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The Superannuation Guarantee (SG) rate, which had been gradually increasing over the years, reached 10.5% in 2022 and is set to continue rising by 0.5% each year until it hits 12% by 2025. [16] This change aims to enhance retirement savings for Australian workers, ensuring better financial security in retirement.
Superannuation in Australia provides people with workplace pensions in retirement, and employers must pay a "superannuation guarantee" of 12% of income from 2025 to approved funds. [74] There may also be no unauthorised deductions of wages, [75] and there is a right to be paid at least monthly. [76]
New Zealand Superannuation Fund: 27: Non-commodity Ireland [52] [53] Ireland Strategic Investment Fund / Future Ireland Fund: 25.2: Non-commodity Chile: Economic and Social Stabilization Fund / Pension Reserve Fund: 21: Copper Bahrain [54] Mumtalakat Holding Company: 18.6: Oil & Gas East Timor [55] Timor-Leste Petroleum Fund: 17: Oil & Gas Canada
Recession fears for 2025 are fading fast, with market models and economist forecasts signaling a slim chance of economic contraction. But with optimism running high, could markets be misreading ...
Superannuation funds can claim a capital gains tax discount where the asset has been owned for at least 12 months. The discount applicable to superannuation funds is 33%, reducing the effective tax rate on capital gains from 15% to 10%. [8] No discount or adjustment is available if an asset is sold at a loss.
The Social Security Fairness Act (SSFA), which was recently signed into law by former president Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from...
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world's largest public pension fund. Pension funds typically have large amounts of money to invest and are the ...
The standard Part B monthly premium rose from $174.70 in 2024 to $185.00 in 2025. Original Medicare's premiums and deductibles went up in 2025. The Part A annual deductible increased from $1,632 ...