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Showing 31 - 40 of 332 results for "Early release"

Advisers query super changes

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... enquiries from advisers in the September quarter and the most asked question was in relation to re-contributing early release of super payments. Clients who had accessed their superannuation through the early release of superannuation (ERS) program may ...

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
Those who took advantage of the government's early release of superannuation (ERS) program, due to loss of income during the pandemic, can put the money back in their account without incurring a tax penalty. The Australian Taxation Office confirmed ...

ETF use grows in SMSFs

ANNABELLE DICKSON  |  THURSDAY, 2 SEP 2021
... executive Andrew Russell said. "It has been interesting to see how resilient the sector has been, from avoiding early release mechanisms to making more contributions to SMSFs across the year as we believe investors looked to capture the significant upside ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... declined 5.3 per cent, and pension payments ($38.6 billion) declined 5.8 per cent representing normalisation to pre-Early Release Scheme levels," APRA said. APRA said it will release the Quarterly MySuper Statistics for the June 2021 quarter on August ...

World Pension Alliance condemns COVID early release

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
... mechanisms. This would leave almost six million residents without any retirement savings. In Australia, the total COVID early release withdrawals of $36.4 billion during 2020 were a smaller fraction of total superannuation assets of $3 trillion, than ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... $2.7 billion, which was less severe compared to the prior period when large corporate super mandate losses and the early release of super scheme took place. AMP chief executive Alexis George said: "We really want to broaden that offering to the external ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... complaints about superannuation to AFCA fell 31% in the year ending 30 June 2021, after a spike in FY20 stemming from the early release of superannuation allowed during the pandemic. AFCA did not provide a breakdown of complaint types for superannuation ...

New chair of BT Super trustee board

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
... service to the board. "Under David's stewardship BT members were supported with more than 230,000 applications for early release super payments through COVID-19 totalling around $1.9 billion," he said. "Members have also been migrated from legacy super ...

Aussies lose $328m to investment scams

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... than 1500 incidents relate to superannuation scams resulting in over $6.4 million in losses, mostly prompted by the early release of superannuation scheme. Worryingly, it appears that people find it increasingly difficult to identify legitimate investment ...

Family law super reforms released

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... best in practice." The development comes after the government abandoned its controversial proposal to extend the early release of superannuation to family and domestic violence survivors.

Editor's Choice

Aware Super hires head of corporate development

JAMIE WILLIAMSON  |   12:51PM
The $175 billion superannuation fund welcomed its first head of corporate development as it looks to be a "merger partner of choice" in the industry.

Link Group rebrands as acquisition completes

JAMIE WILLIAMSON  |   12:48PM
Link Group announced its new name ahead of delisting from the ASX at today's market close.

Crescent Capital sells down ClearView stake

ELIZA BAVIN  |   12:28PM
ClearView has been alerted that Crescent Capital wishes to sell a major share in the company.

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |   12:44PM
Reality TV stars from shows like Love Island, Geordie Shore, and The Only Way Is Essex are due to face Court for pushing unauthorised investment schemes on their followers.

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