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Showing 191 - 200 of 344 results for "Early release"

Men gamble ERS payment away: Research

ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
New data released by illion and AlphaBeta (part of Accenture) shows that there are vast differences in how early release of super payments are being spent between the genders. While women who access their super early are more likely to spend on essential ...

No slowing ERS applications

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
Around 177,000 applications for the Early Release of Super scheme were received in the week ending May 31, as the total approaches two million. Since the inception of the scheme in mid-April, payments that have been made to eligible members have taken ...

Senator criticises lazy super system

JAMIE WILLIAMSON  |  FRIDAY, 5 JUN 2020
... Hume also confirmed about 1.78 million people have now applied to access their super under the government's early release of super scheme. This equates to about $14.5 billion in withdrawals, she said. "That initiative has been working very well ...

What advisers need to know: BT

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... social security, transfer balance caps, the proposed change to the work test and the conditions to be eligible for early release of super. Ashenden added that advisers are also grappling with how to meet FASEA requirements in isolation. Especially with ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism. APRA had advised that early release payments should be paid to members by super funds within ...

Raiz Super bleeds red

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... offering lost a further $2 million during the month of May, with Australians taking advantage of the government's early release scheme to preemptively access their retirement savings. Over the last three months, funds under management have fallen nearly ...

FSC calls for SMSF access to infrastructure

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
... addition it called for the government to establish a co-contribution scheme for Australians who have accessed the Early Release of Super scheme and wish to replenish what they removed. "The government would contribute $1 for every $5 a member contributes ...

UniSuper stares down job crisis

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... the fund providing specific support related to redundancies. However, the fund has not seen an unexpected boost in early release requests. "To date early release of super applications are at the lower end of expectations. We have a very conservative ...

No slowdown in sight for ERS applications

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
Despite COVID-19 restrictions easing across the country, applications for the Early Release of Super scheme have shown no sign of slowing, according to APRA's weekly data. Over the week to May 24, superannuation funds made payments to 220,000 members ...

Super withdrawals being misused

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... said that there was no income check prior to allowing people to access their super. The data also revealed how the Early Release ofSuper payments are being spent, finding that a third of the money was used up in the first two weeks. Most of the money ...