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Super funds resubmitted data 60,000 times before performance test afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Australians are noticing their pay levels have fallen after compulsory employer superannuation contributions were increased to 10 per cent. For the first time ever, super is in the double digits, following a rise from 9.5 per cent on July 1. Superannuation is increasing by half a percentage point at the start of each financial year until it reaches 12 per cent by July 2025. This month s latest increase has seen 13 per cent of workers report seeing a drop in their take-home pay, a survey of 838 Australians in work by CoreData Research found. Australians are noticing their pay levels have fallen after compulsory employer superannuation contributions were increased to 10 per cent. This month s latest increase has seen 13 per cent of workers report seeing a drop in their take-home pay, a survey of 838 Australians (pictured is a stock image) in work by CoreData Research found ....
Superannuation: Underperforming super funds set to be exposed by YourSuper tool afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Every Australian worker will today get a boost to their superannuation while a pay rise for those on the minimum wage kicks in. July 1 marks the start of the new financial year and the start of 2021-22 also means an increase in bills, from toll roads to electricity. Today is also the first day Australians can lodge their tax returns with 10 million people earning up to $126,000 eligible for between $255 and $1,080 in tax cuts. With more than 12 million Australians in lockdown, those working from home can use the time not spent travelling to the office to sort out some annoying life admin, as the cold weather and Covid restrictions limit leisure opportunities. ....
The government’s plans to push superannuation funds and schemes to offer retirement income solutions could spawn intra-fund strategies that test the existing boundaries of advice and guidance, an industry discussion has revealed. A group of superannuation funds within the country’s largest by assets raised the possibility that proper retirement solutions fit uncomfortably with the existing advice and guidance frameworks at Professional Planner’s parent Conexus Financial’s recent Retirement Conference. Funds currently take a conservative approach to the provision of intra fund advice because what constitutes financial advice is not clearly defined, but the work being done by policy makers and the funds themselves to clear the way for the government’s Retirement Income Covenant will likely open new pathways for advice within super, the conference delegates heard. ....