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Search ResultsShowing 1 - 10 of 100+ results for "Super guarantee"
Challenges abound as super poises for COVID-19 recovery
ALLY SELBY  |  TUESDAY, 30 JUN 2020
... economic recovery ahead. In particular, industry fund chief executives pushed for the now legislated increase to the super guarantee (SG) to continue full steam ahead, despite pressure from a coalition of backbenchers to freeze or dump the increase in ...
ISA responds to calls for SG freeze
JAMIE WILLIAMSON  |  MONDAY, 22 JUN 2020
Industry Super Australia has labeled a band of MPs "out of touch", after they called for increases to the super guarantee to be put on ice or scrapped completely. Backbench coalition MPs have called for the legislated increase to the SG to be scrapped ...
ISA plays devil's advocate on SG
HARRISON WORLEY  |  MONDAY, 15 JUN 2020
... around 38% or Australian workers in 2018 - appeared to show there is no one-to-one relationship with wages and the super guarantee, quashing arguments that an increase in mandated savings would ultimately result in a wage reduction to the same effect. ...
Grattan calls for lower super fees
HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... better-performing super funds, would boost retirement incomes "by more than other policies, including raising the super guarantee to 12%". According to Grattan, Australia's $30 billion annual super fee bill - which it pointed out is around 2% of national ...
ISA takes swipe at Grattan
ELIZA BAVIN  |  THURSDAY, 27 FEB 2020
Industry Super Australia (ISA) claims an increase in the super guarantee to 12% will increase consumption at a whole adult life level, as it takes a swipe at alternate modelling. In its submission to the Retirement Income Review (RIR), ISA said its ...
Higher super contributions make Aussies feel safer
HARRISON WORLEY  |  TUESDAY, 25 FEB 2020
... annual household income into their super fund, meaning that an additional contribution of 1.5% p.a. above the super guarantee level contributes significantly to their peace of mind. "Even among lower income households, a slight increase in super contribution ...
SG increase will hurt women: NFAW
ELIZA BAVIN  |  MONDAY, 24 FEB 2020
The National Foundation for Australian Women (NFAW) said increasing the super guarantee will hurt women and the age pension should remain a strong element of the retirement income system. In its submission to the Treasury the NFAW said the superannuation ...
SMSFs interrupted in 2019: SuperConcepts
ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... did pass in 2019, Treasury Laws Amendment Bill 2019 was passed into law on 2 October 2019. This introduces the Super Guarantee opt-out which allows workers with multiple employers to opt-out by applying for an employer shortfall exemption certificate ...
Industry butt heads over super guarantee
ALLY SELBY  |  THURSDAY, 13 FEB 2020
Superannuation industry professionals are going head to head over Australia's super guarantee system, yet all agree it's time for an upheaval. In a submission to the Treasury's Retirement Income Review Panel, the Actuaries Institute called for universal ...
ISA reaffirms stance on super guarantee
ELIZA BAVIN  |  TUESDAY, 4 FEB 2020
... person," ISA said. "For an average 30-year-old couple working full time, detailed modelling shows cutting the super guarantee increase would deprive them of up to $200,000 in super by the time they retire." ISA argued that pressure on the pension would ...
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