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Showing 1 - 10 of 30 results for "Military Superannuation"

Aussie veterans front Senate over underpaid pensions

ELIZA BAVIN | THURSDAY, 19 FEB 2026

... changes to the indexation methodology for this scheme following the recommendations of the Review into Military Superannuation Arrangements. As at August 2024, there was about 3000 serving defence force personnel remaining in the scheme.

Increases coming for veterans' superannuation

ELIZA BAVIN | THURSDAY, 18 DEC 2025

... years to 2028-29. It said this is largely due to the revised valuation of the unfunded liability for the military superannuation schemes by the Australian Government Actuary. The amount of money being spent on the Age Pension is also expected to increase. ...

Chalmers flags pension, super spending in Budget update

ELIZA BAVIN | TUESDAY, 16 DEC 2025

... show... an extra $3 billion more in support for seniors on the Age Pension, an extra $2.1 billion more for military superannuation schemes, an extra $2 billion for veterans, and more," Chalmers said. "We take our responsibilities to veterans and older ...

Super funds break records, inactive accounts balloon

KARREN VERGARA | WEDNESDAY, 10 SEP 2025

... assets and nearly 1.9 million members. Government funds - the Public Sector Superannuation Scheme and Military Superannuation & Benefits Fund No 1 - have the highest median account balance of $545,808 and $525,461 respectively. Retail superannuation ...

APRA dissects retirement products for the first time

KARREN VERGARA | FRIDAY, 27 JUN 2025

... Scheme and CSS Fund boast the largest median account balances of $542,245 and $531,839 respectively. The Military Superannuation & Benefits Fund No 1 has a median balance of $526,404. In fourth place, retail fund the Rexel Australia Superannuation Plan ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON | TUESDAY, 9 MAY 2023

... veterans' invalidity pension payments in the Defence Force Retirement and Death Benefits (DFRDB) and Military Superannuation benefits (MSB) schemes are super lump sums for income tax purposes rather than superannuation income stream benefits. The ...

Government moves to amend military super benefits tax

ANDREW MCKEAN | TUESDAY, 26 JUL 2022

... certain veterans' invalidity pension payments in the Defence Force Retirement and Death Benefits (DFRDB) and Military Superannuation benefits (MSB) schemes are super lump sums for income tax purposes rather than superannuation income stream benefits. ...

CSC turns 100 years old

KARREN VERGARA | TUESDAY, 1 MAR 2022

... Accumulation Plan (PSSap). In 2011, Parliament passed new laws overhauling the Commonwealth's public service and military superannuation schemes. The Australian Reward Investment Alliance (ARIA) and Military Trustee Boards then merged to become the CSC. ...

Public super fund rejigs offering

KANIKA SOOD | WEDNESDAY, 17 JUN 2020

... July 2016 and applied to those joining the ADF from 1 July 2016, and serving and returning members of the Military Superannuation and Benefits Scheme who chose to join the new scheme. The measures to allow discharged ADF Super members to stay with the ...

Commonwealth Super mulls platform changes

KANIKA SOOD | MONDAY, 13 JAN 2020

... have active contributors: Commonwealth Superannuation Scheme (CSS), Public Sector Superannuation Scheme, Military Superannuation and Benefits Scheme, and the Defence Force Retirement and Death Benefits (DFRDB). It is also responsible for pension payments ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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