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Showing 81 - 90 of 270 results for "Super Savings"

Super to lose $3tn by 2040

JAMIE WILLIAMSON  |  FRIDAY, 24 JUL 2020
... occur over the next two decades include the increased dominance of the not-for-profit super sector and the amount of super savings attributable to retirees continuing to rise. "The contracting role of retail offerings in proportional terms is a transition ...

Early release of super extended

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 23 JUL 2020
... Originally, the program was set to end on 24 September 2020. Now, people will be able to apply for up to $10,000 of their super savings until 31 December 2020. In a press conference, Treasurer Josh Frydenberg confirmed the extension would go ahead. The ...

SG does wonders for households: Research

JAMIE WILLIAMSON  |  MONDAY, 29 JUN 2020
... pension systems of other advanced economies. Touching on recent arguments surrounding the hit taken by Australia's super savings during COVID-19, ASFA reinforces the long-term nature of super, saying that while the ASX S&P200 fell 37% in the four weeks ...

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 ...