EARLY ACCESS TO SUPER

Financial planning

Only 6% of Australians are looking to top up their superannuation with their income tax cut money, indicating those that needed to access their super early used it as a w...

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Superannuation

The COVID-19 early release superannuation scheme has forced people to choose between poverty now or poverty in retirement, the Australian Institute of Superannuation Trus...

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Superannuation

It is now even more critical for the superannuation guarantee to lift to 12% as COVID-19 has left many young Australians unemployed, according to a super body....

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Superannuation

The Retirement Income Review should not be used as a stalking horse for dangerous policies such allowing low income earners to opt out of superannuation or use their bala...

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Policy & Regulation

Industry Super Australia has backed the Australian Taxation Office’s promised crack-down on the misuse of early release superannuation, particularly with respect to tax m...

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Superannuation

A major industry fund, LUCRF has revealed the manner in which the Australian Taxation Office has at first approved hardship early release superannuation requests and then...

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Superannuation

Ten big superannuation funds have been revealed as going the heavy lifting on superannuation hardship early release....

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Life/Risk

Those members of AustralianSuper who empty out their superannuation accounts via the Government’s hardship early release scheme will continue to have life cover worth $10...

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Financial planning

Financial advisers have been lumped in with people the Australian Securities and Investments Commission alleges are involved in inappropriate behaviour around superannuat...

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Superannuation

Almost all of BT’s Advance Retirement Suite early access to super payments have taken between six to nine days, according to Australian Prudential Regulation Authority (A...

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Superannuation

Superannuation funds may not have been responsible for the $150,000 early release fraud being investigated by the Australian Federal Policy but their members will ultimat...

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Financial planning

The FPA has partnered with three fintech providers to allow advisers provide early super advice more efficiently....

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Superannuation

An estimated 855,000 early release of superannuation payments have been made totalling $7.1 billion by 30 April, according to an industry body....

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Financial planning

FPA, SMSFA, CA ANZ, CPA Australia and IPA financial adviser and registered tax agent members have been provided a template record of advice for clients looking to access ...

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Superannuation

With the average early release superannuation draw-down standing at slightly over $8,000 and with the load spread across virtually superannuation funds, the industry is h...

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