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Showing 421 - 430 of 4039 results for "Savings"

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... dollars - leaving a gap of $145,000. "Paying super on Paid Parental Leave is going to provide a boost to the retirement savings for those receiving the Commonwealth Parental Leave Pay and it will be particularly significant for low paid and vulnerable ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... pay cycle, as opposed to quarterly. Treasury estimates some 8.9 million employees will benefit from higher retirement savings as a result; Super Members Council estimates show the average affected worker misses out on $1800 in super each year, or $30,000 ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
... collaboration with ASFA's membership base, the initiative represents a united effort to protect Australia's retirement savings from increasingly sophisticated cybercrime and fraud-related risks, ASFA said. "Superannuation is the cornerstone of financial ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... lost super accounts, 192,000 of which belong to uncontactable members. In total they hold $11.8 billion in retirement savings. Of these, 55% of the accounts belong to men and 39% belong to women. By value, 59% of the total lost assets belong to men ...

Pre-retirees expect less reliance on Age Pension: Investment Trends

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
... from the Age Pension. Retirees said most of their income comes from their super at 29%. About 13% comes from their own savings and investments. Retirees also rely on their partners' super (9%), and savings and investments (4%) for financial support. ...

FSU steps up calls for reproductive leave policies

JAMIE WILLIAMSON  |  MONDAY, 16 SEP 2024
... Superannuation Trustees (AIST) estimated menopause is costing Australian women about $17 billion lost earnings and retirement savings. "A woman retiring at the average age for a man would accrue an additional 7.4 years of income and superannuation which ...

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... to raise a child, you will be left behind in retirement." Despite ongoing complication, Delahunty believes retirement savings will continue growing. "The increase to 11.5% in July and the upcoming rise to 12% next year, paired with strong investment ...

BUSSQ board members removed

ANDREW MCKEAN  |  FRIDAY, 13 SEP 2024
... and Jacqui have provided outstanding service to the members of BUSSQ. Their dedication to looking after the retirement savings of our members has always been evident and their input will be missed. On behalf of the board, chief executive, and team, I ...

Aussies unprepared to manage retirement income

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
The complexity of retirement income decisions has left many feeling ill-equipped to manage their superannuation savings and generate an income that will deliver a comfortable lifestyle later in life, according to GBST research. The wealth management ...

Australians rank seventh globally for retirement confidence

MATTHEW WAI  |  WEDNESDAY, 11 SEP 2024
... isn't an option. The current economic climate also has close to one in five (19%) Aussies believing that $1 million of savings is not sufficient to afford retirement. Further, 62% of Australians over 70 years (1.7 million people) do not have any superannuation ...