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Showing 1 - 10 of 21 results for "Superannuation account balances"

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... there's still plenty to be done to ensure positive retirement outcomes for all. ASFA's An update on superannuation account balances reveals that strong investment performance has boosted the sector but several inequalities remain. According to the report ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... withdraw the maximum allowable amount of $50,000. "As many 38-year-old CRA renters have low or zero superannuation account balances, the 20% sample was taken from the individuals with the highest superannuation balances. This composition was chosen as ...

Super on unpaid parental leave extended in Western Australia

ELIZA BAVIN  |  MONDAY, 11 MAR 2024
... parental leave, which can reduce their superannuation savings. Women at retirement age typically have superannuation account balances 25% lower than men. WA premier Roger Cook said he would like to see more private sector employers follow suit. "We know ...

Action on super gap slow, small

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
... workforce, the gender pay gap widens to 31.3%. The Australian Tax Office reports women's median superannuation account balances are 20.5% less than those of men at retirement age. The Association of Super Funds of Australia (ASFA) says the gap is larger ...

Govt reforms can tackle super gender gap: ASFA

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... substantially worse off," thus recommends no changes should be made. This will be reinforced by rising superannuation account balances at retirement as the compulsory system matures, but further tightening of the asset or income test could leave many ...

ASFA slams Grattan's super proposals

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
... substantially worse off," thus recommends no changes should be made. This will be reinforced by rising superannuation account balances at retirement as the compulsory system matures, but further tightening of the asset or income test could leave many ...

AustralianSuper launches insurance-free product

KARREN VERGARA  |  WEDNESDAY, 20 DEC 2017
AustralianSuper has launched a new product that will combat superannuation account balances eroding from insurance premiums. Super Only protects short-term workers' accounts employed under the Supported Employment Services Award. Disability supported ...

Super industry accepts group insurance needs work

DARREN SNYDER  |  THURSDAY, 9 MAR 2017
... super accounts. The group has listed several working priorities: 1) Reducing benefit erosion on superannuation account balances for members, including establishing the right level of automatic cover for young people and low-income earners 2) Reducing ...

MySuper competition heats up: Rainmaker

DARREN SNYDER  |  WEDNESDAY, 14 DEC 2016
... for 33% of all MySuper products but they account for three quarters of all bank-owned MySuper superannuation account balances. Rainmaker Information executive director of research, Alex Dunnin said banks are combining tech expertise with low fees to ...

Ending super gender gap needs collective approach

LAURA MILLAN  |  FRIDAY, 11 DEC 2015
... superannuation contributions for their female employees are some of Rice Warner's proposals. In its report 'Superannuation account balances by age and gender', the Association of Superannuation Funds of Australia (ASFA) said: "The data indicates that ...
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