Monthly Archives: November 2011

Plans for a $500 tax cut on superannuation sparks row in Government

Superannuation Minister Bill Shorten has called on the Opposition to back the tax cut, which will cost $1.9 billion, after the Coalition’s sudden backflip to support a $740 million change to increase overall super to 12 per cent. See Herald … Continue reading

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Bruised investors looking for a safety-first path in #SMSF (Self Managed Super)

Global financial volatility has made investors increasingly focused on the type of assets they hold, with many choosing to move out of conventional superannuation funds into self-managed super funds (SMSFs). These are described by PIMCO head of global wealth management … Continue reading

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Super reform finds approval with Opposition

The Federal Opposition last week decided it would retain some of the Gillard government’s superannuation reforms if they become law. Coalition workplace relations spokesman Eric Abetz yesterday said if legislation to lift the super guarantee from 9 percent to 12 … Continue reading

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Bill Shorten – new Super Bill today to abolish age limit & increase SG to 12%

The Superannuation Guarantee (Administration) Amendment Bill has entered the House of Representatives today with the support of associations and government, with Minister Bil Shorten introducing the abolishment of the age limit. In addition to increasing the Superannuation Guarantee charge from 9% … Continue reading

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Basics 1-5 about super in Australia

Five basics to know about the super system Superannuation Guarantee – All Employers must pay at least the value of 9% of your wages/salary (not FROM your pay, but another expense of the employer) to your member account in a … Continue reading

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