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Showing 1 - 10 of 16 results for "compulsory Superannuation Guarantee"

Rest calls for removal of minimum work hours for super

ELIZA BAVIN  |  MONDAY, 13 MAY 2024
... of how many hours they work. Currently, workers under the age of 18 are only eligible for compulsory Superannuation Guarantee payments from their employer if they work more than 30 hours per week, although some employers already voluntarily pay this. ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
HESTA is the latest industry fund calling for an extension of compulsory Superannuation Guarantee (SG) benefits to workers in the gig economy, amid concerns these workers will be "vulnerable to poverty" later in life. HESTA chief executive Debby Blakey ...

'Kick down the road' mentality fuels retirement insecurity: Study

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
Despite over 30 years of compulsory Superannuation Guarantee, two-thirds of Australians fear they won't have enough money to last through retirement. A study commissioned by Findex and conducted by YouGov, investigating Australians' readiness for retirement ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... average of 17.4% of their total wages and salaries into superannuation, 70% more than the 10% compulsory Superannuation Guarantee (SG) contribution rate. Australians' 17.4% contribution ratio has risen from 15.8% in 2018 but remains lower than the ...

MySuper performance soars

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
... contributed into their superannuation accounts through the year, six-times the amount of all the compulsory Superannuation Guarantee contributions or 17-times what was paid in fees." Cbus highlighted this week that its MySuper financial year returns ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... operating costs. "Worst of all, it would do these two things whilst continuing to collect compulsory superannuation guarantee contributions. It seems this new entity is now in operation solely for the benefit of related parties," Bragg wrote.

Half of Australian households will be retire ready

EMMA RAPAPORT  |  TUESDAY, 7 FEB 2017
... but will have reduced retire-readiness as they have not received the long term benefits of compulsory Superannuation Guarantee contributions. When the Age Pension is removed from the equation, the number of households that can afford a comfortable retirement ...

FEATURE: The circle of life

DARREN SNYDER  |  MONDAY, 9 NOV 2015
As the transition to MySuper continues, lifecycle funds are becoming a popular default investment option. Darren Snyder explores this evolving market. Earlier this year a joint paper by AustralianSuper and the Australian Institute of Superannuation ...

Aussie super funds in top 100

DARREN SNYDER  |  TUESDAY, 8 SEP 2015
... said the two key drivers behind Australian growth were the net inflows resulting from the compulsory superannuation guarantee - which continue to aid in growing Australia's retirement savings - and the fact that Australian superannuation is 84% DC with ...

Coalition to save $1.6bn via SG delay

AAP & ALICE URIBE  |  WEDNESDAY, 28 AUG 2013
... has confirmed that it will make $1.6 billion budget saving A by delaying the increase of the compulsory superannuation guarantee from 9% to 12%. After pressure from Labor shadow treasurer Joe Hockey released a seven-page document that promised the Coalition ...
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