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Showing 291 - 300 of 516 results for "Your Super"

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... questioned over whether it should have intervened when AustralianSuper introduced a new fee named after the Protecting Your Super legislation. In January AustralianSuper increased its admin fee, saying that from April 1 members would start paying the ...

ATO crashes amid tax return, ERS rush

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... another's money. "We're concerned about scams or schemes where people impersonate the ATO, or a trusted organisation like your super fund, to steal your money or personal identifying information and contact you and charge for services that are free ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
Members of a retail superannuation offering have been remediated close to $3 million after financial advisers failed to comply with legislation that would have seen them transferred to a lower cost MySuper offering in 2017. More than 1266 smartMonday ...

Industry fund ups insurance premiums

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... "Additionally, we have seen a reduction in the amount of members who have insurance due to the government's Protecting Your Super and Putting Members' Interests First laws. This has also impacted insurance costs." From August 1 the annual cost for one ...

ATO doubles down on fraud crackdown

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
... applied for early release of super and you have not, don't ignore these messages: check your myGov, call the ATO or your super fund to make sure your identity has not been compromised," Day said. "But don't click on any links - one technique used by ...

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... quarterly reported data on liquidity, early release demographics and insurance cancellations related to the Protecting Your Super reforms. The PDC will provide the regulator with enhanced data surrounding ERS, set to provide better analysis of the demographics ...

Another billion removed from super

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... said it will be targeting people who withdraw and recontribute to their super to gain a tax deduction. "Withdrawing your super early and then recontributing that amount back into your super fund and claiming a personal super contribution deduction can ...

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... representative) enter into a scheme mainly for the purpose of obtaining a tax benefit," the ATO warned. "Withdrawing your super early and then recontributing that amount back into your super fund and claiming a personal super contribution deduction ...

ATO streamlines tax return process

ELIZA BAVIN  |  FRIDAY, 12 JUN 2020
... withdrew funds from their superannuation will not be required to pay tax on the amount. "If you received early access to your super this year under the special arrangements due to COVID-19, any amounts you've withdrawn from super under this program are ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... Australia will not be easy," he said. "The impact of COVID-19, in addition to account consolidation, the protecting your super package and other pressures, will accelerate the challenges for some funds, especially as billions of dollars have already ...