The Federal Budget may have been relatively unexciting from a superannuation point of view but there are some interesting insights to be gained from examining the Economic Outlook. Treasurer Josh Frydenberg and Prime Minister Scott Morrison have claimed the Budget is ‘back in black’ with a forecast surplus (not an ... Read more
Fee hike for small super accounts
If you have less than $1000 in your super account, or you have children or grandchildren with part-time jobs (or starting their first full-time job), then you will be very interested in this article. Not so long ago, the super rules used to look after fund members with small super account. If super account had less ... Read more
A super summary: 2017/2018 Mid-Year Economic and Fiscal Outlook (MYEFO)
On 18 December 2017, the federal government released the 2017/2018 Mid-Year Economic and Fiscal Outlook (MYEFO), which was jointly presented by federal treasurer, Scott Morrison and minister of finance, Mathias Cormann. In the media release accompanying the report, the ministers announced that “Despite the many ... Read more
Financial System Inquiry: Interim report expected by July 2014
Note: Information on the Government’s response (released 20 October 2015) to the FSI final report (an interim report was made publicly available in July 2014, and final report published on 20 October 2015) can be found in the SuperGuide article Liberals response to Financial System Inquiry: Super and retirement ... Read more