Tag: superannuation fund management
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Australian Superannuation Strategies Amid Global Trade Uncertainties
In the midst of escalating global trade tensions and the uncertainty surrounding U.S. tariffs, many Australians are grappling with concerns about the impact on their superannuation savings. The implications of U.S. tariffs extend beyond American borders, affecting global markets, including Australia. These tariffs, essentially taxes on imported goods, can lead to inflationary pressures worldwide, resulting…
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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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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…