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Showing 31 - 40 of 89 results for "Early Release of Superannuation"

Crackdown on ERS scams continues

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... have confidence in the security measures the ATO has in place to protect the integrity of the early release of superannuation scheme." The spokesperson added that the ATO's systems were never breached and the incidents were related to things like phishing ...

Platforms start to shake ERS impact

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
Platform inflows are returning to normal as the impact of government's early release of superannuation starts to wear off, according to Credit Suisse. In the September quarter, platforms reported $1.9 billion in outflows. However, if you exclude $3.9 ...

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... 12. 6. ATO to verify early release requests (March 31) Senator Jane Hume confirmed ahead of the early release of superannuation scheme opening that the ATO would be responsible for verifying member requests before requesting super funds release the funds ...

COVID-19 lockdown swells financial stress

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
... respectively. One in three members of AMP superannuation who work in hospitality applied for the early release of superannuation scheme, which is the most of any industry recorded. "Our industry also has an important role to play in helping those Australians ...

Aussies continue to drain super

ELIZA BAVIN  |  MONDAY, 12 OCT 2020
Over the week to September 27, a further 36,000 applications were received by funds for the Early Release of Superannuation (ERS) scheme. Of the 36,000 applications 22,000 were first-timers and 14,000 were repeat applications. Initial applications total ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... extension, Retirement income review, CIPRs, Eligible Rollover Funds The budget did not extend the early release of superannuation (ERS) scheme past 31 December 2020. Adjusted drawdown rates for account-based pensions were also left untouched. There was ...

ASIC extends advice, capital raising provisions

ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
ASIC has extended the relief to financial advice that relates to the early release of superannuation scheme as well as certain capital raisings due to the uncertainty of the pandemic. The corporate regulator has extended the capped advice fees regarding ...

ERS tab hits $33.3bn

ALLY SELBY  |  MONDAY, 21 SEP 2020
The government's early release of superannuation scheme has paid out $33.3 billion since its inception, with an additional $340 million disbursed over the week to September 13 alone. During the week to September 13, super funds received 42,199 applications ...

Legalsuper appoints executive, increases premiums

JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... Protecting Your Super and Putting Members Interests First legislative changes. The fund also cites the Early Release of Superannuation scheme as a driver, with APRA stats out today showing legalsuper has paid about $50 million out under the scheme through ...

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
Industry Super Australia has slammed the government's early release of superannuation scheme, arguing it will significantly increase the long-term Age Pension costs borne by taxpayers. Total retirement incomes will be substantially lower, it said, while ...