Superannuation contributions will become a little bit easier for people, with caps on concessional and non-concessional contributions set to increase.
Insurer CommInsure have announced the creation of a new product for self-managed superannuation funds (SMSF) due to changes in legislation relating to insurance held within super.
The federal government has proposed a five-year freeze on changes to superannuation. While any changes already announced will remain, in the future, once superannuation changes are legislated, no further changes will be permitted for a further five years.
The cost of living increased in the 2013 June Quarter according to the latest Association of Superannuation Funds of Australia (ASFA) Retirement Standard putting further pressure on retirees or those looking to retire in the near future.
Your compulsory superannuation contribution you receive from your employer will be increased from 9 percent to 9.25 percent from 1 July 2013 as the changes to Superannuation Guarantee in Australia start to come into effect.
The Retirement Age is increasing according to the AMP Retirement Adequacy Index Report for 2012, with the number of people retiring after age 65 rising from 24 to 28 per cent compared to 2011.
One of Australia’s leading insurance and superannuation specialists has developed a tool to help customers find their missing super.
Millions of Australians who have default life insurance in industry superannuation funds will soon be hit with a price rise to their premiums – some by as much as 50 percent.
Self Managed Super Fund (SMSF) benefit payments have exceeded inflows for the first time, according to industry researcher DEXX&R.
Actuaries Rice Warner have released their Personal Investments Market Projections Report, with the latest findings showing a diversification in Australians’ retirement strategy, including: Superannuation Personal investments (often held in family trusts) Holdings in private, non-financial corporations Interests in their own private businesses Family farms Investment in their own residence