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2009: APRA releases new superannuation fund-level performance data
The Australian Prudential Regulation Authority (APRA) has today released performance data for individual superannuation funds, covering the five-year period from 2004 to 2008. The performance data for...
View ArticleIs a SMSF right for you? 3 key questions to ask #3 Cost Vs Benefits
Many thanks to Christina from the SMSF Investment Strategies Blog for today’s post. Christina has been sharing a series a posts on the timely topic “Is a SMSF right for you?” Christina is outlining...
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Sydney man sentenced on early access to super charges
ASIC Media Release Mr Gerard Karl Little, of Castlecrag, New South Wales, has been sentenced today in the District Court of New South Wales by Judge Williams to two years imprisonment, to be released...
View ArticleSMSFs – On the ATO Radar?
The ATO will be conducting audits of SMSFs in 2009/10. Recently, the ATO has released various material regarding SMSFs. Taxpayers should be aware of this material and the possible implications for...
View ArticleAPRA releases annual superannuation figures to 30 June 2009
The Australian Prudential Regulation Authority (APRA) has released its Annual Superannuation Bulletin for the financial year to 30 June 2009. Total superannuation assets fell during the year by $66.4...
View ArticleIncreased Super Guarantee – how it’s phased in
With the Budget just days away, I’ve stayed away from reporting on the Government’s response to the Henry Review…. let’s face it, it wasn’t much of a response (especially after the hype). These...
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Super Co-Contributions
The Government has announced that the Superannuation Co-Contribution of 100% of the first $1,000, contribution will no longer revert to $1,250 by 2012/13 and $1,500 by 2013/14. The threshold will be...
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Proposed Super Changes
The superannuation contribution levels are: Taxpayers aged:- 2009/10 2010/11 2011/12 50 and over $50,000 $50,000 $50,000 under 50 $25,000 $25,000 $25,000 The Government has announced, as part of the...
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Super Savings Hit $1.23 Trillion
Yesterday APRA released it’s Annual Superannuation Bulletin for the 2010 financial year. According to the report, total superannuation assets increased by 13.9 per cent during the year to $1.23...
View ArticleGovernment Clarifies RESC Definitions
Australians receiving government financial assistance will no longer need to worry that additional superannuation contributions, prescribed by law or the rules of their super fund, will be considered...
View ArticleDon’t Miss Out on the Co-Contribution 2012
Did you know that only one in five taxpayers who meet the eligibility criteria for the super co-contribution actually make a personal contribution in order to receive the additional government payment....
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Budget 2012: Superannuation Changes
Increasing concessional contributions caps – the measure to increase the concessional contribution caps (also known as pre-tax contributions) for individuals over 50 with low superannuation balances...
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Changes to Super Announced
A) Previous Announcements In March 2012, changes to super were announced. These changes include: • The superannuation concessional contributions cap will remain at $25,000 for individuals under 50...
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Emergency money from your super fund: The rules
Compassionate reasons can serve as grounds for withdrawing pre-retirement or preserved super to cover medical and related emergencies – but strict rules apply. Overseen by the Department of Human...
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New obligations for SMSF trustees
As of August 7, SMSF trustees have to adhere to a raft of new measures which are intended to address potential risks and strengthen the SMSF regulatory framework. These measures mean SMSF trustees...
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Top 10 Cheapest Super Funds Revealed
With a vast number of superannuation funds out there spread across an array of sectors, it can be hard to decide which fund to join. Luckily, superannuation information provider SelectingSuper has...
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Government announces changes to the superannuation system
The government has announced its intended reforms to the superannuation system, prefacing its announcement with a re-commitment on its decision to gradually increase the Superannuation Guarantee rate...
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Super considerations as we approach year-end [Video]
There are superannuation changes ahead that both employers and employees should be aware of. Catch the video below or read through for more information. Employers Increased Super Guarantee: By now...
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Divorce and Your Super Savings
According to research by a large retail superannuation firm, going through a divorce can lump 10 more years on to the average Australian’s working life, as they endeavour to re-establish the level of...
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Beware the “fat cat” fees eating up your retirement savings
Weak or average investment performance is often viewed by investors as an anomaly that they have to put up with temporarily until a market or managed fund gets back on track. Holding out for improved...
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