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Thursday, June 13, 2024

Latest news: Superannuation

Wealthy Australians could pay for aged care through super

Wealthy Australians could be forced to "ring-fence" a slice of their superannuation to pay for their own aged care.

Newspoll shows voters approve of superannuation tax plan

A majority of voters approve of the government's superannuation tax plan but Labor and Prime Minister Anthony Albanese have been marked down, the latest Newspoll shows.

Treasurer defends superannuation change as ‘modest’

Treasurer Jim Chalmers has defended the government's planned taxes on wealthy superannuation balances, describing them as modest.

Fit the Bill: A super big test for the federal government

Several weeks ago, I suggested a way to reign in bloated defined benefits pension schemes. The federal treasurer has now announced he wants to cap superannuation at $3 million per person.

‘No mandate’ for changes to superannuation tax breaks

A superannuation fight is brewing as the federal government flags the possibility of changes to tax concessions to help ease budget pressure. 

Opinion: The aged pension is not welfare

The aged pension is an entitlement and Centrelink should not be treating it as welfare, writes Brisbane-based social justice campaigner, Craig Hill.

Superannuation home withdrawals common overseas

Allowing citizens to dip into their retirement accounts to help them afford their first home is common practice overseas, but experts say it's hard to know the extent to which they've jacked up house prices.

Hiding superannuation funds during separation settlements – hidden no more

Superannuation is likely to be your largest financial asset second to your property.

‘Price explosion’ if superannuation used for homes

Property economists have warned of a 'price explosion', and hardship in retirement, if young Australians are given access to their superannuation to buy a home.

Australians set to access $18 billion in superannuation

Around $18 billion is expected to be paid out this financial year (2020/21) to those who have accessed the early access to superannuation scheme.