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Showing 151 - 160 of 891 results for %22Superannuation Guarantee%22

Workers being offered nothing: Keating

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 FEB 2021
... workers. Discussing the suggestion that the current government may forgo the legislated increase in the superannuation guarantee to 12%, Keating said workers are being offered nothing in return for accepting less in retirement savings. "I don't see ...

ASFA calls for super fairness

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... superannuation contributions. The industry body recommended a "dependant contractor" category for the Superannuation Guarantee to ensure fairness in retirement for those who are self-employed or in the gig economy. Further to this, ASFA proposed that ...

NSW pocketed $10bn from ERS

KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
... suburbs like Arncliffe, Bexley and Kogarah, pocketed $292.1 million. ISA's modelling showed that if the superannuation guarantee increase were scrapped, an average 30-year-old man who took $20,000 from their super would either lose $180,000 from their ...

ISA calls SG increase delay a tax grab

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 JAN 2021
Industry Super Australia says a failure to make the planned increase of the super guarantee to 12% compulsory is a "tax grab" by the government. According to ISA, making the increase to 12% optional will result in the average Australian family paying ...

Super leaves gig economy behind

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
Less than 1.5% of gig economy workers are contributing to a superannuation account, a new report from the Actuaries Institute reveals. That's a key finding from the Actuaries Institute report, which also found that even when they do make contributions ...

AMP launches retirement product

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... option invests mainly in Australian and international shares (up to 85%) and charges investment fees of 0.60% p.a. and guarantee fees of 1.25% p.a. deducted from the balance. Investors that opt to "lock in" can keep investment gains at a designated time ...

Vision Super increases premiums

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
Vision Super and its group insurer MLC Life have increased the cost of insurance premiums by 17.8%. The $10.3 billion industry fund said that MLC Life had determined the 17.8% increase was required to continue to cover the cost of providing insurance ...

QSuper bets on new retirement product

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... Pennisi told a recent member update that the product, while still in the works, complements the Age Pension and other superannuation earnings. The idea was conceived because he worries about the significant risks retirees face: running out of money or ...

SMSF fraudster sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... initially arrested on 14 April 2017 after being charged with fraud relating to obtaining funds from self-managed superannuation fund (SMSF) investors during 2013 and 2014. ASIC alleged Gore obtained funds from SMSF investors through his role at Arion ...

Retirement costs keep rising: ASFA

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... the financial position of many Australian retirees," Fahy added. ASFA said the results display why the superannuation guarantee (SG) should be increased from 9.5% to 12% as legislated. This comes in the wake of the government releasing the Retirement ...