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Showing 241 - 250 of 468 results for "Superannuation Guarantee"

MySuper milestones monitor industry movement

DARREN SNYDER  |  MONDAY, 11 SEP 2017
July marked the 25th anniversary of the superannuation guarantee but it also signified other important milestones for the maturing $2.3 trillion super system. There is now three years of APRA MySuper data, meaning researchers have far more to work with ...

ASFA puts gig economy on the agenda

EMMA RAPAPORT  |  THURSDAY, 7 SEP 2017
... "However, the current superannuation settings are not suited to these trends." As the system stands, the superannuation guarantee does not cover independent contractors or most of the broader group in the labour force that is self-employed. Gig economy ...

Government funds ATO superannuation taskforce

DARREN SNYDER  |  TUESDAY, 29 AUG 2017
A Superannuation Guarantee Taskforce is being established to crackdown on employers which fail to meet SG obligations and potentially short-change employees from their super. Federal Minister for Revenue and Financial Services, Kelly O'Dwyer, said the ...

Super FUM up 10pct to $2.3tn

ALEX DUNNIN  |  THURSDAY, 24 AUG 2017
... member contributions skyrocketed 45% compared to employer-paid contributions that increased only 3.5%. Superannuation guarantee and salary sacrifice contributions meanwhile increased 6.5% and 7% respectively. Benefit payments increased 15% to $74.5 billion ...

First home super scheme may not make it to parliament in 2018

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... parliamentarians. The First Home Super Saver Scheme (FHSSS), residential downsizing incentives, closing of the superannuation guarantee loophole, and the expansion of choice, consumer power, and increased transparency are nowhere to be seen. The spring ...

Government cracks down on salary sacrifice loophole

EMMA RAPAPORT  |  FRIDAY, 14 JUL 2017
... make salary sacrifice contributions to their superannuation accounts. The move follows the release of a Superannuation Guarantee Cross-Agency Working Group report which recommended closing the loophole and improving employer's compliance with their superannuation ...

Industry supports super threshold removal

EMMA RAPAPORT  |  TUESDAY, 20 JUN 2017
... $450-a-month wage threshold - which has allowed employers to forego payments of the nation-wide compulsory 9.5% superannuation guarantee to employees earning beneath the threshold - to be removed. ASFA, which also supports to removal of the threshold ...

Females dominating non-concessional contributions

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2017
... shows that over 92% of Australians' balances are solely comprised of employer contributions, or the 9.5% superannuation guarantee. "This has been pretty stable throughout the whole five years of the research. This really highlights the power of the default ...

Women in Super names 2017 scholarship winners

MICHELLE BALTAZAR  |  FRIDAY, 19 MAY 2017
... equitable redistribution of tax concessions, retention of the low income super contribution, raising the superannuation guarantee to 12%, removal of the $450 monthly threshold (most women miss out on super as they fall below this threshold) and include ...

Budget undermining super: Labor

KARREN VERGARA  |  WEDNESDAY, 10 MAY 2017
... owners to get a foothold in the market," Chalmers said. The budget also failed to address the missing superannuation guarantee payments, stating it's "costing around one in three Australians up to $1500 a year." Labor predicts the new Australian Financial ...