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Showing 71 - 80 of 468 results for "Superannuation guarantee"

Retirement officer roles critical in super funds

CHLOE WALKER  |  THURSDAY, 23 MAR 2023
... Bose said, the RIC has been a catalyst for that change. "In the past, the focus has really been on the superannuation guarantee and getting those balances there and built up at the point of retirement," she said. "But now we're seeing that shift ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
... 11% year on year. Employer contributions increased by 11.8% to $114.9 billion, likely supported by the Superannuation Guarantee increase to 10.5% as of 1 July 2022, together with the declining unemployment rate during the year, which sits at historically ...

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... Zealand, the UK, and the US. Conversely, Australia's superannuation system is maturing, with the superannuation guarantee (SG) contribution rate scheduled to reach 12% in 2025. "Australia's unique defined contribution (DC) super system is arguably ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... towards high-income earners. Proposed changes for improving fairness in the super tax system include paying Superannuation Guarantee (SG) contributions on government-paid parental leave, extending the Low Income Superannuation Tax Offset (LISTO), reducing ...

Super funds must unlock diversification opportunities: HSBC

ANDREW MCKEAN  |  TUESDAY, 31 JAN 2023
... APRA data shows that funds hold 45% of investments offshore, up from 30% a decade ago. As the mandatory Superannuation Guarantee rate is set to increase to 12% by 2025, Wheeler anticipates that this trend toward internationalisation will accelerate. ...

Strengths and weaknesses in DC systems: Comparison

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
... don't seem to like mandates, which has resulted in a lingering coverage deficit." Australia's superannuation guarantee has resulted in the standardisation of data and payments, increased efficiency in relations between employers and record-keepers ...

Super assets decline despite contributions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 23 NOV 2022
... dropped 3.8% to $887.4 billion. The increase in contributions was largely driven by the increase to the Superannuation Guarantee, but also by increased personal contributions which were up 17.2% over the year to $36.6 billion. Employer contributions ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... superannuation contributions on the government paid parental leave and broadening the coverage of the Superannuation Guarantee to gig workers."

KPMG proposes tax offset, reform to boost gender equality

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
... of the Sex Discrimination Act, KPMG reiterated two previous recommendations. These were the payment of Superannuation Guarantee contributions in the Commonwealth paid parental leave scheme and increasing the paid parental leave scheme to 26 weeks, with ...

Treasurer responds to dour inflation, growth

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... right. "We want to make sure that superannuation is being paid, we want to make sure we get to that 12% superannuation guarantee," he said. "At some point, I'd like to find a way to responsibly fund paying it on paid parental leave." Chalmers furthered ...