Superannuation

By early June, more than 2.1 million Australians had applied to the ATO to draw on their superannuation, representing an average payout amount of A$7,500.

What is the purpose of superannuation in Australia?


There’s a clear role for accountants around making the right data available on which employers can make informed, independent decisions on MySuper default fund selection, without breaking the law.

Super fund selection: accountants bridge gap between advice and guidance


The Australian Taxation Office (ATO) has calculated, based on its data and investigations, that there is currently about A$2.3 billion in detected unpaid super, equal to 3.9 per cent of total outstanding SG payments.

How much unpaid super is really out there?


The durability of small super funds is seen as another telling sign of inadequate competition.

Supercharged: How high fees eat into super returns


An outback road in Australia’s red centre, Northern Territory.

Indigenous finance: closing the financial gap


Australians are living longer and due to compulsory superannuation, the superannuation death benefit may be the largest asset in the estate.

Wealth and longevity pose new challenges to estate planning


The first major review of the retirement savings system in 30 years will look at the three pillars of the retirement income system: the age pension, compulsory super and voluntary savings.

A wage rise now – or more retirement income?


If a couple was accustomed to living on a combined salary of A$150,000 or A$200,000, an annual budget of A$60,000 may not really be the retirement they were hoping for.

Retirement in Australia - how much super do you need?


Australia’s superannuation funds are estimated to report collective assets under management of A$6 trillion by 2030.

Super sizing: the growth of cashed-up super funds


Recent court cases are a stark warning to SMSF auditors, after a court found a second auditor responsible for a lion's share of SMSFs losses.

SMSF auditors under renewed scrutiny


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