Superannuation News

How to maximise your tax refund this new financial year

The end of financial year is here, and before you lodge your tax return it’s worth making sure you’ve dotted your t’s and crossed your i’s to maximise your potential refund.

Super Guarantee rise and the single parent home scheme start today: but beware of the fine print

Today two government initiatives kick off, designed to provide Australians with a more secure future, but not everyone is guaranteed to be a winner.

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How super is set to change from July 1, 2021

The new financial year is upon us which will see some significant changes rolled out that are likely to affect your retirement savings.

New law to aid fair division of super assets at breakdown of relationships

The Australian Government has released draft legislation that will allow family courts to access superannuation information held by the Australian Taxation Office.

Super sees strong performance in March quarter

Superannuation assets have shown signs of growth over the last 12 months, according to the latest APRA Quarterly Superannuation Performance publication. Is now the time to make voluntary super contributions?

Super guarantee to boost women’s savings while mums left behind

Despite indications that the government was considering scrapping the legislated super guarantee increase, the 2021-2022 Federal Budget revealed that it will indeed rise to 12 per cent by 2025.

New report reveals dire consequences of Super Guarantee backflip

An analysis released by Industry Super Australia has found that millions of low and middle-income Australian families will not have enough to retire on if the government cuts the legislated Super Guarantee rise.

New research reveals Australia’s most responsible super funds

Australian superannuation funds following environmental, social and governance (ESG) principles collectively manage over $1.6 trillion, according to a new study.

New superannuation campaign shines light on widening gender gap

Research shows Australian women already retire with significantly less super than men, and Industry Super Australia’s (ISA) new campaign video warns that proposed cuts to super will push women even further behind.

Almost $500m withdrawn from Aussie superannuation funds

Australians have dipped into almost half a billion worth of super funds in 2019-20, according to new figures from the Australian Taxation Office. This was a 10 per cent increase compared to the year before.

Fresh research findings a timely reminder for consumers to consider their super fund’s performance

New research has revealed there is an underperformance challenge that needs to be tackled within the superannuation industry, providing super fund members even more reason to check their fund’s performance.

A warning to people accessing $10,000 of their super this Christmas

With just 10 days left for Australians to withdraw $10,000 in the Early Release Super Scheme, some families will be reassessing whether they need to access this cash over Christmas.