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Showing 1 - 10 of 34 results for "SG rate"

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... federal budget. It's expected to cost about $250 million a year, based on previous estimates by Treasury when the SG rate was still 9.5%. Paying super on top of PPL has long been advocated for by the superannuation industry and unions and was a key ...

Stop penalising women: HESTA

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
... "First, extend the LISTO eligibility to those earning up to the top of the 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 ...

Super fund appoints ESG, listed equities lead

ELIZABETH FRY  |  FRIDAY, 28 JAN 2022
The newly merged LGIAsuper and Energy Super has promoted Fiona Mann to head of listed equities and ESG. In this unique role, Mann is responsible for the performance, construction, and continuous management of the global and Australian equities asset ...

Actuaries Institute releases retirement policy review

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... testing rules) to be the most appropriate rate, which is a contrast to Retirement Income Review's view of current SG rate being sufficient for most Australians and any increases depressing wages. The paper says workers who permanently retire from ...

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... Guarantee increases will double the number of Aussies reaching a comfortable standard of retirement. As of July 1, the SG rate will rise from 9.5% to 10% and ASFA showed the average Australian 30-year-old worker will have $19,000 more in their super ...

Employers should pay SG rise: ASFA

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... can afford to pay the increase of the Superannuation Guarantee without cutting the wages of employees. As of July 1, the SG rate will rise from 9.5% to 10% and ASFA argued the Australian economic recovery is fuelling business profits that its staff have ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
Allowing Australians to use their superannuation savings to buy property will push up house prices and worsen affordability for low-income earners, says ASFA. Liberal member of parliament Tim Wilson is currently campaigning to let Australians use their ...

Possible delay for SG rise: Hume

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
... services and the digital economy Jane Hume reiterated the findings of the Retirement Income Review whereby the current SG rate is more beneficial for Australians. "People who are currently in their working lives and contributing to superannuation by ...

Imbalance in generational retirement income: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... caps and increases in property values whereas younger Australians will end up contributing more to super with a higher SG rate. "Analysis suggests each successive generation will contribute more during their working life to fund retirees' income than ...

SG verdict: Choose your own adventure

KANIKA SOOD  |  FRIDAY, 20 NOV 2020
... incomes, giving them "higher living standard in working life". "If people efficiently use their assets, then with the SG rate remaining at 9.5%, most could achieve adequate retirement incomes when combined with the Age Pension....Maintaining the SG rate ...
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