News : Superannuation

Superannuation, Tax

Super fund mergers granted permanent tax relief

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Super funds looking to merge will be granted tax relief on a permanent basis from the next financial year.

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Investments, Superannuation, Tax

Government super taxes hit by share buy-backs

Taxes collected by the government from superannuation funds are expected to dip as a result of recent off-market share buy-backs.

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ASIC, Education, Superannuation

Super complaints, consumers given funding boost

The government will investigate the creation of an advocacy body for superannuation consumers, while providing funding to deal with unresolved complaints.

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Superannuation

Contributions amendments get industry body support

The Financial Services Council (FSC) has strongly supported the changes to the contributions rules announced yesterday aimed at helping Australians nearing retirement boost their superannuation savings. Commenting on the development, FSC chief executive Sally Loane said: “The changes to extend access to the work test exemption, spouse contributions and bring-forward arrangements will provide workers nearing […]

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Retirement, Superannuation

Govt dilutes Work Test and extends bring-forward rule

Ahead of tomorrow’s Federal Budget, the Government has announced changes to super pitched at new retirees.

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Superannuation, Tax

Franking credits refund ban to still begin from 1 July

tax impact; franking credits

The abolition of franking credit refunds would begin from 1 July 2019 under a Labor Government, regardless of whether the required legislation was passed.

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Superannuation

Attacks on SMSFs ignore behavioural fundamentals

An online investment marketplace provider has stated the appeal of SMSFs to fundamental elements of human behaviour is being ignored in the arguments against them.

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Superannuation, Tax

Franking credit removal will create two SMSF classes

The removal of franking credit refunds will divide SMSFs into two classes based on which funds are able to continue to claim them into the future.

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Retirement, Superannuation

ASFA calls for SG rise from this year onward

ASFA has called for the SG rate to begin moving to 12 per cent after this year’s budget if there are indications of a future surplus.

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Superannuation

Senate Committee divided on bill to lift SMSF member limit

A proposal to allow SMSFs to have six members has received support from a Senate committee despite calls from its ALP members to block the move.

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