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Showing 1 - 10 of 543 results for %22Early Release Super%22

Raiding super can worsen housing affordability: Research

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... has increased by about 7% per annum compared with average growth in full-time employee earnings of 3.8%, ASFA's Early release of superannuation for home purchase paper states. Those on lower incomes and therefore lower superannuation balances tend to ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... in their 80s and 90s," she said. "The Superannuation Guarantee going to 12% and there being no further widespread early release of superannuation, such as for housing deposits, will be crucial for future retirees to meet their living expenses, including ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
Australian taxpayers may face an $85 billion bill due to the COVID-era Early Release of Super scheme, according to a new analysis by the Super Members Council (SMC). Using the Superannuation, Pensions, and other Retirement OUTcomes (SPROUT) model, the ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The Australian Taxation Office is cracking down on illegal early access to SMSF money, particularly targeting new entrants to the sector who are the main culprits. New analysis from the tax office released at the SMSF Association National Conference ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... Heffron said this includes the Australian Taxation Office's (ATO) focus on disqualifying people and illegal early release. "I'm hoping we don't see anything too draconian, but it will be entirely reasonable if that really is on the rise and ...

Super fund satisfaction improves: Roy Morgan

CHLOE WALKER  |  WEDNESDAY, 24 JAN 2024
... from 2007. It is also higher than at any time prior to the pandemic, which saw record high satisfaction amid the Early Release of Super scheme. Roy Morgan chief executive Michele Levine said the improvement in recent months has been driven by impressive ...

Taskforce unveils recommendations for economic equality

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... this involves abolishing the Child Care Subsidy Activity Test, and investing in universal, high-quality, and affordable early childhood education and care. Another recommendation the WEET suggests is to extend "the Paid Parental Leave (PPL) scheme by ...

Consultation paper released on aligning super payments with wages

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
... extended time in the fund, amplifying the benefits of compounding returns, but also bolsters the ATO's capabilities for early detection of discrepancies, increasing the likelihood of timely compliance actions to recover unpaid SG. It's estimated ...

AMG Super terminates MySuper offer

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... Your Super performance test for a third time. AMG Super has announced to members that it will close its MySuper product early next year. The notice was issued to members on August 25. Five days later, APRA notified AMG Super it had failed the performance ...

Super funds taking on the climate crisis

ANDREW MCKEAN  |  WEDNESDAY, 30 AUG 2023
... in physical locations, making it easier to evaluate the impacts of weather-related events. While the fund is still in the early stages of developing its resilience strategies, they're actively working to understand how both transition and physical risks ...
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