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Showing 221 - 230 of 468 results for "% Superannuation Guarantee"

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
The Productivity Commission recommends an independent review of insurance in superannuation; that Australians enter default super once; and that super funds disclose trailing financial adviser commissions. These are a few of the 22 recommendations in ...

Amnesty granted to employers with unpaid SG

KANIKA SOOD  |  THURSDAY, 24 MAY 2018
For 12 months starting today, employers with a history of underpaying the superannuation guarantee will have a chance to "wipe the slate clean" and clear any pile of unpaid super without copping late payment penalties from the Government, according ...

Industry funds call for super shortfall reform

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
The likelihood of a comfortable, self-sufficient retirement will diminish over the next decade for about 3.1 million Australians, according to new research. Recent findings from AustralianSuper and Cbus suggest the changing nature of work will create ...

Govt reforms can tackle super gender gap: ASFA

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
In the lead up to this year's Federal budget, the Association of Superannuation Funds of Australia is calling on the Government to take action on a worrying statistic that 80% of women won't have enough money upon retirement. ASFA is using its new white ...

Retirement spending declines faster than believed: Research

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
Spending by retiree couples falls much faster as retirement progresses than traditionally believed, calling for a change in how retirement products are designed. Research from Milliman shows the median Australian retiree couple's spending at 85 years ...

SG non-compliance declining: ATO

KARREN VERGARA  |  FRIDAY, 13 APR 2018
Most employers and super funds are complying with superannuation guarantee (SG) obligations, but latest ATO data shows there are still some breaching SuperStream standards. Over 2016-17, SuperStream processed 135 million contributions - about five million ...

FASEA consultation could sway retirement outcomes

JAMIE WILLIAMSON  |  MONDAY, 9 APR 2018
Challenger is calling on the Financial Adviser Standard and Ethics Authority to consider the substantially different financial risks and challenges faced in retirement compared to the accumulation phase of super when consulting on its new standards. ...

Increasing SG is not the answer: O'Dwyer

KARREN VERGARA  |  THURSDAY, 5 APR 2018
Federal Revenue and Financial Services Minister Kelly O'Dwyer has rebuffed the Labor Party's push to raise the superannuation guarantee (SG), pointing out several reasons why this is not the only answer to help boost retirement savings. O'Dwyer told ...

What will estate planning look like in 2020?

DARREN SNYDER  |  WEDNESDAY, 4 APR 2018
Looking beyond 2020, netwealth technical services head Keat Chew said financial advisers must consider the prospect of small tax increases on superannuation earnings and lump sum payments. Speaking at a recent netwealth CPD event in Sydney, Chew took ...

New law tightens unpaid SG penalties

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
Employers robbing staff of superannuation entitlements could face court-ordered penalties and even jail time under a new law designed to combat the $2.85 billion unpaid super problem. Minister for Revenue and Financial Services Kelly O'Dwyer introduced ...