Yesterday
- Opinion
- Chanticleer
Beware the risks in making super safer
Australia should be wary of going down the same regulatory road as the UK which made its pension system “safe” at the cost of efficiency and market-leading returns.
- Tony Boyd
- Opinion
- The AFR View
Constant questions keep our banks and super safe
Australia’s financial system lives up to its goal of being unquestionably strong. But that depends on the questions continually being asked.
- The AFR View
The older you get, the more you value super: industry survey
The older people get, the more they believe superannuation should be preserved for retriment and not used for such purposes as buying a house, industry research shows.
- Phillip Coorey
This Month
UniSuper doubles frequency of unlisted asset revaluations
Other funds such as Aware Super and the Australian Retirement Trust are also reducing their exposure to office towers amid price falls spurred by rising interest rates and the global banking crisis.
- Hannah Wootton
Devalue private assets, regulators tell super funds
The watchdogs say funds must proactively and transparently account for falls in unlisted asset prices spurred by the global banking crisis and interest rate rises.
- Hannah Wootton and Peter Ker
Mega super fund sells office towers as property values slide
The Australian Retirement Trust is wary of owning retail and office real estate after COVID-19 drove workers away from city centres.
- Hannah Wootton
‘So stressful’: A widow’s struggle to claim husband’s super
Bungling a binding death nomination can create tax traps and long delays.
- Duncan Hughes
Can I contribute more to super after starting pension?
John Wasiliev advises a reader wary about moving money into tax-free income phase because she didn’t know she could start another account-based pension later.
- John Wasiliev
Why contributions to SMSFs have dropped by $23 billion
Self-managed super fund members have sliced their voluntary contributions since the introduction of the transfer balance cap in 2017.
- Lucy Dean
Industry super contractor Link Group in union blue over pay
The biggest call centre provider for industry superannuation funds, Link Group, is facing union accusations of shortchanging staff with a 3.5 per cent pay offer.
- David Marin-Guzman
Super fund members face ‘double risk’ from commercial property exposure
David Murray says Cbus members are at risk from the funds’ high exposure to the same industry – building – that they work in, but the fund says property is responsible for its strong performance.
- Hannah Wootton
When a family loan can go badly wrong
Think carefully about loans from adult children to pay aged care deposits as this can substantially increase annual fees.
- Louise Biti
Labor slams ‘hypocrisy’ over $3m super cap criticism
Triple the number of high-income earners will be hit by the former Coalition government’s 2017 tax increase on superannuation, Labor says.
- John Kehoe
Coalition’s early super access scheme largely used to get cold hard cash
The revelation comes as Jim Chalmers moves to define the purpose of the superannuation system as being to “preserve” savings for retirement, in a bid to stop similar early access schemes in the future.
- Hannah Wootton
Labor open to more tax changes on super beyond current term
Anthony Albanese and Jim Chalmers have both flagged potential future changes to tax breaks on the retirement savings of working Australians.
- Tom McIlroy
Henry warns of tax jump ‘by stealth’ in not indexing $3m super cap
The former Treasury boss also says the recommendations he made for reforming tax in the super system in his 2010 review were the best option.
- Hannah Wootton
Banker warns super tax may force ‘a hell of a lot’ of farmers to sell
AMP director Mike Hirst, who owns a cattle farm near Geelong, says Labor’s proposal could force farmers who “eke out a living” on the land to sell their properties.
- Gus McCubbing and Hannah Wootton
When can we get card offering cheaper medicine, Medicare refunds?
A couple aged 67 and 62 with annual income below $144,000 want access to the Commonwealth Seniors Health Card – are they eligible?
- John Wasiliev
Spaceship tests M&A interest as cash pile runs low
Superannuation and investing startup Spaceship Financial Services has been quietly testing M&A interest in the business, as funding markets remain shut and make life harder for cashflow-negative businesses.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
CBA tests how to automate GST in digital $A pilot
A central bank digital dollar could slice costs for small business, including claiming GST and making SuperStream payments. But this will require law reform.
- Updated
- James Eyers
