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Articles for Superannuation, search results for support

Widows' distress compounded by delays to late husbands' Cbus Super payouts
1 year, 6 months ago

Widows' distress compounded by delays to late husbands' Cbus Super payouts

ABC  

Carolyn Hocking was at work when she got a call to say her husband had collapsed. Key points: Two widows say accessing their husbands' superannuation has been much harder than expected Cbus Super has apologised for the delays and says it will conduct a review Super Consumers Australia is calling for claims processes to be streamlined After 40 years together, …

Carolyn Lauren Super Superannuation Cbus Hocking Phone Support
Government urged to use superannuation tax concession changes to expand Paid Parental Leave scheme
1 year, 9 months ago

Government urged to use superannuation tax concession changes to expand Paid Parental Leave scheme

ABC  

Crossbenchers say the treasurer should "absolutely" use some of the cash recouped from proposed super changes to pay superannuation on Commonwealth Paid Parental Leave, arguing it could rectify the current "glaring gap" in support for new parents. Key points: Jim Chalmers says the focus of the recouped money is on budget repair Adding superannuation to parental leave payments would cost …

Women Tax Commonwealth Financial Security Leave Paid Ppl
Super tax breaks not needed for wealthy, they should tap into their home equity, retirement income review
4 years, 1 month ago

Super tax breaks not needed for wealthy, they should tap into their home equity, retirement income review

ABC  

The almost $42 billion annual cost of superannuation tax concessions is largely benefiting wealthy savers, according to the Federal Government's retirement income review, which suggests they should instead tap into the equity of their homes to help fund their retirement. Key points: The 650-page Retirement Income Review by former IMF director and senior Treasury bureaucrat Michael Callaghan has been released …

Retirement Tax Equity Wealth Age Income Review
Paul Keating says superannuation withdrawals dwarf coronavirus support schemes like JobKeeper
4 years, 4 months ago

Paul Keating says superannuation withdrawals dwarf coronavirus support schemes like JobKeeper

ABC  

Former prime minister Paul Keating says the early withdrawal of superannuation dwarfs the support the Federal Government has injected through its JobKeeper program — and has entrenched inequality between Australian generations. Key points: Australians are expected to have pulled $42 billion from their super accounts by the end of the year Australians are expected to have pulled $42 billion from …

Support Money Early Minister Billion That Money Emma
Early access superannuation scheme estimated to hit $42 billion in coronavirus support
4 years, 4 months ago

Early access superannuation scheme estimated to hit $42 billion in coronavirus support

ABC  

More than half a million Australians are estimated to have "completely cleaned out" their superannuation savings during the COVID-19 crisis, as Treasury predicts workers will withdraw a total of $42 billion under the early-access scheme. Key points: More than 2.6 million Australians have accessed their superannuation early More than 2.6 million Australians have accessed their superannuation early The initial estimate …

Access Treasury Scheme Australians Superannuation Mr Combet Combet