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| | | ... more that can be done in this budget. Some of the potential key reforms identified include lifting the Superannuation Guarantee (SG) to 12%; applying SG to the self-employed and to income replacement payments; removing the SG $450 a month threshold ... |
| | | | ... 8, when the Federal Government announces the annual budget, an update on the planned increase of the superannuation guarantee (SG) is expected. Melbourne-based Grattan Institute has criticised the proposed lifting of SG to 12% saying it would have a ... |
| | | | 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 ... |
| | | | ... Challenger's research shows Australians are, on average, living more than nine years longer than when the superannuation guarantee was established in 1992. Further, more than $1.3 trillion of super assets are expected to move into retirement phase by ... |
| | | | ... 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 an industry ... |
| | | | ... Federal Budget nears and more changes could be just around the corner. Apart from an increase to the superannuation guarantee, further discussion around the sole-purpose test and the purchase of lifetime income streams, Chew said there's potential for ... |
| | | | ... arrangements for director penalty notices. "Importantly, in cases where employers defy directions to pay their superannuation guarantee liabilities, the ATO will be able to apply for court ordered penalties, including up to 12 months imprisonment," O'Dwyer ... |
| | | | ... than one in five (20.8%) contributors to superannuation members are paying more than the compulsory 9.5% superannuation guarantee. This is in comparison to one in four in 2010. Roy Morgan identified a direct correlation between higher income levels and ... |
| | | | AustralianSuper and Human Super support a mandatory increase to the superannuation guarantee for women in a bid to close the superannuation gap. Both super funds are lobbying for a mandatory 12% SG contribution, stating the 2.5% increase would make ... |
| | | | ... reduce tax bills, he wrote. The institute also shot down calls to expedite the process of lifting the superannuation guarantee (SG) from 9.5% to 12% by July 2025, arguing this "will hurt the living standards" of low-income earners - the bulk of whom ... |
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