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 ...
Superannuation funds have thrown their support behind the QAR reforms but want a “clear statement” that they will not be required to check all member SOAs....
Amid Australians’ growing penchant for seamless digital experiences, an industry professional believes the most successful superannuation funds will be looking to leverag...
With sticky inflation plaguing Australian and global markets, super funds have seen their first negative monthly return since October 2023....
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.