Using super for housing now will help in retirement
Scott Morrison insists his first-home super saver scheme is compatible with the objective of super because it meant fewer retirees will have mortgage debts.
Sally Patten writes on Personal Finance specialising in Superannuation & SMSFs, Tax, Managed Funds. Based in our Sydney newsroom, Sally is Fairfax Business Media's Personal Finance editor and has more than 20 year experience in journalism, working in UK, Hong Kong and Australia.
Scott Morrison insists his first-home super saver scheme is compatible with the objective of super because it meant fewer retirees will have mortgage debts.
Labor has rounded on a proposed measure to allow first home buyers to tap superannuation to buy property, saying it is inconsistent with objective of super.
The Australian economy has had little help from public spending in recent years, but that is, thankfully, about to change.
The figures - and the trend - are breathtaking. Last week shares of Amazon topped $US1000 for the first time.
Complexity is a key obstacles preventing the take-up of retirement products, says KPMG.
Industry superannuation funds may up the ante on the banks by taking their scare campaign depicting bank bosses as foxes to mainstream telev...
Self-managed superannuation fund trustees have been given a reprieve from a rule that would have curtalied their ability to borrow to buy pr...
Australian households are perched on top of a debt mountain, raising the question: do they need to be?
Private equity, venture capital and infrastructure managers have bucked the trend towards lower asset management fees.
Borrowing six times a household's salary to buy a property would make it difficult to cover even basic living costs.
Total returns on US shares could fall to as far as 4 per cent over the next 10 years.
What might a fall in share prices mean for superannuation funds, where equities account for 90 per cent of the risk of a typical balanced po...
Even a small increase in the level of genetic testing could lead to a double-digit rise in life insurance claims, reducing the profitability...
The turmoil in the White House has spilled over into financial markets triggering falls in global and Australian indices that had been lulle...
SMSF trustees have dramatically increased the amount of money they contribute to their schemes ahead of a raft of rule changes in July.
The government's new bank tax has hogged the headlines over the last week but investors appear far more concerned about the prospects for th...
The superannuation industry largely got what it hoped for in last week's federal budget: peace and quiet.
There are perks for retirees, first home buyers and downsizers, but slight cuts for property investors and more Medicare from 2019.
The $6.2 billion bank tax will slow profit growth and curb banks' ability to raise dividends, predicts the $8.2 billion Equip Super.
AustralianSuper chief investment officer Mark Delaney said "banks need to win back public support" and the bank tax will have no material im...
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