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Showing 1 - 10 of 62 results for "SG contributions"

TelstraSuper sweetens parental leave policy

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... thereafter. Now, when an employee returns from parental leave on a part-time basis, they will receive full-time SG contributions for two years. The fund modelled the impact such a measure could have on a super balance at retirement and found that an ...

Consultation paper released on aligning super payments with wages

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
... said that aligning superannuation payments with wages ensures employees have clearer visibility over correct SG contributions. This adjustment not only offers employees extended time in the fund, amplifying the benefits of compounding returns, but also ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
... aged care homes and hospitals. Subsequently, KPMG said incentivising informal caregiving through the addition of SG contributions, could lead to considerable net budgetary savings. Additional savings could also emerge from a reduction of Age Pension ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
... previously noted that the growing prominence of gig economy jobs could lead to a lesser number of jobs that provide SG contributions. Consequently, resulting in lower or potentially no contributions for affected workers, leading to a diminished super ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... directly benefit from this change, including by unlocking the power of compounding interest returns on more frequent SG contributions. "The change will make it easier for members to track the contributions received into their superannuation account and ...

Stop penalising women: HESTA

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
... second tax bracket, link the amount to the SG rate and introduce an additional annual payment equal to 15% of SG contributions for those who earn below the effective tax-free threshold," HESTA said. HESTA explained the second recommended change is so ...

Active Super enhances parental leave policy

JAMIE WILLIAMSON  |  TUESDAY, 26 APR 2022
... entitlements. In an effort to help bridge the gender super gap, the industry fund will pay primary caregivers SG contributions for up to 12 months on paid and unpaid parental leave. It will also extend parental leave entitlements for primary caregivers ...

$450 super threshold scrapped

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... super, which leaves them more vulnerable to poverty as they age," she said. The next step is to further lobby for SG contributions to continue while on parental leave. The removal of the threshold was contained in Treasury Laws Amendment (Enhancing Superannuation ...

Poor financial literacy failing young workers

KARREN VERGARA  |  TUESDAY, 25 MAY 2021
... employers should be contributing to their super. Incidentally, this cohort do no know if they are receiving the right SG contributions. Only a minority (10%) make extra contributions. In terms of life insurance, less than half (42%) would consider insurance ...

Super funds slam budget's super gap measures

KANIKA SOOD  |  WEDNESDAY, 12 MAY 2021
... included five key decisions on superannuation. These were abolishing the $450 per month income threshold to receive SG contributions, abolishing the work test for voluntary super contributions for 67 to 74 year-olds, lowering the downsizer contribution ...
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