Now the election is over, what will be the Government’s superannuation policy priorities? The superannuation and financial services industry has started putting forward suggestions. Related: Liberal superannuation policy Policy stability supported by legislative objective The SMSF Association has called for policy stability, supported by legislating objectives for superannuation. Association CEO… Read More »Priorities for superannuation policy post-election? Industry has some ideas
The SMSF Association says new superannuation statistics from the ATO “tell a positive story” about the SMSF sector. The ATO has recently released its statistical overview of SMSFs for 2016/17, based on SMSF Annual Returns, registrations and auditor reports. SMSF Association CEO John Maroney said: “These statistics reveal an SMSF… Read More »ATO statistics contain “positive story” for SMSFs: SMSF Association
Super funds are getting closer to recording a tenth consecutive year of positive investment returns, according to Chant West. The firm has the ‘median growth fund’ – with 61-80% in growth assets – up 1.7% for the month of April. This leaves the return for the 2018/19 financial year-to-date at… Read More »Super funds “increasingly likely” heading for positive financial year
The Australian Institute of Superannuation Trustees (AIST) has scored Labor ahead of the Coalition in terms of superannuation policy, in a pre-election score card. AIST says that Labor’s policies will “more positive impact on superannuation and the retirement outcomes for most working Australians”. Labor superannuation policies AIST supports six out… Read More »AIST puts Labor ahead of Coalition on superannuation policy
At last, an answer to the $5 billion question: who gets the imputation cheques Labor will take away?
Written by Ben Phillips, Australian National University and Matthew Gray, Australian National University. Labor is banking on about A$5 billion per year from ending the cash payment of company tax refunds to dividend holders who don’t pay tax. It’ll exempt charities, non-profits, pensioners and part pensioners and other Australians on… Read More »At last, an answer to the $5 billion question: who gets the imputation cheques Labor will take away?
The ABC has found that 47% of Australians support stopping refunds of franking credits. An analysis of ABC Vote Compass responses found that 47% support stopping refunds of franking credits, with 29% opposed and 16% unsure. Vote Compass is a tool developed by political scientists to explore the views of… Read More »47% support for stopping refunds of franking credits, 29% opposition
The Alliance for a Fairer Retirement System claims that Labor’s franking credit policy doesn’t target the wealthy, pointing to the number of people receiving franking credit refunds and taxable income figures, while their own analysis tells a different story. The Alliance – which was formed in response to Labor’s franking… Read More »Stopping refunds of franking credits doesn’t target wealthy, Alliance claims
Industry super fund Hostplus has paid a penalty relating to allegedly misleading claims, according to ASIC. The regulator announced that Hostplus has paid a $12,600 Infringement Notice penalty, relating to “alleged misleading claims about offering ‘independent advice’ in a recorded telephone message on HostPlus’ main consumer telephone number”. ASIC notes that… Read More »Hostplus pays $12,600 penalty for allegedly misleading claims
Larger super funds and SMSFs should be on an equal footing when it comes to franking credits, says the Alliance for a Fairer Retirement System. Alliance spokesperson Professor Deborah Ralston says that franking credits should be worked out at an individual member level in all super funds – to prevent… Read More »Large super funds & SMSFs should be on equal footing for franking credits
Labor has confirmed that it intends to stop the First Home Super Saver (FHSS) Scheme, closing it to new entrants, though details of the policy remain very limited. Shadow Treasurer Chris Bowen has previously mentioned stopping the scheme to the media. However it was unclear if this was a policy… Read More »Labor to close First Home Super Saver (FHSS) Scheme to new savers