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Showing 61 - 70 of 215 results for "Early Release of Super"

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
As we farewell a year that many will be glad to see the back of, check out Financial Standard 's most read stories for 2020. The COVID-19 pandemic underscores the majority of this year's most widely read stories, as unprecedented shutdowns and ...

Household wealth hits record high

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... reversing some of the damage that has been done by those who removed their retirement savings through the early release of super scheme. Average household wealth increased 1.6% (up $6850) to $441,649 per person in the September quarter. The ABS said ...

COVID-19 lockdown swells financial stress

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
New research reveals there is high correlation with COVID impacted industries and early super release applicants. AMP's latest research on financial stress found the two of industries most impacted by COVID-19, hospitality and retail, have the most ...

ERS costs big super funds

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
As applications for the early release of super (ERS) scheme slow down, the nation's biggest funds have taken the brunt of the payments. Of the $36 billion paid out so far, the 10 funds with the highest number of applications received from the ATO have ...

Super sneaks back to $3tn in assets

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... September 2020 quarter, according to the latest statistics from APRA. Despite the effects of the government's early release of super scheme, coupled with market volatility and a sharp economic downturn, the super system has staged a comeback. Total contributions ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... once again, they're laying the groundwork for another backflip." He also pointed out that thanks to the early release of super program the government bought in to allow people to access their retirement savings to get them through COVID-19, 600,000 Australians ...

Australians drain $35bn from super

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
Around $35 billion has been removed from Australians retirement savings as the governments' early release of super (ERS) scheme edges towards its close. Having opened in April this year in response to the immediate effects of the COVID-19 lockdown ...

ATO prepares for end of ERS

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
... Australian Taxation Office (ATO) has announced the end of year shutdown and program closure arrangements for the early release of super (ERS) scheme. Since April 3.3 million Australians have taken over $34 billion out of their retirement savings through ...

IOOF appoints executive, continues growth push

ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
... executive Renato Mota said the broad ranging impacts of COVID-19 continued to affect flows, especially with the early release of super (ERS) scheme. "However, our scale, economic diversity and business strength contributed to the maintenance of a steady ...

Ask and you shall receive

ELIZA BAVIN  |  MONDAY, 26 OCT 2020
The latest APRA data for the government's Early Release of Super (ERS) reveals that 98% of applications received by the Australian Taxation Office (ATO) have been paid out by funds. The prudential regulator said that as at October 18, 98% of the applications ...