Budget should restore SG timetable
Restoring the original timetable for lifting to the superannuation guarantee (SG) should be the priority superannuation issue addressed in the May Federal Budget, according to a survey conducted by Super Review.
The survey, conducted during the recent Conference of Major Superannuation Funds on the Gold Coast and sponsored by EISS Super, asked respondents what they believed should be the priority issues to be addressed in the May Budget.
It found that more than 75 per cent of respondents believed restoring the original timetable for lifting the superannuation guarantee was the most important issue.
This compared with the 60 per cent of respondents who regarded measures to clear the way for sustainable post-retirement products as being a priority issue.
Respondents were very negative about any further alterations to the superannuation tax concessions.
Recommended for you
An Australian superannuation delegation will visit the UK this month to explore investment opportunities and support local economic growth, job creation, and long-term investment.
An ASIC review has identified superannuation trustees are demonstrating a “lack of urgency” around improving their retirement communication and still taking a one-size-fits-all approach.
Superannuation funds have welcomed the boost that Treasury’s improvement on the Low-Income Superannuation Tax Offset will have for women and younger members.
The proposed changes to the Low-Income Superannuation Tax Offset (LISTO) has been applauded by the superannuation sector.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
3
DomaCom DFS Mortgage
67.30 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
