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Showing 521 - 530 of 5992 results for "Age"

Inquiry urges government to consider paid reproductive leave

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2024
... "which clearly delineates the impact of symptoms of menopause on women's workforce participation, income, superannuation, and age of retirement." "Menopause and menstruation are workplace issues, and this report makes clear that we need to see a step ...

Fed cut will not move the dial for RBA

ELIZA BAVIN  |  FRIDAY, 20 SEP 2024
The US Federal Reserve delivered its first interest rate cut in four years, reducing the official cash rate by 50 basis points, but experts say the Reserve Bank of Australia (RBA) is still not in a position to do the same. Yesterday's official unemployment ...

Super for housing to exacerbate affordability crisis: Eslake

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... proposed by the Liberal and National Parties would be of little benefit to people in the 'traditional' first-home buyer age cohort of 25-34 years, because their accumulated superannuation savings are typically too small for withdrawing even the ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... superannuation. Meanwhile, a woman earning an average wage of $1745 per week with an average super balance is expected to retire at age 67 with around $737,000 in today's dollars - leaving a gap of $145,000. "Paying super on Paid Parental Leave is going ...

RBA doubling down on wholesale CBDC

MATTHEW WAI  |  THURSDAY, 19 SEP 2024
... other stakeholders on the question of how our monetary arrangements could better support the Australian economy in the digital age." The focus on a wholesale CBDC development would mean that a retail CBDC is left out in the cold, and for several reasons ...

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... biggest cohort of SMSF members, increasing 1.2% in FY24 and 4.35% across the past five years. Class said this is a result of the age group creating their funds at a young age and maintaining them into their retirement. Further, ATO data shows around ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
The Association of Superannuation Funds of Australia (ASFA) has launched of the ASFA Financial Crime Protection Initiative (FCPI), a project designed to bolster the superannuation sector's defences against the growing threat of financial crime. In collaboration ...

TelstraSuper picks Equip for merger partner

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
After announcing earlier this year that it was open to a merger, TelstraSuper will now explore a 'merger of equals' with Equip Super. In May of this year, and after 30 years in operation, TelstraSuper announced it was on the hunt for a merger ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Despite the Australian Taxation Office's best efforts, there is still close to $18 billion in superannuation yet to be reunited with those who earned it. That's according to the latest figures, which show there's currently $17.8 billion in lost and ...

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

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Most Australians anticipate they will fund only 12% of their retirement income with the Age Pension, but the reality is retirees currently need nearly double that amount, a new study from Investment Trends finds. A survey of more than 5600 participants ...