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The strength of investment markets and generally improved member sentiment have seen growth in superannuation assets rebound strongly from the impacts of the Government early release superannuation regime. ....
WA woman faces jail term over early access to super fraud accountantsdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountantsdaily.com.au Daily Mail and Mail on Sunday newspapers.
She noted that those who had access their super early would find it difficult to make up the lost ground in their savings without targeted policy intervention. AIST recommended a one-off Government contribution to the super accounts of low-income earners who accessed their super early and met the eligibility criteria. The contribution would be based on the proportion of balance withdrawn and no more than $5,000. “Addressing the COVID-19 super gap will not only ensure Australians aren’t penalised in retirement for an economic downturn driven by a health crisis that they had no control over, it will also reduce the extent to which they are required to rely on the taxpayer-funded age pension in retirement,” Scheerlinck said. ....
'Consistent approach' critical to reforming SMSF advice model accountantsdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountantsdaily.com.au Daily Mail and Mail on Sunday newspapers.