Superannuation

Opposition leader Peter Dutton has gone into bat for wealthy retirees making out like bandits from superannuation concessions, using Wednesday’s AFR Business Summit to launch a nonsensical attack on Labor’s modest superannuation changes.

The Association of Superannuation Funds of Australia (ASFA) has urged the federal government to implement measures aimed at reducing the gender retirement savings gap.

The Australian, The AFR and the opposition parties continue to scaremonger over the Albanese Government’s announced increase in the concessional tax rate for superannuation balances of more than $3 million, from 15% to 30% after the next federal election.

The media is full of righteous indignation over the Albanese Government’s announcement that it will increase the concessional tax rate for superannuation balances of more than $3 million from 15% to 30% after the next federal election.

The Albanese Government yesterday announced that it will increase the concessional tax rate for superannuation balances of more than $3 million from 15% to 30%.

Below is an article written for News.com.au: Last week saw the Albanese government release a consultation paper to enshrine an objective for superannuation in law.

Treasurer Jim Chalmers on Thursday said the government has ruled out a higher tax rate on super contributions or earnings.

This week, the Albanese Government released a consultation paper to enshrine an objective for superannuation in law.

Australia’s superannuation system has come into the spotlight this year with AustralianSuper, HESTA and Aware Super among large industry players calling for a $5 million limit on account balances in order to improve equity and stem the cost of superannuation concessions to the federal budget.

The Australian Treasury’s Retirement Income Review complained that superannuants have been highly reluctant to draw down their nest eggs.

Of all the legal tax dodges in Australia, it’s hard to go past superannuation.

AustralianSuper, HESTA and Aware Super are among the major superannuation funds calling for a $5 million limit on account balances, a figure that has been suggested by Financial Services Minister Stephen Jones.

The Australia Institute (TAI) has called for major changes to superannuation tax concessions, including the abolition of tax breaks for people with large super balances.

Last month’s federal budget announced a “new housing accord” that would aspire to “build one million new, well-located homes over five years from 2024”.

Last month’s federal budget announced a “new housing accord” that would aspire to “build one million new, well-located homes over five years from 2024”.

The SMSF Association chief executive, John Maroney, has lambasted a proposal to scale back tax concessions for large self-managed superannuation funds (SMSFs).

In last month’s federal budget, Treasurer Jim Chalmers announced a “new housing accord” that would aspire to “build one million new, well located homes over five years from 2024”.

Financial Services Minister Stephen Jones will tell the AFR Super & Wealth Summit that Labor is looking at scaling back tax concessions for large self-managed superannuation funds.

The Association of Superannuation Funds of Australia (ASFA) has used its pre-budget submission to urge the federal government to cap super balances at $5 million.

The Albanese Government wants to channel Australia’s superannuation savings into social and affordable housing to relieve the nation’s chronic housing shortage: The federal government is seeking to entice the superannuation sector to invest in social and affordable housing as part of its plan to tackle a ballooning supply shortage.

A new survey of more than 3000 retirees by National Seniors and annuity-provider Challenger reveals that almost one-in-four retirees have no intention of drawing down their superannuation nest eggs to fund their retirements: Almost 23 per cent said they did not want to spend their capital in retirement, and instead live off earnings.

Here’s a look at my super balance from a month back.

Treasurer Jim Chalmers has come under fire after suggesting superannuation funds increase their exposure to ‘nation-building’ projects like social housing and clean energy.