News : Superannuation

Superannuation, Tax

Allow members to reduce balance below $3m

superannuation balance reduce

The government should allow working super fund members with balances above $3 million to make tax-free withdrawals as part of its new super tax proposal.

read more
Superannuation

Govt to introduce payday super

Payday superannuation

The federal government will introduce a new measure that will require employers to pay superannuation contributions on payday from July 2026.

read more
Regulation, Superannuation, Tax

Ring-fence unrealised gains tax

Unrealised gains tax

The taxation of unrealised gains in superannuation should be ring-fenced to the proposed $3 million balance tax if the government presses ahead with its plans.

read more
Investments, SMSF, Superannuation

SMSF performance very strong

SMSF investment returns

The latest sector research has confirmed SMSF investment returns were comparable to those of APRA funds for the 2020 and 2021 financial years.

read more
Superannuation, Tax

FAAA wants soft cap fine-tuned

Financial Advice Association Australia

The FAAA has called for changes to the threshold and calculation method of the newly proposed $3 million soft cap on superannuation.

read more
ATO, Regulation, Superannuation

Work test anomaly addressed

Work test

An anomaly that arose from the most recent amendment to the work test has been rectified after the release of a new legislative instrument by the ATO.

read more
Superannuation

Cohort most affected by soft cap identified

Superannuation soft cap

The individuals who will feel the greatest impact from the proposed $3 million superannuation soft cap have been identified by industry research.

read more
SMSF, SMSFA, Superannuation

Soft cap discriminatory to SMSFs

Soft cap

The government has been accused of showing bias against SMSFs in its proposal to implement a $3 million soft cap on superannuation members.

read more
Superannuation

Super gender gap has shrunk in past decade

Gender gap

The superannuation gender gap continues to exist, but has shown significant improvement over the past 10 years.

read more
Superannuation, Tax

New super tax doesn’t promote fairness

Superannuation tax

IFPA has rejected claims the new tax on superannuation balances over $3 million will allow the system to achieve greater fairness and equity.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.