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Showing 11 - 20 of 89 results for "Early Release of Superannuation"

More work needed to end financial abuse

ELIZABETH MCARTHUR | MONDAY, 17 JAN 2022

... "The impact of coercive control in a violent relationship was starkly demonstrated in 2020 in the early release of superannuation scheme, with many women being coerced into accessing their super or having it fraudulently accessed by their domestic partner." ...

Adviser jailed for illegal super access

KARREN VERGARA | WEDNESDAY, 24 NOV 2021

... sentence imposed demonstrates the seriousness of this misconduct." "Facilitating the unlawful early release of superannuation can lead to the erosion of people's super balances, which has the potential to lead to long-term hardship. ASIC will continue ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON | THURSDAY, 28 OCT 2021

... hospitality. Younger workers were also the cohort most likely to withdraw from their accounts under the Early Release of Superannuation scheme last year, with 82% of those who did being under 35 years of age. About 1.7 million men and 1.3 million women ...

Advisers query super changes

ANNABELLE DICKSON | TUESDAY, 19 OCT 2021

... re-contributing early release of super payments. Clients who had accessed their superannuation through the early release of superannuation (ERS) program may be in a position to pay it back and can do so tax-free. "Some advisers are pleasantly surprised ...

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR | FRIDAY, 3 SEP 2021

Those who took advantage of the government's early release of superannuation (ERS) program, due to loss of income during the pandemic, can put the money back in their account without incurring a tax penalty. The Australian Taxation Office confirmed ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD | MONDAY, 5 JUL 2021

... superannuation to AFCA fell 31% in the year ending 30 June 2021, after a spike in FY20 stemming from the early release of superannuation allowed during the pandemic. AFCA did not provide a breakdown of complaint types for superannuation to 30 June 2021 ...

Aussies lose $328m to investment scams

KARREN VERGARA | MONDAY, 7 JUN 2021

... relate to superannuation scams resulting in over $6.4 million in losses, mostly prompted by the early release of superannuation scheme. Worryingly, it appears that people find it increasingly difficult to identify legitimate investment opportunities ...

Family law super reforms released

ANNABELLE DICKSON | TUESDAY, 1 JUN 2021

... The development comes after the government abandoned its controversial proposal to extend the early release of superannuation to family and domestic violence survivors.

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR | FRIDAY, 21 MAY 2021

... APRA's desired scale of $30 billion for superannuation funds to survive. Intrust was also hit by early release of superannuation withdrawals of about $288 million last year. For Hostplus, merging with Intrust delivers a membership that is close to ...

ERS applicants $3100 worse off

KARREN VERGARA | THURSDAY, 20 MAY 2021

Members who raided their retirement savings as a result of the early release of superannuation scheme could have been $3100 better off than if they had kept their balance intact, new research reveals. The McKell Institute, a thinktank, found that over ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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