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Showing 1 - 10 of 543 results for %22Super early release%22

Raiding super can worsen housing affordability: Research

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... savings. In Melbourne, prospective house buyers are similarly unable to raise the deposit for a house by accessing all their super. Conversely, a young Sydney couple with the median amount of superannuation would be more than $150,000 short for the deposit ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... ringfencing part of individuals' superannuation for aged care, which is entirely appropriate - given the true objective of super." She added the phase out of RADs will also lead retirees to have greater confidence to draw down on their super in retirement. ...

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 illegal early access relates to individuals who are entering the system with no genuine intent to run a self-managed super fund. Between 2019 and 2020, some $381 million of super was illegally accessed. For the 2020-21 period, SMSFs lost about $255 ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
Next week, self-managed super fund professionals can leverage what APRA-regulated funds are excelling in as well as learn about critical issues affecting the sector from a suite of experts, according to the SMSF Association (SMSFA). Heffron SMSF Solutions ...

Super fund satisfaction improves: Roy Morgan

CHLOE WALKER  |  WEDNESDAY, 24 JAN 2024
... satisfaction with their superannuation fund is improving, Roy Morgan data shows. Fresh findings from the research house saw super fund awarded a rating of 69.5% in November 2023, an increase of 0.9% from the last reported results in July 2023. The Roy ...

Taskforce unveils recommendations for economic equality

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... $168,000, compared to $208,200 for men in the 2019-20 financial year, the taskforce is pushing for the government to legislate super on parental leave as an immediate point of action. The superannuation gap between men and women sits at about 23% at ...

Consultation paper released on aligning super payments with wages

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
... consultation paper also seeks feedback on how employee onboarding and their choice of fund could be improved under payday super. In the 2023-24 Budget, the government announced that from 1 July 2026, employers will be mandated to pay Superannuation Guarantee ...

AMG Super terminates MySuper offer

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
AMG Super is getting out of MySuper as its product fails the Your Future, 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 ...

Super funds taking on the climate crisis

ANDREW MCKEAN  |  WEDNESDAY, 30 AUG 2023
... for those climate-related investments," she said. Supporting these initiatives is a robust work program designed to guide super funds in creating and implementing comprehensive roadmaps that address not only transition risks but also physical risks. ...
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