The association believes that the job cuts would result to illegal early access to superannuation. ASFA urges the Taxation Office to work with the Securities and Investments Commission to reach to individuals who have been the focus of illegal early access promoters....
The integrity of the superannuation system as a storehouse of value for retirement is currently facing several threats, not only from reduced incomes as a result of the pandemic, but also from a variety of Government proposals to allow early access to superannuation savings, and delay or prev...
Home Superannuation Access your super early Accessing your super early Understand when you’re eligible to access your super early and use your super savings. When you can access your super savings early Super is a long-term investment to help grow your savings for your retirement years. ...
The Australian Prudential Regulation Authority (APRA) has consumers warned about early release superannuation schemes pointing out that organisations and people promoting the schemes charge substantial fees, usually as a proportion of the recipient's benefit. Archived articles are available to Magazine subsc...
It is reported that taking out a pre-retirement allocated pension and combining it with a higher salary sacrifice into superannuation is a smart way for saving. Matthew Esler of Midwinter Financial Services says it will become even more attractive for those 60 and over with new super rules. ...
If you have a student that does not go to college then there are large penalties to remove the money. Or if you have a student that gets a full-ride then the penalties still apply. What alternatives are available to help pay for college while still giving flexibility and access to cash....
1As defined by Superannuation law Special conditions for children receiving payments More about interdependants Not a member? Join online now Update your beneficiaries It’s important to keep your beneficiaries up to date, to ensure they reflect any changing circumstances in your life. If you need ...
Reports that the Southport Magistrates court in Queensland has pressed charges against Brisbane businessman Mark Walter David relating to his involvement in a scheme promoting early access to superannuation. Background on the injunctions ordered against David by the Federal Court.Kelly...
The Australian Securities and Investments Commission (ASIC) has already issued warnings about the unscrupulous promoters offering early access to superannuation money. The conditions that makes it possible to have an early access to super money are discussed.Cho...
The study highlights how former discriminatory practices in access to superannuation membership have disadvantaged women by not providing them with comparable financial benefits when their organizations begin to downsize and offer voluntary separation packages. Concludes with the thought that organizations ...