Monthly Archives: December 2011

No Tax on Super Contributions for Low income earners and removal of SG age limit

Posted on December 22, 2011 by SuperBenefitnews

The Government has announced that individuals earning less than $37,000 per year will pay no contributions tax on superannuation guarantee contributions made from 1 July 2012.  This results in a superannuation tax saving of up to $500 for low income … Continue reading →

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Bill Shorten may delay FoFA reforms on commissions and clients to approve fees every two years with advisers

Posted on December 19, 2011 by SuperBenefitnews

BILL Shorten is considering delaying  reforms of the government plan for an overhaul of financial advice, amid industry claims the proposed start date of next July is unworkable.  Under Government  Future of Financial Advice (FoFA) reforms, the government will ban … Continue reading →

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Is Australian Super’s major enhancement option as “good as having a self-managed super fund” (SMSF)?

Posted on December 16, 2011 by SuperBenefitnews

Competition for superannuation members is heating up. Australian Super this week announced a major enhancement to the way its members can invest. It went as far as claiming that the option was almost as good as having a self-managed super … Continue reading →

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SMSF assets grew 122 per cent for the five years to June 2010, twice as quickly as the total industry

Posted on December 15, 2011 by SuperBenefitnews

Tim Stewart, Money Management The SMSF Professionals’ Association of Australia (SPAA) has welcomed an Australian Tax Office report that shows self-managed super fund (SMSF) assets grew twice as quickly as the total industry for the five years to June 2010. … Continue reading →

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ASFA report on rising cost of living for retirees – minimum for comfortable retirement

Posted on December 9, 2011 by SuperBenefitnews

Couples need $55,000 a year and singles $40,000 minimum for comfortable retirement, according to research. The Association of Super Funds of Australia ASFA report said today’s retirees were doing it tougher than their recent counterparts after a big jump in … Continue reading →

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