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Superannuation

MARKET MAYDAYPremiumSuper funds in the red for 2021-22 unless shares recover

Growth-focused superannuation funds could be lucky to break even this financial year unless there is a recovery in share markets over the next six weeks.

Neale Prior

opinion
opinion
Kate EmeryCommentsPremium
opinion
Govts need to stop trying to break open our super nest eggs

Please, oh, please, will successive governments stop trying to convince us to crack into the savings that are supposed to allow us to enjoy our retirement in comfortable eccentricity.

Kate Emery

Kate Emery

opinion
opinion
‘Planning disaster’CommentsPremium
opinion
ScoMo’s super housing policy desperate pitch of dying regime

It is sad when a party that claims to have a superior grasp of economics can come up with a policy that will have the opposite effect to what is supposedly intended and make life even harder for young Aussies.

Neale Prior

‘Craziest idea’CommentsLabor blasts Morrison over ‘desperate’ super housing policy

Labor says young people should not have to ‘raid their super’ to buy a home, calling a new policy from the PM a ‘desperate act’ as Opposition Leader Anthony Albanese starts the final week of his campaign in WA.

Annabel Hennessy

ElectionPremiumLiberals at odds over housing price rises

Labor and the Liberals are clashing over housing policy as the superannuation minister admits the government's plan will bump up house prices temporarily.

Dominic Giannini and Maeve Bannister

Boosting assetsCommentsPremiumAustralianSuper begins US private-equity hiring spree

Australia’s largest pension fund is beefing up its private equity team in New York as it plows $9.5 billion into US healthcare, technology and other sectors over the next two years.

Matthew Burgess

opinion
opinion
Let’s do the mathCommentsPremium
opinion
Numbers on ScoMo’s deeming rate promise just don’t add up

Last week’s declaration that the freezing of Centrelink deeming rates by the Federal Government would benefit more than 80,000 West Australian seniors by $1300 a year has this old scribe puzzled.

Nick Bruining

Bruining Q+ACommentsPremiumSome careful steps can ease pain of tax on estate

Some careful maneuvering to distribute the funds from your wife’s estate could help ease the tax burden at what is already a difficult time.

Nick Bruining

opinion
opinion
Absurd systemCommentsPremium
opinion
Labor’s super pledge a slap in face for ATO

Three cheers and a big hooray to the Federal Labor Opposition for its policy unveiled last week to crack down on employers failing to pay worker superannuation guarantee contributions.

Neale Prior

Bruining Q+ACommentsHow to keep your pension in inherited house sale

I have just inherited a house and plan to sell it for $900,000. If we bought another house for $1.5m and then sold our current home for $900,000 would we will still be eligible for some pension?

Nick Bruining

Bruining Q+ACommentsPremiumSuper boost in move to downsize

Here’s how you can use the proceeds from the sale of your home and inject it into the superannuation system to help fund your retirement.

Nick Bruining

Consortium partnerCommentsPremiumHealth super giant part of $20b bid for Ramsay

Health Employees Superannuation Trust Australia has confirmed it is part of a KKR consortium that offered $20.1 billion to buy hospital operator Ramsay Health Care.

Matthew Burgess

What’s different?CommentsPremiumThe new super threshold changes you need to know

Key superannuation thresholds for the 2022-23 financial year have been released by the Australian Tax Office. Here’s how it will affect you ...

Nick Bruining

New ruleCommentsPremiumThe GESB change that makes it easier to plan for death

A big change has been made to GESB funds that will help members better prepare for the division of their estate after they are gone.

Raymond Pecotic

opinion
opinion
Financial fixCommentsPremium
opinion
Why fixing de facto super-split law is worth a ‘cardonnay’

Under the current arrangements, when de facto couples separate in WA, the person who worked and earned the superannuation gets to keep it. That’s about to change, and here’s who’ll benefit.

Kim Morrison

Bruining Q+ACommentsPremiumYes, you’re well overdue a pension

‘You should immediately commence a pension claim with Centrelink and I would hope your existing financial adviser would have alerted you to your entitlements and will assist you with your claim.’

Nick Bruining

OK BoomerCommentsPremiumPerth fintech Boomer finds gap in loans market for over-55s

A Perth-based fintech will launch next month to help tackle a growing problem faced by millions of cash-strapped pre-retirees worried about how they will pay for life after work.

Daniel Newell

Long-awaited changePremiumQuigley to fix super quirk in de facto bust-ups

The State Government is closing a legal loophole preventing the Family Court of WA from forcing the split of superannuation in the bust-up of de facto partners.

Neale Prior

GenderPremiumOne big thing hurting women’s savings

A common issue in Australia is badly affecting the ability of women to save money and leaving them much worse off when it comes to retirement.

Duncan Murray

What’s your Plan B?CommentsPremiumIs your business your nest egg? 4 questions you need to ask

All the blood, sweat and tears that goes into building your business is expected to result in a pay-off at the other end. In these uncertain times, that’s risky. Here’s four questions you need to ask yourself.

Raymond Pecotic

‘Not optional’CommentsPremiumBosses warned of higher costs from super change

Struggling hospitality, retail and events businesses are about to be hit with another raft of costs: an adjustment to superannuation thresholds will heavily affect employers with plenty of casuals.

Adrian Lowe

DIY bluesPremiumFloorwise boss in blue with dad over soured super loan

A big-ticket flooring contractor has failed in a last ditch bid to stop his dad’s legal push for the repayment of $800,000 owing under a soured family financing arrangement.

Neale Prior

Carbon pledgeCommentsYoung savers force super fund Hostplus to clean up portfolio

Hostplus, a $76 billion Australian superannuation fund, has pledged to make its portfolio carbon neutral by 2050, following growing pressure from its members who include young cafe and bar workers.

Matthew Burgess

Bruining Q+ACommentsHow to share an inheritance and keep your pension

‘Can I give an inheritance from my late mother’s estate to my wife’s super and keep the full age pension?’

Nick Bruining