Tag: retirement fund management
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Debate Over Superannuation Tax Reforms and Division 296 Proposal
The debate surrounding tax concessions on superannuation has reignited with the government’s proposal for an additional tax on earnings over A$3 million. However, the discussion often lacks clarity and depth, overshadowing the crucial reforms needed in the super tax system. Helect Calculator, Standard Function Desktop Calculator (Black) | $14.99 Going back to 2009, the Henry…
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Downsizer Contributions Boost Retirement Savings, Women Lead Participation Trend
Downsizer contributions into superannuation have shown consistency with around 16,000 individuals contributing over $4 billion collectively in the 2024/25 financial year. Although the total contributions slightly decreased from the previous year, the scheme has attracted a steady number of participants. Retirement Savings Guide for Every Age: Maximize Your Financial Freedom with Smart Retirement Savings Strategies…
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ASIC Review Targets Superannuation Funds’ Property Investment Expansion
The Australian Securities and Investments Commission (ASIC) has initiated a targeted review aimed at potentially increasing property investments by the superannuation funds in the country. This move by ASIC is significant as it could have implications for the investment strategies of these funds, which play a crucial role in the Australian financial landscape. 30 Properties…
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Aware Super’s Wu Leads Global Retirement Income Innovation
When it comes to retirement, super funds worldwide face a crucial challenge: efficiently converting retirement savings into income streams that benefit members. This challenge is particularly significant for Aware Super, managing $190 billion in assets, with a substantial portion in retirement phase, paying out billions annually in benefits. Shang Wu, the portfolio manager for retirement…
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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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Maximize Retirement Savings: Navigating Superannuation Rules and Strategies
Superannuation, Australia’s retirement savings system, has been a cornerstone of financial planning since its inception in 1992. Despite its long history, there remains a significant amount of confusion surrounding its intricacies and regulations. Superannuation contributions play a vital role in building retirement savings, but understanding the rules and limits is crucial to avoid exceeding contribution…
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Demystifying Superannuation: A Beginner’s Guide to Retirement Planning
Superannuation, a cornerstone of retirement planning, has been a mandatory feature of Australia’s financial landscape since 1992. Despite its long history, many individuals still lack a clear understanding of how superannuation functions and its significance in securing a comfortable retirement. To demystify this complex system, a beginner’s guide to superannuation has been crafted to address…
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Paul Keating’s 12% Superannuation Vision Transforms Australia’s Retirement
Paul Keating’s vision for superannuation in Australia, proposed 34 years ago, is finally coming to fruition. The 12 per cent superannuation guarantee, set to benefit millions of workers, is a testament to Keating’s foresight and legacy. Keating, a key figure in the development of Australia’s retirement savings system, has described superannuation as a unifying force…
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Beginner’s Guide: Maximizing Superannuation Benefits for Retirement Planning
Superannuation, a system in place since 1992, remains a topic of confusion for many. The purpose and workings of super funds are not always clear to the general public. To address this, a guide for beginners has been created to explain the basics of superannuation. This guide covers topics like contributions, taxation, and accessing retirement…
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Demystifying Superannuation: Essential Guide for Retirement Planning Success
Superannuation, a cornerstone of retirement planning in Australia, has been a mandatory part of the national financial landscape since 1992. Despite its long history, there remains a pervasive lack of understanding about the intricacies of superannuation and how it functions. To address this, resources like the Super for beginners guide aim to demystify superannuation by…