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Search ResultsShowing 1 - 10 of 55 results for "Early Release of Superannuation"
NSW pocketed $10bn from ERS
KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
More than one million New South Wales residents took advantage of the early release of superannuation scheme, withdrawing $10 billion, new analysis shows. Industry Super Australia looked at the popularity of the ER S scheme across suburbs and found ...
Platforms start to shake ERS impact
KANIKA SOOD  |  FRIDAY, 15 JAN 2021
Platform inflows are returning to normal as the impact of government's early release of superannuation starts to wear off, according to Credit Suisse. In the September quarter, platforms reported $1.9 billion in outflows. However, if you exclude $3.9 ...
What you read in 2020
JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... 12. 6. ATO to verify early release requests (March 31) Senator Jane Hume confirmed ahead of the early release of superannuation scheme opening that the ATO would be responsible for verifying member requests before requesting super funds release the funds ...
COVID-19 lockdown swells financial stress
ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
... respectively. One in three members of AMP superannuation who work in hospitality applied for the early release of superannuation scheme, which is the most of any industry recorded. "Our industry also has an important role to play in helping those Australians ...
Aussies continue to drain super
ELIZA BAVIN  |  MONDAY, 12 OCT 2020
Over the week to September 27, a further 36,000 applications were received by funds for the Early Release of Superannuation (ERS) scheme. Of the 36,000 applications 22,000 were first-timers and 14,000 were repeat applications. Initial applications total ...
MySuper funds face new test, member bans
KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... extension, Retirement income review, CIPRs, Eligible Rollover Funds The budget did not extend the early release of superannuation (ERS) scheme past 31 December 2020. Adjusted drawdown rates for account-based pensions were also left untouched. There was ...
ASIC extends advice, capital raising provisions
ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
ASIC has extended the relief to financial advice that relates to the early release of superannuation scheme as well as certain capital raisings due to the uncertainty of the pandemic. The corporate regulator has extended the capped advice fees regarding ...
ERS tab hits $33.3bn
ALLY SELBY  |  MONDAY, 21 SEP 2020
The government's early release of superannuation scheme has paid out $33.3 billion since its inception, with an additional $340 million disbursed over the week to September 13 alone. During the week to September 13, super funds received 42,199 applications ...
Legalsuper appoints executive, increases premiums
JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... Protecting Your Super and Putting Members Interests First legislative changes. The fund also cites the Early Release of Superannuation scheme as a driver, with APRA stats out today showing legalsuper has paid about $50 million out under the scheme through ...
ERS to lead to rising pension costs, higher taxes
ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
Industry Super Australia has slammed the government's early release of superannuation scheme, arguing it will significantly increase the long-term Age Pension costs borne by taxpayers. Total retirement incomes will be substantially lower, it said, while ...
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