Tag #Superannuation

Showing 25 to 36 of 57 results

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15% Tax on Unrealised Super Gains Over \$3 Million: Implications and Calculation

A 15% tax on unrealised superannuation gains over \$3 million per member will take effect from July 1, 2026, impacting those whose balances exceed this threshold at any time after June 30, 2026, even with subsequent withdrawals; the calculation considers earnings exceeding the threshold and a propor...

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36% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australia's Planned Superannuation Tax Increase Faces Criticism over Unindexed Threshold

The Australian government will implement a tax increase on superannuation earnings exceeding \$3 million, starting July 1st, generating an estimated \$2.7 billion in revenue annually, despite criticism for not indexing the threshold which may cause its impact to increase significantly over time.

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52% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australian Super Funds Recover From Trump Tariff Volatility

Australian superannuation funds, initially hit by a 4.5% loss in early April due to Trump's tariffs, have recovered to pre-inauguration levels, with projected 6% returns this financial year; however, experts warn of future volatility due to uncertainty over Trump's policies and their global economic...

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44% Bias Score

Reduced Inequality
dailymail.co.uk
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Labor's Controversial Unrealised Gains Tax on Superannuation

Australia's Labor Party proposes a 15% tax on unrealised superannuation gains exceeding \$3 million, a globally unique policy facing significant opposition due to its complexity and potential negative impacts on retirees and small businesses.

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56% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Cyberattack Exposes Security Gaps in Australian Superannuation

A coordinated credential-stuffing attack stole hundreds of thousands of dollars from Australian superannuation accounts, exposing weaknesses in security practices and highlighting the need for stronger multi-factor authentication and improved password hygiene among account holders.

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48% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australian Investors Suffer $8 Billion Nvidia Loss Amidst US Market Downturn

Australian superannuation funds and investors have collectively lost an estimated $8 billion on Nvidia shares since January due to the US stock market downturn, exacerbated by President Trump's tariffs and the resulting economic uncertainty, highlighting Australia's significant exposure to the US ma...

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52% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australian Superannuation Faces Rising Costs, Recommends Mergers

Rising costs, cyberattacks, and lawsuits over delayed insurance claims are impacting Australia's $4.2 trillion superannuation sector; KPMG suggests mergers as a solution, with mega funds growing and not-for-profit industry funds now holding 40% of the market.

Progress

44% Bias Score

Reduced Inequality
politico.eu
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U.K. to overhaul pensions system, emulating Australia's success

The U.K. plans major pension reforms, consolidating thousands of smaller schemes into larger "megafunds" to boost returns and economic growth, mirroring Australia's highly successful superannuation system, which currently manages \$4.2 trillion in assets and is doubling in size every five years.

Progress

52% Bias Score

Decent Work and Economic Growth
smh.com.au
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Retirement Planning: A Proactive, Self-Directed Approach

Retirement planning demands a proactive approach starting with calculating living expenses, mapping future income streams, strategizing housing, and understanding superannuation rules, requiring self-directed planning and learning.

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32% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Dutton's Superannuation Housing Plan Faces Widespread Opposition

Peter Dutton's plan to allow first-home buyers to withdraw up to \$50,000 from their superannuation is opposed by 75.68% of Australians in a new poll by Everybody's Home, with experts warning it could worsen the housing crisis and deplete retirement savings.

Progress

52% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Cyberattack Exposes Weaknesses in \$1 Trillion Australian Superannuation Industry

A coordinated cyberattack exploited reused passwords to compromise six major Australian superannuation funds, managing over \$1 trillion in assets and impacting 12.6 million members, prompting increased regulatory scrutiny and a focus on improving multi-factor authentication (MFA) implementation.

Progress

36% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Cyberattack hits major Australian super funds

A cyberattack targeting five major Australian super funds, including AustralianSuper, resulted in account access issues and financial losses for some members, prompting calls for improved cybersecurity measures and regulatory oversight.

Progress

40% Bias Score

Reduced Inequality

Showing 25 to 36 of 57 results