From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...
Iress has issued an update denying the validity of “certain statements” made today by an alleged threat actor....
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month....
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super ...
Under the current accounting and umbrella trust setup holding both Accumulation and Retirement Income assets in the one trust fund, the capital gains is never if ever realised as the funds are perpetual in nature and so no tax is paid to the government but deferred indefinitely. The managers say that the unit price system used the member’s amount is adjusted for the tax. However, the investment managers take their clip on this deferred capital gains tax liability. At a very rough estimate the deferred capital gains could amount to about 3% of the total held in the Superannuation environment. The only way the government can realise this deferred tax liability is to go to an annual accrual basis of taxation. Further, this would make the valuation of illiquid assets more realistic.