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Showing 41 - 50 of 178 results for "Social security"

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... contribution cap nor will it trigger excess contributions but will be taxed at the 15% assessable rate. Additionally, social security measures that apply to the legacy product will not be transferred to the new product. "Currently, individuals are locked ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... reforms that will allow superannuants to swap out of expensive low-performing legacy products without paying tax or social security penalties. While it's a complex reform, the efficiencies it could create within Australia's oversaturated retail super ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... it would provide passive income and was a safe investment. "We have no home, no financial assets, no access to social security [as NZ citizens] and have no family to help us either... Does anyone care? Who is ASIC working for exactly? We are the consumers ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The government estimates that in 2020-2021 $227.5 billion will be spent on social security and welfare - up 15.4% in real terms from the $196 billion spend last year. The social security spending is largely in response to the COVID-19 crisis, with the ...

COVID-19 stimulus continues

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... government's stimulus payments will continue for eligible concession card holders too. Two separate $750 payments to social security, veteran and other income support recipients will be made. The first of these payments is due on 10 July 2020. Frydenberg ...

What advisers need to know: BT

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... questions were about the non-concessional contribution cap and the proposed change from 1 July 2020, means testing and social security, transfer balance caps, the proposed change to the work test and the conditions to be eligible for early release of ...

Top adviser queries revealed

ALLY SELBY  |  THURSDAY, 30 APR 2020
... advisers are asking at the moment, with the team frequently fielding queries on early access to super and new social security measures. The queries included understanding the eligibility rules surrounding JobSeeker payments and supplements, which employers ...

Adequacy argument headlines online CMSF

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... need to happen to that system in order to produce what we would consider to be an adequate retirement, but the social security element of it gets forgotten." Delahunty added the argument over whether 9.5% or 12% SG is enough is still predicated on what ...

ERS at risk of significant delays: ISA

ELIZA BAVIN  |  TUESDAY, 21 APR 2020
... for legitimate claimants. In an update, the ATO said to be eligible a permanent resident must be eligible for a social security payment (jobseeker, youth allowance etc) or been made redundant, had working hours reduced by 20% or more or a 20% reduction ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... businesses." The Financial Services Council said it supported the package - which also includes another reduction to social security deeming rates to reflect the 25bps cut of the RBA last week - with FSC chief executive Sally Loane commenting the council ...