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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 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.
State Super is a superannuation fund in Australia that was established in New South Wales in 1919. It serves current and former government employees and public sector workers. As of June 2023, it manages close to $38 billion AUD in assets and has around 86,840 members.
The Superannuation and Other Trust Funds (Validation) Act (Northern Ireland) 1928 (c. 6 (N.I.)) The Superannuation Acts 1834 to 1892 was the collective title of the following Acts: [1] The Superannuation Act 1834 (4 & 5 Will. 4. c. 24) The Superannuation Act 1859 (22 Vict. c. 26) The Superannuation Act 1860 (23 & 24 Vict. c. 89)
The economic reforms pursued by the Hawke–Keating government has been claimed by numerous economic commentators and journalists since to have been the basis for both the modernisation and internationalisation of the Australian economy, and for triggering an unprecedentedly long period of economic growth, with Australia's gross domestic product increasing every year for 30 years after 1991 ...
Superannuation Guarantee Charge percentage: 5 September 2014 7: Low income superannuation contribution: 1 July 2017 8, items 1–11: Repeal of income support bonus (main amendments) 31 December 2016 8, items 12–13: Repeal of income support bonus (amendments to Farm Household Support (Consequential and Transitional Provisions) Act 2014) 5 ...
The bank launched as ING Direct in August 1999 and operated out of the offices of its sister company ING Australia at 347 Kent Street, Sydney and then North Sydney. [23]In March 2001 the bank signed a lease on several floors of the 14-storey office building at 140 Sussex Street, Sydney; subsequent growth led to the bank taking on additional floors over the next five years, culminating in ING ...
English: An Act to consolidate the Superannuation Acts 1834 to 1965 and certain other enactments relating to the superannuation of civil servants and other persons employed in the civil service of the State.