public pensionnational budgethousehold behaviorfinancial planningThis paper presents long term projections of the cost of public pensions in Australia, taking into account behavioural effects. I assume retirees make financialdoi:10.2139/ssrn.2251566Jie Ding...
APRA Quarterly superannuation fund level statistics March 2024. Released June 2024. AustralianSuper has a total of 3.4 million members and $341 billion in member assets as at 30 June 2024.
The scheme applies to full time, part time and casual employees who are Australian residents or here on a working visa. How to calculate superannuation Super is calculated by multiplying your gross salary and wages by 11.5%; this is known as the superannuation guarantee. Super is based on your...
Also superannuation rules mean that if you don’t get your hands on any of your extra super accounts that may be inactive, they could be rolled over to the Australian Taxation Office (ATO). How do I consolidate my super? It doesn’t take long to transfer your super, just follow these ...
How much super does the average Australian retire with? The Association of Super Funds of Australia (ASFA) estimates the average superannuation balance required to achieve a comfortable retirement would be$640,000 for a couple and $545,000 for a single person, assuming they withdrew their super...
Understanding how taxes work in any country can be a complex and daunting task. Australia is no exception, with its system of taxation having numerous components that can influence what your personal tax requirements are. If you’re an Australian resident or business trying to make sense of the...
this may increase your tax and can significantly reduce the net return you earn from the sale of your asset/s. As tax is not withheld for capital gains like it is for PAYG employee income, it is a good idea to work out how much you are likely to owe on an ongoing basis, and s...
Slack Investor isINfor Australian index shares, the US Index S&P 500 and the FTSE 100. All markets drifted down slightly. As many of the big market crasheshave occurred in September and October, Slack Investor is always relieved to get past this time of year. ...
That said, small businesses have the advantage of being able to act much more quickly when they need to, compared to larger companies. "The smaller companies typically just don't have the resources, and so this is where you as their accountant, their trusted adviser, come i...
Adults Do Although many studies have been conducted of who emerging adults are, how long emerging adulthood lasts, and whether emerging adulthood is consequential for later outcomes, Furstenberg (2010) and others have noted that much less research has considered emerging adulthood as it is lived. ...