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Showing 1 - 10 of 100+ results for "Early Release of Super"

Industry pans early release superannuation policy

ANDREW MCKEAN  |  MONDAY, 16 MAY 2022
... report published in March 2021, ASFA found that none of the reviews of superannuation have recommended the early release of super for housing deposits. This same report showed that the early release of superannuation for housing deposits was fundamentally ...

Not enough Budget for women: Industry

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
... government to investigate the extent to which women were coerced into withdrawing their superannuation under the Early Release of Super scheme in 2020 and 2021. "This information is critical in informing future policy decisions and avoiding unintentionally ...

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... flows during 2021 netted $58.5 billion, reflecting a large increase that factors in the completion of the early release of super scheme withdrawals as well as growth in total contributions. Most APRA-regulated assets comprised MySuper products of $950.1 ...

Inflation hitting retiree budgets: ASFA

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
... low-income earners have been impacted by the acceleration of price increases, COVID-19 and policies such as the early release of super. "It is crucial that the government addresses the repair of people's retirement budgets as we start to see the ...

Members lean on super for financial hardships

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
Members continue to rely on their superannuation funds to access retirement savings based on compassionate grounds and in the event of financial hardship, APRA statistics show. Released overnight, APRA's June 2021 Superannuation Bulletin reveals ...

More work needed to end financial abuse

ELIZABETH MCARTHUR  |  MONDAY, 17 JAN 2022
As the federal government released its draft plan to end violence against women and children, the superannuation industry is calling for action on financial abuse and control. The Australian Institute of Superannuation Trustees (AIST) chief executive ...

Pandemic sees boom in voluntary super contributions

ELIZABETH MCARTHUR  |  THURSDAY, 6 JAN 2022
... 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 rates 15% behind ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... 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 retirement will ...

Adviser jailed for illegal super access

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
A former financial adviser was sentenced to jail for facilitating the illegal early access of clients' superannuation to the tune of $1.5 million. Victoria-based Ahmed Saad operated Saad Wealth Management between 10 April 2012 until 16 October 2017 ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
Latest analysis by Industry Super Australia shows about $5 billion in super went unpaid in the 2018-19 financial year, owed to about three million workers. On average, Australian workers lose about $1700 in superannuation each year, ISA said, amounting ...
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