Superannuation

By Leith van Onselen The former Gillard Labor Government had originally legislated for the superannuation guarantee (i.e. compulsory superannuation contributions) to rise to 12% in 2019.

By Leith van Onselen The former Gillard Labor Government had originally legislated for the superannuation guarantee (i.e. compulsory superannuation contributions) to rise to 12% in 2019.

By Leith van Onselen It appears the Labor Party is still considering speeding up the timetable for lifting Australia’s superannuation guarantee (i.e. compulsory superannuation contributions) from the current date of 2025 : Revenue and Financial Services Minister Kelly O’Dwyer warned Labor against meddling with the current trajectory in an environment of flat wages growth.

By Leith van Onselen Industry Super Australia’s Matt Linden says Labor’s revised policy on cash refunds for excess dividend imputation credits is fairer and will primarily affect the wealthiest households.

By Leith van Onselen The Grattan Institute has released a new paper for the Australian Gender Economics Workshop 2018, which argues that Australia’s superannuation system is Australia’s retirement income system is not working for the poorest Australians, who are disproportionately women.

By Leith van Onselen The chief executive of the Association of Superannuation Funds of Australia, Martin Fahy, is getting nervous.

By Leith van Onselen Former treasurer Peter Costello has argued that compulsory superannuation contributions should be taken out of the hands of bank-run retail super funds and union-backed industry super funds, who are gouging members with excessive fees.

By Leith van Onselen Turns out that Bloomberg is not done with its Crapstralia series.

By Leith van Onselen The Australia Institute (TAI) has produced an interesting report warning that record low wages growth could significantly curtail Australian’s superannuation retirement savings, placing immense pressure on the Federal Budget.

By Leith van Onselen The The Association of Superannuation Funds of Australia (ASFA) is talking its own book again, calling on the government to extend Australia’s compulsory superannuation regime to low-paid workers.

There has been a recent push in the planning fraternity to renew calls for upfront financial planning advice to be made tax deductible (as opposed to ongoing investment management fees etc).

People in glass houses shouldn’t throw stones, so are we going to let Graham Hand toss a few rocks for us at of one of the larger players in the online superannuation space, Spaceship: Spaceship recently said it had almost reached $100 million under management, an incredible amount for a startup.

By Leith van Onselen The Australian’s Judith Sloan has published an article today arguing against raising the superannuation guarantee – the amount that employees must compulsorily contribute to super – to 12%, which has been recommended by a report written by Per Capita and commissioned by the Australian Services Union.

By Leith van Onselen On Friday afternoon, The AFR posted a series of articles warning that the collapsing rates of home ownership among younger cohorts could ultimately cripple Australia’s retirement system.

By Leith van Onselen Generous superannuation concessions provided to high-income earners was thrust back into the spot light last night in a report from ABC’s The Business (video above).

By Leith van Onselen Debate over the optimal level of competition to manage Australia’s hundreds-of-billions in default superannuation savings has been raging for years.

By Leith van Onselen There are arguably few better businesses to be in than Australian superannuation.

By Leith van Onselen In his post Budget speech delivered yesterday, Labor Shadow Treasurer, Chris Bowen, pledged to block the Coalition’s Budget measure allowing young Australians to make contributions into their superannuation for future use as a home deposit.

By Leith van Onselen After lobbying incessantly against the Turnbull Government’s modest reforms to superannuation announced in last year’s Budget, Robert Gottliebsen (aka “Gotti) has gone on another rant today against possible further changes affecting self-managed superannuation funds (SMSFs).

By Leith van Onselen Various experts have emerged to slam the Coalition’s proposal to allow first home buyers (FHBs) to access their superannuation to purchase a home.