Assistant treasurer Stuart Robert has used a speech to the Alliance for a Fairer Superannuation System to announce the Government plans to change the law to ensure that death benefits that include life insurance proceeds are not subject to tax when rolled over to a new super fund.
The Minister announced several other technical superannuation changes, including:
The SMSF Association today welcomed the death benefits proposal, with chief executive John Maroney saying that it was “extremely important” to people who had been waiting for an amendment before dealing with death benefit sums.
While Maroney was also in favour of the TBC and market-linked pension changes, he called on the Government to further consider unresolved technical superannuation fixes as per previous submissions by the Association.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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