Tag: superannuation
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High-performing superannuation funds revealed
The outcomes are in – Australia’s tremendous funds have delivered a “aggressive final result in unsure occasions”, in line with evaluation from SuperRatings, which has run the ruler over 2022-23 returns. A rebounding sharemarket has delivered Australia’s six best-performing funds double-digit returns over the previous monetary yr, whereas the highest 10 delivered a mean return…
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‘Unfair’: Younger employees dropping $330 million in superannuation
Younger employees are dropping hundreds of {dollars} in retirement financial savings underneath guidelines which lock them out of the superannuation system, in response to a brand new Business Tremendous Australia (ISA) report. Figures revealed by ISA on Tuesday revealed about 375,000 Australian employees underneath 18 are dropping a mixed $330 million a 12 months in…
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The superannuation assure is rising – don’t miss out
Staff are being urged to examine their payslips and tremendous accounts as minimal contributions rise from this week. From July 1 the tremendous assure will enhance to 11 per cent as a part of an annual 0.5 per cent rise to achieve 12 per cent in 2025. This implies, on high of paying a daily…
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Labor reforms to make monetary recommendation extra reasonably priced for superannuation members
Stay Superannuation members will have the ability to entry reasonably priced monetary recommendation from their funds below adjustments floated by the Labor authorities. Monetary Companies Minister Stephen Jones informed the Affiliation of Superannuation Funds of Australia on Tuesday he’ll introduce laws later this yr or in early 2024 that may make it cheaper and fewer…
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Reviewing your superannuation now might pay large dividends in retirement
As the tip of the monetary yr approaches it’s time to evaluation your superannuation to make sure you should have one of the best retirement doable. So, have a look at the returns your fund is making compared to others together with the extent of charges you might be paying, and the quantity of insurance…