Tag: retirement planning book
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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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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.…
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Government’s Superannuation Reforms Enhance Australia’s Retirement System
The government’s superannuation reforms, implemented through legislation passed in November 2016, aim to enhance the fairness, sustainability, flexibility, and integrity of Australia’s superannuation system. These reforms were a response to the changing demographic landscape and fiscal pressures facing the nation. The reforms, announced in the 2016-17 Budget, were refined through a public consultation process that…
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Chalmers Stresses Fairness in Superannuation Tax for Retirees
During a recent economic reform roundtable in Canberra, Treasurer Jim Chalmers emphasized the importance of providing concessional treatment to retirees on their superannuation balances. Despite growing calls for tax system changes, Chalmers highlighted the need to maintain fairness for younger generations in any tax reform discussions. A PRACTICAL GUIDE TO AUSTRALIAN SUPERANNUATION: A Plain-English Guide…
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ASIC Investigates $1 Billion Superannuation Collapse Fallout in Australia
Investors in Australia’s superannuation system are reeling from the collapse of First Guardian and Shield, which has left over 12,000 people facing losses exceeding $1 billion. The allure of high returns drew many retirees, like Mel Wohlers, who contemplated drastic measures after losing almost $370,000. The regulatory response, led by ASIC, has been criticized for…
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ASIC Warns Australians of Risky Superannuation Switching Tactics
Australians are being cautioned to stay vigilant against aggressive sales tactics pushing them to switch their superannuation providers hastily. The Australian Securities and Investments Commission (ASIC) has issued a warning about high-pressure sales strategies, enticing advertisements, and promises of unrealistic returns that consumers should be wary of. Retirement Planning Guidebook: Navigating the Important Decisions for…
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Maximize Superannuation Benefits: Expert Tips for Overseas Access and CGT
Accessing superannuation while overseas can be a complex process. The rules governing super access are universal, regardless of where you reside. It is crucial to understand the preservation age for super access, which determines when you can withdraw funds tax-free if certain conditions are met. How to Have an Epic Retirement | $22.00 For individuals…
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Australian Superannuation Contributions Surge, Reaching $55.7 Billion
Australians have been actively investing in their superannuation funds, with a significant increase seen in voluntary personal contributions over the past year. According to the Australian Prudential Regulation Authority (APRA), there was a notable surge in member contributions, driven by higher personal contributions made by individual workers from their after-tax income. This growth in personal…