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Showing 171 - 180 of 223 results for "Early release of super"

Link feels impact of COVID-19

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2020
The early release of super scheme has seen more than 5% of the accounts Link Group administers close. It comes as the group rolls out optional pay cuts to its leadership team. In a presentation to the Macquarie Australian Investors Conference yesterday ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... the Australian Taxation Office and they're set to face some tough penalties if they assist in the illegal early release of super. Under the government's ERS scheme, a number of key issues face SMSF trustees and navigating those issues can be complex ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... commissioner Chris Jordan today told the select committee that over one million people have applied for early release of super, amounting to $9 billion in early release payments. The super funds for workers in the industries that have been decimated ...

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... Australian Federal Police are investigating a small number of scams in relation to the government's Early Release of Super scheme. The Australian Taxation Office said measures designed to protect the integrity of the early access to super scheme ...

ERS shaves $4m off Raiz Super

ALLY SELBY  |  TUESDAY, 5 MAY 2020
The government's early release scheme shaved $4 million from Raiz Invest's superannuation offering, as members drew down on their savings to weather the COVID-19 crisis. Funds under management in Raiz Invest Super fell 6.7% over the past three months ...

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
... of next week," the Rest spokesperson said. Rest said it would usually receive about 100 applications for early release of super due to financial hardship a week. Last week it received 65,000. Rainmaker head of research Alex Dunnin said the numbers from ...

ERS top of mind for advisers

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
Early release of super was the topic most frequently asked about by advisers during March and April, according to new figures from AMP's technical adviser support team. The next most asked about issue was minimum pension drawdowns as the government ...

Junk by name, junk by nature?

ALLY SELBY  |  THURSDAY, 30 APR 2020
Junk bonds, despite the unfortunate name, aren't the trash of the investment world, although in the current uncertain environment they sure could be. These credit products are issued by governments and companies, and offer higher rates of return ...

Adviser fears over ASIC relief

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... assisting the industry with providing affordable and timely advice during the COVID-19 crisis, namely the early release of super. As part of this, ASIC issued a temporary no-action position for superannuation trustees to expand the scope of personal ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... cannot be done through the ATO. "Non-regulated funds have their own state and territory law in regards to early release of super," the ATO said. "If an individual applies to the ATO for the release of an amount from an exempt public sector superannuation ...