Superannuation

It’s a super Melbourne Cup. Understanding transformation the key to finding the winner!

It’s that time of year again – the first Tuesday in November, when we run the Melbourne Cup! Once again, I have been tasked to find the followers of this blog the winner.

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Superannuation rollover tax relief – let’s keep it going

One of the best recommendations in the Productivity Commission (PC) draft report on the superannuation industry was the backing the PC gave to making permanent the current temporary (until 1 July 2020) tax rollover relief for fund mergers and transfer events.

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Time is running out to get your superannuation house in order

For many employers, complying with complex superannuation rules is an enormous challenge and despite best intentions, there are occasional errors.

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Landmark Productivity Commission report must drive super industry overhaul

After 25 years, superannuation was due a landmark critical analysis – and the Productivity Commission’s draft report out yesterday certainly has not disappointed in that respect.It has spotlighted many important issues I would endorse.

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Two-speed super fund split to accelerate into major rationalisation over next ten years

The next decade will see a major rationalisation of Australia’s superannuation sector – with the number of funds in Australia being cut in half. But this is a natural evolution from the current market situation which is already seeing a two-speed divide between larger and smaller funds

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Removal of default insurance in super could damage the system for little benefit

KPMG is concerned the Budget announcements surrounding the removal of default insurance in super for people under the age of 25, plus inactive accounts and small balances will damage the overall system for relatively little benefit.

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Superannuation tax concessions: what’s behind the curtain

We do not anticipate much Budget night action in the super tax area – unlike the last two years. But it is worth thinking about Treasury’s recent release on the costs to the public purse of current ‘concessions’ .

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Insurance in super & R&D #Budget2018

KPMG is concerned that the Budget announcements surrounding the removal of default insurance in super for people under the age of 25 will damage the overall system for relatively little benefit.

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A budget of few surprises

This was a budget of few surprises. The main revenue raisers are through the black economy measures – which we welcome.

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It’s going to be another Super Melbourne Cup – managing longevity risk is still the key to being a winner

Since Archer won in 1861, it’s the race that stops the nation and Damien Ryan has all the tips for the race and for your superannuation

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Are the new kids on the superannuation block the start of a new era?

The launch of a number of new superannuation products to the market in the last six-months has many industry commentators sceptical about their value

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Insurance in Super: beneficial for Australia but some are still disadvantaged

There has been many adverse media stories in recent years over life insurance, with accusations of people paying twice for policies they don’t need and their benefits being eroded.

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Super Guarantee Reforms don’t quite close the GAP

The latest ATO figures show and estimated $2.85 billion did not make its way to employees’ super accounts. How can this happen?

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