News : Superannuation

Superannuation

SMSF balances highlight need for TBC

SMSFs transfer balance cap

SMSFs drawing high levels of tax free income in the past have been held up by a superannuation body as a reason for the introduction of the transfer balance cap in 2017.

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Superannuation

SMSF establishments to rise again

SMSF establishments rise

After suffering a slight decline in recent years, SMSF establishments look to be on the rise again, according to the latest research into the sector.

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Retirement, Superannuation

Think tank sparks war of words on SG rise

increase superannuation guarantee rate

Superannuation industry groups have reacted strongly to independent modelling that claims an increase in the SG rate would hit wages and make no difference to retirement incomes.

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Superannuation

SG increase would benefit more than retirees

Superannuation guarantee increase

A superannuation guarantee increase would be a good thing for Australia, but a new metric is needed to better measure the potential benefits.

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Retirement, Superannuation

Deeming rate gap eroding retiree capital

deeming rate gap

The erosion of pensioner capital can be a direct result of the difference between deeming rates and the official interest rate, but a solution to the problem is available.

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Superannuation

Campaign launched to better define super objective

superannuation; objective; campaign

SuperConcepts is spearheading a campaign encouraging Australians to contribute to defining the purpose of the superannuation system.

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Regulation, Superannuation

Government committed to aiding SMSF sector

Jane Hume; SMSF; audit cycle

The newly returned coalition government has confirmed its commitment to helping the SMSF sector succeed but has not revealed its plans for the three year audit cycle.

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Superannuation

SMSF sector better for economy than industry funds

The rapid growth of the SMSF sector is proof of its potential to outshine industry super funds, an SMSF expert says.

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Pensions, Retirement, Superannuation

Super growth reducing age pension drawdown

The growth of superannuation assets has resulted in less than half of new retirees drawing on the age pension last year, and only one-quarter accessing the full amount available to them.

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Superannuation, Tax

Super taxes won’t be reviewed

review: superannuation; retirement

The federal government has indicated the review it will conduct into the superannuation system will not examine the taxation of retirement benefits.

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