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Showing 51 - 60 of 455 results for %22Early Release of Superannuation%22

Members lean on super for financial hardships

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
... retirement savings because of financial hardship spiked in June 2020, thanks to government incentives such as the Early Release of Superannuation Scheme, reaching $826 million. The following financial year, some $658 million was released based on financial ...

More work needed to end financial abuse

ELIZABETH MCARTHUR  |  MONDAY, 17 JAN 2022
... Scheerlinck said. "The impact of coercive control in a violent relationship was starkly demonstrated in 2020 in the early release of superannuation scheme, with many women being coerced into accessing their super or having it fraudulently accessed by ...

Pandemic sees boom in voluntary super contributions

ELIZABETH MCARTHUR  |  THURSDAY, 6 JAN 2022
... September 2021 on average, compared to the same period in 2019. However, those who withdrew money under the government's early release of super (ERS) program early in the pandemic are still lagging. This group of individuals had voluntary contribution ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... schedule for increasing the super guarantee to 12% by 2025; and finally, ruling out relaxation of existing rules for early release of super. "Sticking with the foundations, like the plan to increase the super guarantee to 12% and preserving super for ...

Adviser jailed for illegal super access

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... Sarah Court said: "The sentence imposed demonstrates the seriousness of this misconduct." "Facilitating the unlawful early release of superannuation can lead to the erosion of people's super balances, which has the potential to lead to long-term ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... (40%) or hospitality. Younger workers were also the cohort most likely to withdraw from their accounts under the Early Release of Superannuation scheme last year, with 82% of those who did being under 35 years of age. About 1.7 million men and 1.3 million ...

Australian corporate bond overhaul

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... entities that are already subject to continuous disclosure requirements. Amendments to relevant regulations to allow for the early redemption of simple corporate bonds to enable issuers to refinance bonds prior to their maturity date. ASIC to review ...

AMP reports mixed quarter

JAMIE WILLIAMSON  |  THURSDAY, 21 OCT 2021
... pension payments and were down on the corresponding period's $1.8 billion which included about $700 million in early release of super payments. Still, wealth management assets under management stayed steady throughout the quarter at $131.2 billion ...

Advisers query super changes

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... enquiries from advisers in the September quarter and the most asked question was in relation to re-contributing early release of super payments. Clients who had accessed their superannuation through the early release of superannuation (ERS) program may ...

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
Those who took advantage of the government's early release of superannuation (ERS) program, due to loss of income during the pandemic, can put the money back in their account without incurring a tax penalty. The Australian Taxation Office confirmed ...