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Showing 81 - 90 of 267 results for "Super Savings"

ERS emerges as tax loophole for expats

ALLY SELBY  |  FRIDAY, 29 MAY 2020
... 65% respectively. The government's early release scheme however, allows them to withdraw up to $10,000 from their super savings - tax-free. Eligible temporary residents need to have held a student visa for 12 months or more, be a skilled work visa holder ...

Super release widens gender gap: AMP

ALLY SELBY  |  FRIDAY, 29 MAY 2020
... early release scheme is widening the gender superannuation gap, as a higher proportion of women draw down on their super savings to weather the COVID-19 crisis. The analysis, coming out of AMP, found that 21% of women were withdrawing their starting ...

Top adviser queries revealed

ALLY SELBY  |  THURSDAY, 30 APR 2020
... different situations has been incredibly important." Market volatility may have seen a significant drop in member's super savings, Day said, so members need to ensure they have sufficient funds to draw down on. "Depending on a fund's reporting ...

Super fund temporarily cuts fees

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... and existing members who find themselves jobless as a result of the COVID-19 pandemic. In an effort to protect the super savings of its members, FairVine Super has launched the FairGo initiative, which sees the fund slash fees for the rest of the year ...

Super funds must prioritise liquidity: Regulators

HARRISON WORLEY  |  WEDNESDAY, 1 APR 2020
... with the regulators in ensuring they have the necessary liquidity to meet their obligations to release members' super savings early. According to the regulators, trustees should undertake regular liquidity stress testing, using scenarios which reflect ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... Early Release Scheme (ERS), which will see eligible Australian's allowed to withdraw up to $10,000 from their super savings this financial year and next, to help nurse them through the economic impacts of the COVID-19 pandemic. The Senator pointed ...

Super fund warns self-employed of early release risks

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... if they are left unemployed as a result of COVID-19. ASFA research shows that 20% of self-employed people have no super savings at all and retire with 50% less super than those who are not self-employed. That same ASFA research found that the average ...

Super funds raise scam concerns

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
... Scheerlinck pointing out unscrupulous operators were already doing what they could to de-fraud Aussies of their super savings. "Unfortunately, as we've seen before with any early release super measure, there are unscrupulous operators who take advantage ...

NZ blacklists fossil fuels from super

ALLY SELBY  |  MONDAY, 2 MAR 2020
... retirement they want." Climate Change Minister James Shaw argued previous governments had allowed New Zealanders' super savings to contribute to the climate crisis. "No New Zealander should have to worry about whether their retirement savings are causing ...

Retirement review goes off the rails

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
... in part by past and future superannuation contributions of members. The new system would see members split their super savings into two pools - a defined benefit scheme and a defined contribution scheme, creating a hybrid system. BetaShares senior investment ...