Individuals tend to overestimate the level of savings they need to fund a comfortable retirement, a senior financial adviser has said.

Legitimate contributions to super funds from individuals who have accessed their retirement savings early to alleviate COVID-19 financial hardship will face greater ATO scrutiny, a technical expert has said.

The government’s early release super scheme will cost future generations over $100 billion and has undermined the importance of Australia’s superannuation system, BetaShares says.

The lack of alignment between changes to the work test for voluntary concessional contributions and superannuation preservation age has created a gap where those in the first stages of retirement may be able to make super recontributions unavailable to them before age 65. Heffron managing director Meg Heffron said if bring-forward contribution rule changes currently […]