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Showing 311 - 320 of 344 results for "Early Release"

UK adds SMSF after slashing Australian pension schemes

ALEX BURKE  |  TUESDAY, 8 SEP 2015
... under 55 in circumstances outside of "serious ill health." Many Australian super funds, however, also provision for early release in cases of severe financial hardship, balances below $200 and certain "compassionate grounds". As a result of being removed ...

AustralianSuper to pay early insurance to terminally ill

DARREN SNYDER  |  WEDNESDAY, 1 JUL 2015
... their superannuation savings yet the country's largest industry fund has gone a step further and negotiated for the early release of life insurance benefits. AustralianSuper head of insurance, Richard Weatherhead, said the super fund wanted to make sure ...

Early release super approvals increasing

DARREN SNYDER  |  THURSDAY, 11 JUN 2015
About 73% of Australians who applied for an early release of their superannuation were given approval in the first 10 months of the 2014-15 financial year, according to data from the Department of Human Services. As of April more than 16,000 early release ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
The Australian Crime Commission believes Stronger Super reforms implemented from 2013 have reduced illegal early release schemes run through self-managed superannuation funds (SMSFs). In its latest report, Organised Crime in Australia 2015, the commission ...

Treasury proposes higher regulatory levies for super funds

ALEX BURKE  |  THURSDAY, 21 MAY 2015
... million to $17.9 million. This accompanies a mild increase in levied funding for the DHS, which administers the early release of super on compassionate grounds, from $4.5 million to $4.7 million. However, super funds will now have to pay slightly less ...

APRA announces draft 2014-15 supervisory levies

ALEX DUNNIN  |  TUESDAY, 27 MAY 2014
... $7 million for Tax Office activities and $5 million for Department of Human Services activities which look after early release of superannuation benefit applications. As a result of these funding requirements a $5 billion super fund could pay up to $790,000 ...

Higher pension age to drive increase in early super releases

ALEX DUNNIN  |  WEDNESDAY, 7 MAY 2014
... pension eligibility changes will need to be designed to avoid would-be pensioners arbitraging their entitlements. Early release of superannuation before the preservation age has been handled by the Department of Human Services since 2011. According to ...

Protection needed if pension age increased: AIST

LAURA MILLAN  |  TUESDAY, 15 APR 2014
... the preservation age is lifted in line with a higher retirement age, there may be a need to consider the merit of early release provisions for those in genuine need who meet specific criteria to determine involuntary retirement," Garcia said.

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
The senate has passed a bill allowing promoters of illegal early release schemes to be prosecuted. The bill is targeted at individuals or organisations that charge a fee for aiding clients in illegally accessing their superannuation before the preservation ...

Terminally ill woman questions superannuation early release laws

JAMES FERNYHOUGH  |  MONDAY, 8 JUL 2013
... wanted to spend her last years with her family rather than working. However, federal legislation will only allow early release of superannuation on the grounds of terminal illness if the member has been given less than a year to live. Penny's super fund ...