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Showing 31 - 39 of 39 results for "SG rate"

Delay in SG rise 'disappointing', says industry

JAMES FERNYHOUGH  |  WEDNESDAY, 14 MAY 2014
... saying: "This is important to ensure confidence in the superannuation system.A However, SPAA is disappointed that the SG rate will then be frozen for four income years instead of two as the Government originally proposed. The move to a SG rate of 12% ...

Women's retirement anxiety is increasing

JAMES FERNYHOUGH  |  TUESDAY, 15 OCT 2013
... contributions for women and changing their investment strategies, research by Michael E Drew and Anup K Basu said the SG rate for women would need to be raised to 16% in order to cover gender inequity. This is one of the reasons the Coalition's paid ...

Coalition will delay SG rise, abolish LICS

ALEX DUNNIN  |  THURSDAY, 16 MAY 2013
... Coalition government intends repealing should it win office. These initiatives are the increase in the superannuation SG rate from 9% to 12% that he said will be delayed by two years. He also said the Lower Income Contribution Scheme whereby low income ...

ASFA, FSC applaud passing of SG rise

CLAIRE MCGREAL  |  TUESDAY, 20 MAR 2012
... retirement." ASFA pointed to research from Allen Consulting Group, which it commissioned, that claimed the rise in the SG rate to 12% would lead to a 0.33 per cent increase in (real) GDP by 2025. The Financial Services Council (FSC) also welcomed the ...

FSC urges Senate to vote for SG rise

CLAIRE MCGREAL  |  MONDAY, 19 MAR 2012
... on July 1 2013 and July 1 2014. Further increments of 0.5 percentage points will apply annually up to 2019-20, when the SG rate will be set at 12%. Meanwhile, the Australian Institute of Superannuation Trustees (AIST) also released a poll revealing that ...

SG rise through House of Representatives

CLAIRE MCGREAL  |  WEDNESDAY, 23 NOV 2011
... on July 1 2013 and July 1 2014. Further increments of 0.5 percentage points will apply annually up to 2019-20, when the SG rate will be set at 12%. The AIST said this gives businesses plenty of time to prepare for the hike. "It's a slow gradual increase ...

SG Bill enters parliament with strong support

ELISE BURGESS  |  WEDNESDAY, 2 NOV 2011
... on July 1 2013 and July 1 2014. Further increments of 0.5 percentage points will apply annually up to 2019-20, when the SG rate will be set at 12%. An employee aged 30 earning around $70,000 today will retire with an extra $108,000 in superannuation ...

Pollies clash over SG

ELISE BURGESS  |  MONDAY, 20 JUN 2011
... July 2013 and on 1 July 2014. Further increments of 0.5 percentage points will apply annually up to 2019-20, when the SG rate will be set at 12 per cent. The Government said the increase is expected to benefit some 8.4 million employees and significantly ...

Contribs rate during GFC still 23 pct

ALEX DUNNIN  |  THURSDAY, 11 FEB 2010
... $112 billion, leaving total contributions still at a high 23 per cent of total national wages or two-and-a-half times the SG rate, according to latest figures released by APRA. Compulsory employer contributions were unchanged, staying at $43 billion ...
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