The Association of Superannuation Funds of Australia (ASFA) has called for SMSF borrowing to be banned in the upcoming 2018/19 Federal Budget. ASFA used its pre-Budget submission to call on the Government to restore the ban on most forms of borrowing by super funds, by removing Section 67A of the… Read More »ASFA calls for Budget to ban new SMSF LRBA borrowing
Federal Budget 2018/19
Superannuation and SMSF changes in the 2018/19 Australian Federal Budget.
There is no time to waste in fixing superannuation for the gig economy, says Association of Superannuation Funds of Australia (ASFA) CEO Dr Martin Fahy. “Gig economy platforms continue to show exponential growth so we need to ensure those involved are not losing out on super,” he said. “The gig… Read More »No time to waste in fixing superannuation for gig economy
Advocacy and networking group Women in Super has called for the 2018/19 Budget to include an additional $1,000 government super contribution for low income earners. Women in Super (WIS) used its 2018/19 pre-Budget submission to call for the additional government contribution to “better support those with inadequate retirement savings”. The… Read More »Call for $1,000 low income government super contribution in Budget
Self-funded retirees have called for an “immediate” change to the current superannuation pension drawdown levels. This is one of the recommendations of the Association of Independent Retirees (A.I.R), which represents partially and fully self-funded retirees, in their 2018/19 pre-Budget submission. “A.I.R. strongly recommends that there needs to be a clear… Read More »Self-funded retirees call for immediate change to pension drawdowns
The Government has called for submissions for the 2018/19 Budget. “The Government is inviting submissions from individuals, businesses and community groups on their views regarding priorities for the 2018-19 Budget,” said a statement by Assistant Minister to the Treasurer, Michael Sukkar. “The 2018-19 Budget will continue the Government’s commitment to focus… Read More »Government calls for 2018/19 Pre-Budget submissions