Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 39 results for "SG rate"

Employers should pay SG rise: ASFA

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... can afford to pay the increase of the Superannuation Guarantee without cutting the wages of employees. As of July 1, the SG rate will rise from 9.5% to 10% and ASFA argued the Australian economic recovery is fuelling business profits that its staff have ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
Allowing Australians to use their superannuation savings to buy property will push up house prices and worsen affordability for low-income earners, says ASFA. Liberal member of parliament Tim Wilson is currently campaigning to let Australians use their ...

Possible delay for SG rise: Hume

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
... services and the digital economy Jane Hume reiterated the findings of the Retirement Income Review whereby the current SG rate is more beneficial for Australians. "People who are currently in their working lives and contributing to superannuation by ...

Imbalance in generational retirement income: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... caps and increases in property values whereas younger Australians will end up contributing more to super with a higher SG rate. "Analysis suggests each successive generation will contribute more during their working life to fund retirees' income than ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... incomes, giving them "higher living standard in working life". "If people efficiently use their assets, then with the SG rate remaining at 9.5%, most could achieve adequate retirement incomes when combined with the Age Pension....Maintaining the SG rate ...

Majority of Aussies want SG rise: ASFA

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
... support the superannuation guarantee rising to 12% by 2025. The results were that 75% support the scheduled increase in the SG rate to 12%, while 12% said the rate should remain unchanged at 9.5% and 13% said they were unsure. "Without question, Australians ...

Super remains grossly inequitable: Per Capita

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... call on the government to work with us to improve outcomes for women." The paper added that opponents of increasing the SG rate to 12% argue that most retirees in Australia enjoy a more affluent lifestyle in retirement than they do during their working ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... they will all be bigger and much stronger than the funds existing today," Rice Warner said. Grattan bets on super tax, SG rate For Grattan Institute, the focus will be on superannuation tax breaks and SG contributions. Grattan Institute household finances ...

ISA takes swipe at Grattan

ELIZA BAVIN  |  THURSDAY, 27 FEB 2020
... alternate modelling. In its submission to the Retirement Income Review (RIR), ISA said its modelling is evidence that a 12% SG rate will change average annual disposable incomes during the whole of adult life. "At a whole adult life level, disposable ...

Industry super steps up SG campaign as RBA weighs in

HARRISON WORLEY  |  MONDAY, 10 FEB 2020
... to 12% by 2025. According to independent research undertaken by UMR, Australians are mostly unaware of both the current SG rate, and its scheduled increase to 12%. "Research shows just 32% of people are aware of the current super rate of 9.5%, while ...