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Showing 121 - 130 of 179 results for "super guarantee"

Bowen supports lump sum status quo

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
... On superannuation policy, Bowen heavily criticized the government's decision to further delay the rise in the super guarantee to 12%, calling it a "short-term saving at a long-term cost," and "fundamentally bad economics." He also re-affirmed Labor's ...

Parliament to address large financial services agenda

LAURA MILLAN  |  TUESDAY, 12 NOV 2013
... plans to repeal Labor's low income superannuation contribution (LISC). The legislation that increased compulsory super guarantee contributions from 9.25% to 12% will be delayed. Under the new plans, the SG will rise from the current 9.25% to 9.5% from ...

Coalition urged to rethink super slash costings

JAMES FERNYHOUGH  |  THURSDAY, 29 AUG 2013
... reconsider its decision to scrap the low income superannuation contribution (LISC) scheme and delay the increase of the super guarantee (SG), which it announced in its costings yesterday. In a joint statement, Women in Super (WIS) and the Australian ...

Coalition to save $1.6bn via SG delay

AAP & ALICE URIBE  |  WEDNESDAY, 28 AUG 2013
... scrapping the minerals resource rent tax (MRRT). These include $3.7 billion from not proceeding with the low-income super guarantee that was supposed to be funded from revenue from the MRRT. Similarly, abolishing the schoolkids bonus will save $4.6 billion ...

Fund chief calls for cap on super lump sum payments

JAMES FERNYHOUGH  |  THURSDAY, 4 JUL 2013
... will fall on people on the Age Pension. As well as a cap on lump sums, Turner also advocated a swift increase of super guarantee to 12%, saying "delays will have consequences." When questioned on whether the policy of lump sum caps contradicted the super ...

Government to update More Super calculator

JAMES FERNYHOUGH  |  WEDNESDAY, 29 MAY 2013
The federal government plans to update the More Super calculator to take into account increases to the Super Guarantee (SG) which will come into effect on 1 July. The More Super calculator allows users to find out how much super they will have accumulated ...

Retirement adequacy hits post-GFC low: AMP

BEN COLLINS  |  THURSDAY, 27 SEP 2012
... lower contribution rates, was enough to eliminate the projected gains expected from the introduction of the 12% super guarantee. Deloitte Access Economics Partner Chris Richardson said the research shows the impact on future Governments that the combination ...

$2.8bn in lost super found

LINDA HAUSKEN  |  WEDNESDAY, 4 JUL 2012
... superannuation savings of around 3.6m Australians, including 2.1m women, who earn up to $37,000 per annum. "The super guarantee rate is also increasing to 12% every year from 1 July 2013 to 1 July 2019 progressively and the upper age limit for guarantee ...

EOFY: Review of super contributions essential

LINDA HAUSKEN  |  TUESDAY, 12 JUN 2012
... along and not realising that there has been a change and they end up with $40,000 worth of salary sacrificing and super guarantee contribution the next financial year they are $15, 000 above what they are allowed to have, so they will get hit with an ...

Australia's finely balanced $376bn budget

ALEX DUNNIN  |  WEDNESDAY, 9 MAY 2012
... reforms in superannuation mean that around 3.6 million low income Australians will effectively pay no tax on their super guarantee contributions. Regardless of the politics of the budget, bond markets have already responded positively by lowering yields ...