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Showing 1 - 6 of 6 results for "Preservation rules"

Relaxed superannuation preservation rules will sink returns: Frontier

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
A Frontier report, commissioned by the Super Members Council, has argued that current preservation rules provide super funds with the flexibility to invest in unlisted assets, and warned that permanently relaxing these rules will decrease long-term ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... taxpayers in a case of fiscal long-COVID. "These are the devastating consequences of schemes that break super's preservation rules," she said. "People are left with far less money at retirement, and the next generation - our children and grandchildren ...

Objective will not achieve any real purpose: IFPA

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... Panagis said. If access to superannuation is deemed "too easy," the sole purpose test could be revised to tighten preservation rules, she added. Further, Panagis argued that creating an objective without considering the three key pillars of the retirement ...

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
... under 35 years old. "The findings are a stark warning against changes that seek to make permanent or relax preservation rules, which are there to protect and grow workers' retirement savings by supporting long-term investments that generate good returns ...

Choice of super fund won't always work: REST

DARREN SNYDER  |  FRIDAY, 8 JAN 2016
... working in their first job. These members tend not to exercise choice and tend to be disengaged given that the preservation rules mean that access to their super is many decades away," the submission said. Speaking at press conference in Hobart yesterday ...

Expats lose out on super

... an individual could face up to a 55 per cent penalty tax rate if the fund transfer breaks the UK's pension preservation rules. Individuals from the US also face similar penalties and tax costs. But to put it in perspective, the majority of foreign workers ...
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