As the fund matures, Australian-Super wants to do more on pensions by encouraging members with modest balances to think of an income stream in retirement. He says roughly two thirds of people with amounts of more than $100,000 opt for an income stream. While lump sums might make sense in...
The landmark legislation passed by the Senate on the 28th of November 2024 now enshrines the purpose of super in law. The new law states the objective of super is ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable...
2.25%Above $62,600Above $103,800 The higher rate only applies to the amount of assets above the threshold. If you’d like more information about how these changes might affect you, talk to your fund. Plan your retirement with us Talk to your fundSend a question...
“By switching to payday super, a 25-year-old median income earner currently receiving their super quarterly and wages fortnightly could be around $6,000 or 1.5 per cent better off at retirement. More frequent super payments will make employers’ payroll management smoother with fewer liabilities ...
Superannuation is the fund set aside by employers to provide their employees with a dignified retirement. Studies highlight that issues can arise with retirement funds from employers, such as failure to make required contributions to an employee’s super