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Showing 41 - 50 of 120 results for "Death benefits"

Super bequest reform can boost charitable giving by billions: Report

ANDREW MCKEAN  |  TUESDAY, 24 OCT 2023
... relatively underutilised by most people. The report advocates for the removal of the 17% tax on superannuation death benefits directed to charities and calls for an amendment to legislation whereby charities could be a direct recipient of a death benefit ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... soared 31% to 6957. A large chunk of the complaints stemmed from super funds and insurers delaying the payment of death benefits. This rose a whopping 136% annually. Singh said that many super funds still make it difficult for members to find basic information. ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... Douglas decision found that certain veterans' invalidity pension payments in the Defence Force Retirement and Death Benefits (DFRDB) and Military Superannuation benefits (MSB) schemes are super lump sums for income tax purposes rather than superannuation ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... death, with a mean balance of about $500,000. "The wealth transfer between couples as a result of superannuation death benefits is something that will require forensic examination. Given the interaction of the superannuation caps, trigger events, as ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... members are protected. That's a hard balance, particularly when you think about access to funds paying out death benefits; we're seeing a lot of noise starting to come up about how quickly or not quickly we're paying out death benefits, and ...

Laureola Advisors launches new fund

CHLOE WALKER  |  MONDAY, 26 SEP 2022
... needed by the insureds, which are sold to an investor; the investor pays the premiums and in time collects the death benefits," Laureola managing director Australia and New Zealand Nathan Wares explained. "It follows that a well-managed life settlement ...

Optimum Pensions, Generation Life launch lifetime annuity

CASSANDRA BALDINI  |  WEDNESDAY, 3 AUG 2022
... LifeIncome products offers a lifetime annuity with 23 different investment options and has reversionary benefit and death benefits. A statement called the annuity the first of its kind in Australia, and said it provides customers with the flexibility ...

Government moves to amend military super benefits tax

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
... The Douglas decision found that certain veterans' invalidity pension payments in the Defence Force Retirement and Death Benefits (DFRDB) and Military Superannuation benefits (MSB) schemes are super lump sums for income tax purposes rather than superannuation ...

Calls for Indigenous super beneficiary changes renewed

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... their dependents and better ensure their wishes are followed when they pass away. It was also proposed that super death benefits could be paid to the most appropriate person considering the needs of each First Australian are different and will largely ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
... future generations," the RIR report read. By 2059, the review estimated that about $130 billion in superannuation death benefits will be paid out - a whopping increase from the $17 billion in 2019. "This is not great for retirees, who may be unnecessarily ...