Many older Australians should be investing differently given low superannuation savings

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An analysis of APRA data reveals that about 60 per cent of MySuper accounts held by pre-retirees, or those aged 60 to 64 years, had low savings balances below $100,000 –... Read more continue reading

CFS research finds attitudes towards retirement continue to shift

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New research from Colonial First State (CFS) has found that attitudes towards retirement continue to shift, with flexibility and choice a key objective for most Australians. Based on a national... Read more continue reading

UniSuper commits over 600 million to Macquarie Renewables Fund

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UniSuper, the $135 billion superannuation fund open to all Australians, today announced it has committed up to USD400m to Macquarie Green Energy and Climate Opportunities Fund (MGECO), investing in the... Read more continue reading

Australian Ethical reaches milestone of $10 billion funds under management, as its growth trajectory continues apace

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Managing Director John McMurdo said yesterday: “Australian Ethical is delighted to have achieved a significant milestone this quarter, with FUM reaching $10 billion. “We’ve seen another quarter of positive flows... Read more continue reading

2024/25 key super thresholds

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1. Concessional Contribution Cap – $30,000 (previously 23/24 financial year was $27,500) Concessional contributions are superannuation contributions in respect of which a tax deduction has been claimed whether those contributions... Read more continue reading

Super balances see continued growth in March   

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Super funds once again delivered a boost to members in March with another month of investment gains. Leading superannuation research house SuperRatings estimates that the median balanced option generated a... Read more continue reading

OK to make a deductible super contribution then cash out?

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This very issue was the subject of a recent private binding ruling (released 25 March 2024). The taxpayer had for a number of years (actual number was redacted in the... Read more continue reading

Two significant changes have been made to the Work Bonus scheme

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Two significant changes have been made to the Work Bonus scheme. These changes apply from 1 January 2024. The first change is that an initial credit of $4,000 will be... Read more continue reading

Adult children as tax free dependants

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With an increasing number of elderly parents living with their adult children, is it possible that an adult child of a deceased parent could, on the death of the parent,... Read more continue reading

Super funds up for fourth straight month in February

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Super funds were up for the fourth consecutive month in February, with the median growth fund (61 to 80% in growth assets) delivering 1.9% over the month. The return over... Read more continue reading