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Showing 1 - 10 of 100+ results for "Superannuation Guarantee"

MySuper performance soars

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
... contributed into their superannuation accounts through the year, six-times the amount of all the compulsory Superannuation Guarantee contributions or 17-times what was paid in fees." Cbus highlighted this week that its MySuper financial year returns ...

SG rise to benefit 6.7m Australians: ISA

KANIKA SOOD  |  FRIDAY, 2 JUL 2021
The new superannuation guarantee rate of 10% will benefit 6.7 million workers, with the younger and lower-income Australians to benefit the most, according to Industry Super Australia. ISA says the average worker will contribute $233 a year extra to ...

Millennials to reap super reform rewards

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
... in retirement, according to Colonial First State. Analysis from the institution shows increases to the superannuation guarantee will boost a 35-year-old's super balance by $86,000. If they were to also take full advantage of July 1 changes to the concessional ...

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
The latest figures from the Association of Superannuation Funds of Australia (ASFA) show the Superannuation Guarantee increases will double the number of Aussies reaching a comfortable standard of retirement. As of July 1, the SG rate will rise from ...

Employers should pay SG rise: ASFA

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... Association of Superannuation Funds of Australia (ASFA) showed businesses 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 ...

Poor financial literacy failing young workers

KARREN VERGARA  |  TUESDAY, 25 MAY 2021
... do not know how to calculate interest on investments. One in four young workers do not know what the Superannuation Guarantee is and how much their employers should be contributing to their super. Incidentally, this cohort do no know if they are receiving ...

Aussies regret ERS withdrawals: AIST poll

KANIKA SOOD  |  TUESDAY, 18 MAY 2021
... Scheerlinck's speech also called attention to four other areas of change in superannuation: the increase of the superannuation guarantee to 12%, the gender super gap, Treasury's proposed changes to proxy voting, and the Your Future, Your Super ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... years of lobbying, the threshold that requires workers to earn a minimum of $450 a month to be paid the superannuation guarantee has been axed. It's expected to improve the financial situation of around 200,000 women. It's a move that is sure ...

$450 SG threshold axed

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
The longstanding requirement for workers to earn more than $450 a month to be entitled to the superannuation guarantee has been scrapped. In a move that would benefit more than 200,000 women, the need for Aussies to earn more than $450 a month in order ...

Rest offers extra parental leave

KARREN VERGARA  |  TUESDAY, 11 MAY 2021
... strengthens the foundations for performance and decision making. Some 60% of Rest's membership are women. Superannuation Guarantee contributions has been a key feature of Rest's parental leave offering since July 2016, Doyle said. "Paying super ...
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