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Showing 281 - 290 of 344 results for "Early Release"

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... super this year under the government's plan to assist those facing financial hardship as a result of COVID-19. Early release to bite retirement hard Rainmaker modelled after-fee, after-tax superannuation outcomes for a 30-year-old member who starts ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
The scattergun approach of fraudsters looking to cash in on the early release of unaware Aussie's super has backfired, with one scammer copping an earful from a financial planner he tried to swindle. Fraudsters are posing as agents from superannuation ...

Super fund warns self-employed of early release risks

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
The newly launched superannuation fund targeting the self-employed, GigSuper, has warned its members about the downside of accessing super early if they are left unemployed as a result of COVID-19. ASFA research shows that 20% of self-employed people ...

Super funds raise scam concerns

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
Fraudsters have wasted no time in using the government's new early release of super initiative as an opportunity to swipe the retirement savings of unsuspecting Australians. Intrust Super has warned its members of the risk they will be targeted ...

ATO called to assist in early release super scheme

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... called on the Australian Taxation Office to play a role in spreading the impact of withdrawals from the governments early release super scheme, estimating it will see $25 billion pulled from super. The government announced it will allow workers affected ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... for income protection insurance," it said. On March 23, Club Plus instructed members on how they could apply for early release of up to $10,000 from their super if they have been negatively impacted by COVID-19 and the shutdown. Clubs NSW, co-founder ...

Early release to bite retirement hard

KANIKA SOOD  |  TUESDAY, 24 MAR 2020
... superannuation savings by the time they are 65 years old. However, if they were to avail the Federal Government's $10,000 early release measure, and withdraw that amount from their superannuation, they would end up with $40,250 lower end balance ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
The government's $10,000 early release from superannuation allowance is higher than historic withdrawals, but a better option than freezing the superannuation guarantee. Prime Minister Scott Morrison yesterday announced Australians will be able ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... sector has been called on to act as a key pillar in Australia's response to the COVID-19 pandemic, with the early release of super a central tenet of the government's new policy initiatives. The government's latest suite of stimulus measures ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... Auditor Number misuse. Non-lodgement among SMSFs, she explained, was an issue because it is correlated to illegal early release scheme - those who have participated in such a scheme are unlikely to lodge a tax return. The assets under management for ...