Superannuation News

Read our News section if you want to find out the latest developments and recent changes in super. If you haven’t already subscribed, why not consider subscribing to our free, monthly SuperGuide email newsletter which includes the latest important news on super, easy-to-understand explanations on how different super rules works, Q&As and plenty of super tips.

Set out below are all SuperGuide articles explaining Superannuation News.

2016 Federal Election: What superannuation and retirement policies can you expect?

Save the dates! The May 2016 Federal Budget is to be released on 3 May 2016, rather than its usual date of 10 May 2016. Linked to the Budget night change, Prime Minister Malcolm Turnbull has confirmed the federal election is highly likely to be held on 2 July 2016 (since the Senate hasn’t done what … [Read more...]

Temporary Budget Repair Levy: More income tax for high-income earners

Note: In rare bipartisanship, the ALP supported the Coalition’s decision to temporarily increase the marginal tax rate by 2 percentage points for those Australians earning more than $180,000. The higher tax rate became law, and applies from 1 July 2014 until 30 June 2017 (3 financial years).In … [Read more...]

SMSF borrowing: Fix related party LRBAs by 30 June 2016, or risk 47% tax

Note: This article deals specifically with SMSF limited recourse borrowing arrangements (LRBAs) financed by related parties, rather than financial organisations. If you’re seeking general information on SMSF borrowing and LRBAs, see SuperGuide articles SMSF investment: Borrowing to invest is a … [Read more...]

Super alert! Have your say on the objective of superannuation

What do you think is the objective of our superannuation system?  The federal government believes that the primary objective of the super system “is to provide income in retirement to substitute or supplement the Age Pension”.Do you agree? Or do you have a different view? If you have an … [Read more...]

Age Pension: More Australians entitled to payments since March 2016

In March, July and September of each year, the federal government changes the rules for claiming the Age Pension… for the better! Currently, the Age Pension income test and the Age Pension assets test are adjusted three times a year in line with increases in the Consumer Price Index.Effective … [Read more...]

Age Pension income test: Deeming rates and deeming thresholds

Note: This article explains the latest deeming rates and the deeming thresholds for the Age Pension income test. If you are seeking information about the latest increases in the thresholds for the Age Pension income test and Age Pension assets test see SuperGuide article Age Pension: More … [Read more...]

Age Pension: March 2016 rates now apply (until September 2016)

Note: This article explains the latest Age Pension rates, applicable until 19 September 2016. The Age Pension rates are indexed twice-yearly, with the next adjustment taking effect from 20 September 2016. If you are seeking information on the changes to the Age Pension assets test rules taking … [Read more...]

Age Pension: Assets test thresholds applicable since March 2016

Note: This article explains the latest Age Pension assets thresholds, applicable from 20 March 2016. If you are seeking information on the latest Age Pension rates, see SuperGuide article Age Pension: March 2016 rates now apply (until September 2016). If you’re looking for information on the Age … [Read more...]

MySuper: 116 super funds now available

Note: This article provides a complete list of official, authorised MySuper products. This list will be updated regularly if any additional MySuper products are authorised by the Australian Prudential Regulation Authority (APRA). This article was last updated on 9 March 2016. If you are looking for … [Read more...]

Gender gap on super boards: Large funds perform poorly

During February 2016, the Australian Prudential Regulation Authority (APRA) released comprehensive statistics on the 200 (or so) largest super funds in Australia.One of the more interesting discoveries from slicing and dicing the statistics, is that the largest 20 super funds control nearly … [Read more...]