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| | | ... Australians have registered their interest to access their superannuation savings early. Speaking to Financial Standard an ATO spokesperson said that while official applications for the COVID-19 early release don't open until April 20, the organisation ... |
| | | | ... ask them to slow down a bit," she said. "We are doing a lot more with education as a result. We'll send people what the ATO has about trustee responsibilities and the need for education and ask them if they really want to go ahead." However, Heffron ... |
| | | | ... Hume, the assistant minister for superannuation, financial services and financial technology, told the AFR Wealth Summit the ATO will take on the challenge of verifying requests for early release super (ERS) payments and called on the funds to cooperate. ... |
| | | | ... sole traders and casuals who have been with their employer for a year or more. "This measure is being delivered through the ATO," Morrison said. "This is an absolute guarantee of payment that will assist them in supporting their payrolls... this is a ... |
| | | | ... financial years. The news was welcomed by SuperConcepts, which said it had received many queries from clients prior to the ATO's announcement. "SuperConcepts has been inundated with calls and emails from concerned clients who have an SMSF which owns ... |
| | | | ... explaining it is still working through the solutions that are available. "We are currently working with super funds and the ATO to understand the best solution to managing both the volume and the speed at which this needs to be implemented," McMurtrie ... |
| | | | ... were unable to log into accounts, change options, turn insurance on or off or even check balances. Access to accounts via the ATO was also suspended for a time, with accounts showing as closed. |
| | | | ... end up saving the super of many Australians, after it led the Australian Tax Office to get in touch. "I've already had the ATO ring me today [Thursday] and say 'Please give us as many details as you can,'" Craggs said. "Hats off to the ATO." Earlier ... |
| | | | ... in an attempt to steal their super or by offering unnecessary services for which a fee is charged," Scheerlinck said. "The ATO is managing the new early-release process through its MyGov website. There is no need to involve a third party and there are ... |
| | | | ... superannuation would exceed $25 billion if 1.35 million working Australians each accessed the full amount. Jenkins said the ATO, which would make the determination on early release, could also distribute payments, and possibly invoice superannuation ... |
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