Author: Recruitment Super
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Understanding Superannuation Tax Plan Impacts on High-Net-Worth Individuals
Treasurer Jim Chalmers has responded to the backlash from corporate leaders regarding the Labor government’s proposal to impose a tax on unrealised capital gains, particularly focusing on superannuation balances exceeding $3 million. The contentious plan has stirred up a heated debate within the business community, with prominent figures like Karl Morris and Brian McNamee expressing…
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Australian Superannuation Funds Hacked, $500k Lost, Data Compromised: ASFA
Hackers targeted Australian superannuation funds, resulting in a data breach that saw a small number of customers losing a combined $500,000 and compromising members’ data, according to the industry’s peak body. The Association of Superannuation Funds of Australia (ASFA) stated that hackers attempted to breach the cyber defenses of several superannuation funds over the weekend.…
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HESTA Freezes Services, Impacting Over a Million Members Until June
Superannuation fund HESTA has announced a freeze on its services in a planned outage, impacting over a million members who will be unable to access their funds until June. The move is part of the fund’s transition to a new administration provider, a process that began in February. While HESTA has provided information about the…
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Market Turmoil Sparks Retirement Uncertainty for Australian Seniors
Norma Lancaster, a business analyst in Melbourne, had been contemplating retirement after a 40-year career. However, the recent market turmoil has forced her to reconsider her plans. At 63 years old, Norma is now uncertain about affording retirement due to the impact on her superannuation. How to Retire Early With Low Savings: The Best Retirement…
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Australian Ethical Investments Leads the Way in Ethical Superannuation Choices
For decades, Australian Ethical Investments has been at the forefront of ethical superannuation, offering investors a chance to align their values with their financial decisions. In a world where the term ‘ethical’ is often tossed around as a marketing ploy, Australian Ethical stands out for its unwavering commitment to ethical investing. Established in 1986, it…
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Cyberattacks on Australian Superannuation Funds Prompt Security Concerns and Response
A recent wave of cyberattacks targeting Australian superannuation funds has raised concerns about the security of individual account holders. The National Cyber Crime Coordinator, Michelle McGuinness, confirmed the malicious activities and emphasized the collaborative efforts between government agencies, regulators, and industry stakeholders to address the situation. Financial Statement Analysis and Security Valuation | $195.68 With…
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Trump’s Trade Policies Cause $100 Billion Loss in Australian Superannuation Accounts
Recent developments in the global financial landscape, particularly triggered by the trade policies of the Trump administration, have sent shockwaves through Australian superannuation accounts. The aftermath of President Donald Trump’s trade war has reverberated across the Australian Securities Exchange (ASX), resulting in substantial losses amounting to at least $100 billion. This significant downturn in the…
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ASX Crash Sparks Superannuation Concerns Amid Tariff Fallout
Superannuation members faced a significant blow as the ASX crash unfolded following the imposition of tariffs, resulting in substantial losses across the board. The market turmoil triggered by Trump’s tariff policy sent shockwaves globally, prompting experts to advise superannuation holders on crucial strategies to navigate the storm. A Beginner’s Guide to the Stock Market: Everything…
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What Is the First Home Super Saver Scheme?
The First Home Super Saver Scheme (FHSS) is a government initiative in Australia that aims to help first-time home buyers save money for their first home through their superannuation fund. This scheme allows individuals to make voluntary contributions into their super fund, which can later be withdrawn to purchase a home. The FHSS was introduced…