130 of 423 results for "Superannuation Guarantee"

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... still allowed to force employees into a particular super fund, and prevent employees from having their Superannuation Guarantee payments made into a fund of their choosing," Loane said. "The prevention of choice under the current arrangements forces ...

Opt-out super to hit workers: ISA

HARRISON WORLEY  |  TUESDAY, 21 JAN 2020
... grab. According to ISA's latest analysis, low-income workers in New South Wales who chose to take their superannuation guarantee entitlement as wages instead of super would be whacked with an extra $1.3 billion in tax each year. With wages taxed at a ...

ISA slams ANU research as SG debate rears its head again

HARRISON WORLEY  |  MONDAY, 20 JAN 2020
... has forcefully rebuked new research from the Australian National University which questions raising the superannuation guarantee to 12% as scheduled. Industry Super Australia has launched a scathing attack on research undertaken by the ANU - and included ...

Pay jockeys super: Federal Court

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... Ford said the win is an example of the ATO's ongoing focus on reducing the incidence of non-payment of superannuation guarantee, especially by larger businesses. "Super is money set aside for employees' future retirement and financial wellbeing," Ford ...

FSC hails super choice amendments

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... accounts. This erodes their capacity to maximise their super savings." The bill reintroduces changes to the Superannuation Guarantee (Administration) Act 1992 which were originally sought in 2017 through the Treasury Laws Amendments (Improving Accountability ...

Super funds set to dominate ASX: Deloitte

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
... retirement saving system grow to around $10.2 trillion in value by 2038, with the legislated increase in the superannuation guarantee set to play a major part. According to Deloitte, the 275% growth in Australia's super savings will see the sector's ...

Flaws in Grattan SG research: Report

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
Research published this morning by Jim Stanford from the Australia Institute says increasing the superannuation guarantee to 12% will not stifle future wage growth, and calls out assumptions used in Grattan's research on the subject. Stanford reviewed ...

Industry fund changes insurer

KANIKA SOOD  |  FRIDAY, 8 NOV 2019
... covered for 85% of their pre-disability income. The fund has set the default premium at 1.76% of the superannuation guarantee contribution. In a new addition, NESS has extended income protection insurance to self-employed electricians. The premium is ...

Actuaries develop retiree rule of thumb

HARRISON WORLEY  |  THURSDAY, 7 NOV 2019
... retirement." In the face of these difficulties, Fahy said it was imperative for Australia to increase the superannuation guarantee to 12%. "Moving to 12% for the Superannuation Guarantee is a necessity for those not yet retired given that many Australians ...

Australia climbs up Mercer global pension index

HARRISON WORLEY  |  MONDAY, 21 OCT 2019
... need to be addressed, including introducing some income requirements at retirement and increasing the Superannuation Guarantee from 9.5% to 12% as currently legislated. The report's author, Mercer's David Knox, noted the flexibility afforded to Australians ...