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Showing 51 - 60 of 107 results for "lost super"

Lost super costs young Aussies thousands

DARREN SNYDER  |  MONDAY, 19 OCT 2015
... months' worth of super for someone on average weekly earnings. Rainmaker Information suggests that $2.75 billion in lost super equates to 3.4% of Australia's total employer contributions collected by APRA-regulated funds. "It is really important that ...

CBA dangles carrot to roll customers into Essential Super

MARK SMITH  |  FRIDAY, 13 FEB 2015
Commonwealth Bank (CBA) is incentivising its banking customers to roll their lost super accounts into its Essential Super product by offering them the chance to win one of 10 $500 vouchers for Coles and Myer. The bank is writing to customers to let ...

FSC denounces lost super threshold rise

JAMES FERNYHOUGH  |  MONDAY, 5 AUG 2013
The Financial Services Council (FSC) has denounced the government's plan to raise the threshold at which inactive superannuation account balances can be transferred to the Australian Taxation Office (ATO). Currently, inactive account balances of under ...

Pro bono advice on rise amid regulatory change

LAURA MILLAN  |  FRIDAY, 2 AUG 2013
... O'Leary deals with a maximum of two pro bono cases per month. "These are time consuming cases because you are often after lost super or life insurance. We deal with people who are terminally ill, so we have to deal with it as we can," he said. O'Leary ...

Workers should track down super when changing jobs

LAURA MILLAN  |  MONDAY, 15 JUL 2013
... contributions from the new employer go to the existing fund, people could end up with two funds." A recent Westpac Lost Super Report showed that there is $18.1 billion in forgotten super funds. "Often super funds offer a free service to members to help ...

Australians missing $18 billion in lost super

JAMES FERNYHOUGH  |  THURSDAY, 13 JUN 2013
Australians' are losing out on $18.1 billion worth of super, according to Westpac's Lost Super Report which was released this morning. The report, which was launched at the 'Lost Super Wheel' at Customs house in Sydney's CBD, also showed that almost ...

SuperStream data standards superficial

ALEX DUNNIN  |  TUESDAY, 21 MAY 2013
... consistent, reliable electronic method of transacting linked data and payments for superannuation payments such as rollovers, lost super transfers and contributions processing. But the SGP said: "In the absence of detailed operational standards and rules ...

Government announces key super reforms

LAURA MILLAN  |  FRIDAY, 5 APR 2013
Australians with superannuation balances over $2 million dollars face losing key tax concessions, Treasurer Wayne Swan and Financial Services and Superannuation Minister Bill Shorten announced this morning. Starting July 1, 2014, all new earnings on ...

Lost super deadline closes in

ALEX DUNNIN  |  TUESDAY, 5 MAR 2013
... Office is reminding superannuation funds they have less than three months before the 31 May deadline to transfer certain lost super accounts to the Australian Taxation Office. Lost super under the requirements are defined as accounts that have not received ...

ATO upgrades SMSF and SuperSeeker website

ALEX DUNNIN  |  TUESDAY, 26 FEB 2013
... almost 2,000 people per day who are using it to reclaim a daily estimate of $8.8 million. It resulted in the amount of lost super declining by $3.2 billion last year, the first time the amount has fallen in several years. The number of lost super accounts ...