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Showing 201 - 210 of 344 results for "Early Release"

ERS emerges as tax loophole for expats

ALLY SELBY  |  FRIDAY, 29 MAY 2020
The government's early release scheme has opened up a handy loophole for expats living in Australia, helping them withdraw their super balances tax-free. Normally, temporary Australian residents would face a 35% tax on the taxable component of their ...

Super release widens gender gap: AMP

ALLY SELBY  |  FRIDAY, 29 MAY 2020
The government's early release scheme is widening the gender superannuation gap, as a higher proportion of women draw down on their super savings to weather the COVID-19 crisis. The analysis, coming out of AMP, found that 21% of women were withdrawing ...

Super fund appoints strategy lead

JAMIE WILLIAMSON  |  FRIDAY, 29 MAY 2020
... According to APRA's most recent stats, Crescent Wealth has so far paid $9.4 million to members as part of the early release of super scheme.

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
... COVID-19 on Thursday, APRA revealed superannuation funds haven't had any serious liquidity issues as a result of the Early Release Scheme, nor do they expect to. "Has APRA been contacted by or informed by any super fund that it has or anticipates having ...

Complaints abound during COVID-19: AFCA

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... complaints, and 610 superannuation complaints. Untersteiner said the majority of the complaints have been about delays in early release of superannuation, loan break costs, disputed transactions, requests to extend payment terms as well as denial of ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... not-for-profits are up 6.2%." Despite fears super funds would struggle to meet the demands of the government's Early Release Scheme, APRA's data shows funds were well stocked to battle drains on their liquidity. In the three months from December ...

ERS withdrawals surpass $10bn

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
Over $10 billion has been withdrawn under the government's Early Release of Super scheme, with 70% paid out by just 10 funds. Over the period from April 20 to May 17, payments that have been made to eligible members have taken an average of 3.3 ...

Switching prompts fund to alter allocations

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
... the travel bans imposed to slow the spread of COVID-19, Qantas Super has already paid out at least $33 million in early release applications, according to APRA's most recent data.

From fines to prosecution: The penalties are in

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... Australian Taxation Office has provided insight as to the penalties that will apply to Australians who have accessed the Early Release of Super scheme despite not being eligible. The ATO has urged all Australians to carefully review the eligibility criteria ...

Rest pays out $1bn, calls for policy certainty

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
... of this morning, the $53 billion superannuation fund has paid out $1.08 billion to 153,694 members as part of the early release of super scheme. In light of this, Rest chief executive Vicki Doyle has highlighted the important role major investors, such ...