Superannuation News Wrap

This week's podcast highlights key trends in the financial services industry, including a surge in SMSF contributions driven by property sales. Other underutilized strategies, like super splitting and re-contributions, are noted as valuable but lacking key consumer awareness. The podcast also navigates the complexities of inherited superannuation tax implications, urging listeners to seek professi...

This week's Superannuation News Wrap discusses the Australian government's progressive policy extending superannuation contributions to the Paid Parental Leave program, estimated to boost super accounts by approximately $7,000 per leave and benefit around 180,000 mothers annually. The Investment Trends study reveals a gap between the perceived cost of financial advice and what Australians are will...

In this episode of Weekly Superannuation News Wrap, Paige Estritori discusses the Australias superannuation industry. The recent trend shows positive growth in superannuation funds, with four months of consecutive gains. Experts attribute this to strategic diversification and adept handling of complex markets. ASIC has successfully tackled over 3,500 fraudulent investment websites, imposing millio...

In this episode, Financial Services Online presents updates from Australia's superannuation sector. The Australian Securities and Investments Commission continues to enforce consumer financial safety, successfully closing over 3500 fraudulent investment websites. Concerns persist due to the pandemics impact on Australians accessing super funds early, as this may instigate significant retirement sh...

In this week's Superannuation News Wrap, host Paige Estritori discusses notable developments that could impact Australians' financial futures. A significant topic is the ongoing fallout from the pandemic-era policy on early access to superannuation, which the Super Members Council forecasts could cost taxpayers $75 to $85 billion over 60 years, largely due to increased pension costs and decreased...

In this week's Weekly Superannuation News Wrap, Paige Estritori discusses the long-term cost implications of the COVID-19 policy permitting early access to superannuation. The policy could cost taxpayers $75 to $85 billion over sixty years, potentially leaving younger taxpayers with an extra tax burden of $3,000 each. The introduction of bequeathing death benefits to charities faces potential oper...

In this week's episode, Paige Estritori discusses various topics related to superannuation. First, we explore the long-term implications of Australia's early superannuation withdrawal policy; it's predicted to cause significant retirement shortfalls due to premature fund usage and might induce extra tax burdens. Next, we delve into the complications around donating death benefits to charities, inc...

This week on Financial Services Online, we bring updates on Australia's superannuation landscape. Discussions unfold on potential retirement shortfalls from the early withdrawal policy implemented due to COVID-19, which may translate into higher pension expenses and low tax revenue. Superannuation funds bequeathing death benefits to charities face operational and legal complexities, urging a need...

This week's superannuation news includes ASFA's concerns over proposals allowing superannuation death benefits to be bequeathed to charities, citing anti-money laundering rules and potential legal battles. TelstraSuper has introduced a policy ensuring full Superannuation Guarantee contributions to part-time staff returning from parental leave, aimed at narrowing the gender pay gap and boosting emp...

This week's Financial Services Online Superannuation News Wrap, hosted by Paige Estritori, discusses major developments in Australia's financial industry. Things kicked off positively with TelstraSuper's introduction of full-time superannuation contributions for part-time employees returning from parental leave - an effort to bridge the retirement savings gap and promote financial inclusivity. Con...

This week's Superannuation News Wrap highlights a significant 36% drop in the number of Australians with life insurance coverage through superannuation funds due to recent government changes, resulting in a loss of 655 million Australian dollars and potential economic implications for families. A controversial government proposal to increase tax rate to 30% on super savings over 3 million dollars...