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Showing 41 - 50 of 589 results for early release of super

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... comfortable retirement, and the future of retirement savings has never looked brighter," Delahunty added. The COVID-19 early release program is also a factor, with up to one million super accounts being left with less than $1000 in younger, lower-income ...

NZSF returns 17%, smashes benchmarks

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
... ConnectEast Group with co-investors Teachers Insurance, and Annuity Association of America to the Future Fund and QIC. In early 2024, the fund upped its commitment to European renewable energy developer, owner and operator Galileo. It now has a 20% stake ...

FSC releases new standard on scam mitigation

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
... implement the necessary system and technology changes where required. The FSC strongly encouraged its members to target early compliance.

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
Three people will go to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500. The Brisbane District Court sentenced three women from Queensland, whose identities were not revealed, for submitting ...

Liberals respond to Federal Budget

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... constructive discussions on how best to ensure everyone in this country has a safe place to live, our research demonstrates that early withdrawal of superannuation will worsen intergenerational inequity without fixing the core problem of desperately ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... retirement." Wages boost for feminised industries Schubert said the anticipated pay rises for highly feminised industries like early childhood education and aged care workers has been welcomed. "These are big steps on the road to gender equity - and ...

Raiding super can worsen housing affordability: Research

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... has increased by about 7% per annum compared with average growth in full-time employee earnings of 3.8%, ASFA's Early release of superannuation for home purchase paper states. Those on lower incomes and therefore lower superannuation balances tend to ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... in their 80s and 90s," she said. "The Superannuation Guarantee going to 12% and there being no further widespread early release of superannuation, such as for housing deposits, will be crucial for future retirees to meet their living expenses, including ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
Australian taxpayers may face an $85 billion bill due to the COVID-era Early Release of Super scheme, according to a new analysis by the Super Members Council (SMC). Using the Superannuation, Pensions, and other Retirement OUTcomes (SPROUT) model, the ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The Australian Taxation Office is cracking down on illegal early access to SMSF money, particularly targeting new entrants to the sector who are the main culprits. New analysis from the tax office released at the SMSF Association National Conference ...