Author: Recruitment Super
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Albanese Government Plans Super Tax Changes Impacting Wealthy Account Holders
Following the re-election of the Albanese government, attention has turned to the planned changes in superannuation taxation. Labor’s victory signifies a probable enactment of the legislation soon, impacting the taxation of investment returns in superannuation funds. Australia’s retirement income system consists of a government-funded age pension and private superannuation, where super includes compulsory and personal…
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Superannuation Integrity at Risk: Delayed Legislation Sparks Industry Concern
The integrity of the superannuation system is under threat due to delayed legislation, causing concern among industry experts and stakeholders. Mark Ellem, head of education at Accurium, expressed worry over the delayed passing of the Division 296 legislation and the potential retrospective nature of its enactment, highlighting the confusion and uncertainty it has created within…
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Victoria’s Superannuation Bill Overhauls Emergency Services Scheme
Victoria’s Legislative Assembly recently deliberated on the Superannuation Legislation Amendment Bill 2025, targeting the Emergency Services Superannuation Scheme (ESSS) that encompasses over 124,000 public servants. The bill, presented by Finance Minister Danny Pearson, aims to revamp the existing superannuation framework for emergency service workers. Pearson emphasized the need for consistency in applying the 90% superable…
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ASIC Sues Equity Trustees Over Shield Master Fund Collapse
A legal battle is unfolding between Australia’s corporate watchdog ASIC and Equity Trustees Superannuation over the collapse of the Shield Master Fund, which jeopardized the retirement savings of over 5,800 investors. The Shield Master Fund, a property-focused retail fund, crumbled, leaving investors facing the risk of losing approximately $500 million in savings. HOW TO CREATE…
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Government Proposes Superannuation Reforms for Fairer Retirement System
The proposed superannuation reforms by the federal government aim to create a fairer system for Australians during challenging times. These changes include doubling the tax on super balances exceeding $3 million, from 15% to 30%. For most Australians, retiring with a $3 million super balance is merely a dream, with the majority ending their working…
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Proposed Superannuation Reforms Target Wealthy Australians for Fairness
Superannuation tax concessions have been a contentious issue, with the government proposing changes to address what many perceive as an unfair advantage for the wealthiest Australians. Currently, superannuation earnings are taxed at a concessional rate of 15%, a significant benefit for most individuals and a substantial advantage for the affluent who would face a 45%…
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SuperGuide: Maximizing Retirement Savings Through Informed Super Fund Choices
Understanding superannuation and choosing the right fund are crucial for maximizing your retirement savings. SuperGuide offers a comprehensive platform to help Australians make informed decisions about their super, investments, contributions, and tax implications. Planning for retirement early is key to securing a financially stable future, and SuperGuide provides resources to guide individuals through this process.…