Tag: Superannuation

With the ink dry on the government’s response to the Henry tax review, the Institute of Chartered Accountants in Australia is turning its temporary attention to next week’s Federal Budget.

NAB and MLC have come out in support of the Henry Tax Review superannuation reforms taking compulsory superannuation from 9 up to 12 percent from 2012.

Federal Government changes to superannuation in response to the Henry Review will increase will harm small business says accounting firm BDO and COSBOA.

Over 410,000 SMSFs in Australia will be banned from investing in collectibles and ‘personal use’ assets if recommendations from the Cooper Review come into effect.

Barring a shock collapse in world sharemarkets, superannuation fund members can look forward to a positive return this financial year – the first time since 2006/07.

Financial advisers may be banned from charging commissions on investments and pension sales, under recommendations contained in the Cooper Review of superannuation.

This month marks one year from the depth of the financial crisis, and demonstrates the value of taking a long-term view of investment markets. After another positive month in February, the median superannuation growth fund has returned a satisfying 20.4% for the past year.

Super’s not an easy thing to get your head around and it’s not the most exciting of topics. But there are some serious tax benefits to self-managing your super. So could it work for you?

One of Australia’s largest industry superannuation funds Cbus has agreed to merge with Connect, and will have almost $15 billion in assets under management.

Australians are predicted to lose $120 billion during the next decade by investing with retail superannuation funds. The Industry Super Network (ISN), a body that represents the not for profit superannuation sector, have released a 24 page report comparing the performance of both not for profit and retail superannuation funds.  The report, called Supernomics used […]