Tag: retirement fund organizer
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Payday Super Laws to Bolster Retirement Savings for Australian Workers
Payday super laws are set to revolutionize retirement savings as they mandate employers to pay superannuation along with wages. The move comes in response to the alarming prevalence of unpaid super, which deprives a quarter of workers of $5.1 billion annually. On average, each affected worker loses $1,800 in super per year, amounting to a…
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Survey Reveals Australians Risk Superannuation Disarray Without Vital Nominations
Millions of Australians are potentially jeopardizing their superannuation by neglecting to complete vital beneficiary paperwork, as highlighted by a recent survey conducted by Super Consumers Australia. The research indicates that a significant portion of Australians have not clearly stipulated their fund’s ‘death benefit nominations’, which specify who should receive their superannuation upon their passing. According…