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Showing 11 - 20 of 135 results for "Early access"

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The Australian Taxation Office is cracking down on illegal early access to SMSF money, particularly targeting new entrants to the sector who are the main culprits. New analysis from the tax office released at the SMSF Association National Conference ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... public. However, the objective will not alter the current responsibilities of superannuation trustees, nor rules for early access to super on compassionate grounds. Rest chief executive Vicki Doyle said the fund's nearly two million members, over a million ...

Betashares launches investment platform, targets retail investors

ANDREW MCKEAN  |  WEDNESDAY, 25 OCT 2023
... and educational resources, empowering them to make informed decisions for wealth creation. The platform opens for early access today with its initial features; however, Betashares plans to "significantly expand" its functionality with an array of additional ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... nevertheless ramping up its surveillance strategy in a bid to combat numerous risks, the most common being illegal early access. "Unfortunately, we are seeing an increasing number of trustees taking advantage of their direct access to their SMSF bank ...

Future-proofing the super system: Rees

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
... near term." Recent research by George Washington University, Harvard and Australian National University found the early access scheme introduced during the COVID pandemic was predominately taken up by younger Australians in lower paid occupations and ...

Ending the super wars: Government acts to legislate an objective

ANDREW MCKEAN  |  MONDAY, 20 FEB 2023
... funds, rather than have super funds use the money to buy properties that individuals then rent. He also claimed that early access to super can be a dignified solution for those facing financial difficulted due to medical needs or unemployment. The consultation ...

Not enough being done to fix super gap: AIST

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2022
... particularly women. "We want to ensure that governments resist the temptation to tinker with super in future, especially early access, and we are working closely with member funds to propose an objective of super to be entered into the statute books ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... requires significant revision to accommodate for specific situations, including when a long-term contributor requires early access for a 'good reason' or when an individual is better to manage their own super funds because of the skill and expertise ...

More super, less tinkering: ASFA

CHLOE WALKER  |  TUESDAY, 29 MAR 2022
... increases may mean that many people will have to work longer in order to retire" and 58% agreed that giving people early access to their super will undermine the fairness of the system. "The views of the community were unequivocal. Australians value ...

Adviser jailed for illegal super access

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
A former financial adviser was sentenced to jail for facilitating the illegal early access of clients' superannuation to the tune of $1.5 million. Victoria-based Ahmed Saad operated Saad Wealth Management between 10 April 2012 until 16 October 2017 ...