பெர்னி டீன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from பெர்னி டீன். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In பெர்னி டீன் Today - Breaking & Trending Today
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.
Major reforms to Australia's superannuation system passed through Parliament on Thursday. Treasurer Josh Frydenberg claimed the tweaks were the biggest in 30 years, and stand to save Australians $17.9 billion over 10 years. ....
Big change that could cost you $230k gladstoneobserver.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gladstoneobserver.com.au Daily Mail and Mail on Sunday newspapers.
“Across all income levels an SG rate of 12% will increase the proportions who at least achieve the replacement rate benchmark of 65% to 75%. Those in the third, fourth and sixth income deciles are among those who will benefit the most. In addition, increasing the SG to 10% in 2021 will benefit many low-paid and disadvantaged groups,” it said. “Over six million workers will see their contributions increase. Around 63% of those who will benefit from the increase are on wages below $70,000. Occupations that will benefit include labourers, sales workers and drivers. “More workers aged 20 to 29 years will benefit from the SG increase than in any other age group. This will assist younger workers who have exhausted or drastically reduced their super savings by using the Government’s COVID-19 early release of super scheme to rebuild their balances.” ....
To fee or not to fee: The bitter stoush over super costs We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement Australians pay about $30 billion a year in superannuation fees – more than their electricity and gas bills combined. This startling figure was touted by the federal government as they revealed plans in the 2020 budget to cut super expenses, reduce duplicate accounts and weed out underperforming funds. There’s no argument every dollar spent unnecessarily erodes workers’ super balances, reduces the benefits of compound growth and leaves workers with less in retirement. But finding the best way to reduce fees and increase competition has become the subject of significant debate as the Your Future, Your Super legislation nears a vote. ....