News : Superannuation

Contributions, Superannuation

AIR welcomes increased super flexibility

budget superannuation retirees

The budget measures improving the ability for individuals to make contributions to their super funds has been praised by retirees.

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Pensions, Superannuation, Tax

Tax on pension reserves a concern

legacy pension reserves

The severity of the tax treatment of reserves associated with legacy pensions contained in this year’s budget is cause for concern.

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Superannuation

Budget soft campaign start for next election

budget election

The welcome changes to superannuation in this year’s federal budget make up part of the government’s soft campaign launch for the next election.

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Superannuation

Buried issues in super addressed by budget

The major changes announced in this year’s budget will address lingering issues in the superannuation system and allow people to seize back control over their contributions.

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Contributions, Superannuation

The downsizer and bring-forward rule collision

downsizer bring-forward

Reducing the eligible age for the downsizer measure could lead to complications with the interaction between it and other contribution thresholds.

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Superannuation

Necessary super changes welcomed

superannuation changes budget

The superannuation and retirement income sector has welcomed changes announced in the budget as necessary without being too disruptive.

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Contributions, Superannuation

Pre-budget announcements get early support

budget super announcements

Changes to the downsizer contribution scheme and work test, announced prior to tomorrow’s budget, will boost superannuation balances, according to an industry body.

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Documentation, Superannuation

Early TBA reporting needed in 2020/21

TBAR lodging

Annual transfer balance account reports should be lodged ahead of time for 2020/21 due to the introduction of indexation to the super system.

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Residential Property, Superannuation

Investment platform moves into property

RAIZ residential property

A mobile device-based investment platform has expanded into property after purchasing a small-scale super fund specialising in residential property.

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Superannuation

Early super release a great success

Early super release success

The decision that enabled Australians legitimate early access to superannuation as a response to COVID-19 has been described as a success.

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