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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.
The taxable income of a superannuation fund is taxed at a flat rate of 15%; however, concessional contributions of those members whose taxable income exceeds $300,000 are subject to a rate of 30%. In the 2016 federal budget, the government proposed to reduce, effective 1 July 2017, the threshold when the tax rate of 30% comes in to members ...
MTAA Super (Motor Trades Association of Australia Superannuation Fund) is an industry superannuation fund established to serve the motor trades and allied industries. Created in 1989, it has become one of Australia's largest super funds.
TelstraSuper is an Australian superannuation fund headquartered in Melbourne, Victoria. Originally established in 1994 for Telstra employees, TelstraSuper opened its membership to the public in 2022. It’s Australia’s largest corporate superannuation fund with over $23 billion in assets invested on behalf of members.
On 30 April 2022, the Australia Post Superannuation Scheme (APSS) was merged into the Australian Retirement Trust. [4] In May 2022, Woolworths appointed the Australian Retirement Trust to manage its corporate superannuation services. [5] On 21 February 2023, the Commonwealth Bank Group Super announced it had entered into a memorandum of ...
AustralianSuper is an Australian superannuation fund headquartered in Melbourne, Victoria.It is an industry super fund, and so operates through a mutual fund structure.. With over A$ 340 billion of retirement savings under management and more than 3.4 million members, AustralianSuper is the largest superannuation fund in Australia and the sixteenth largest pension fund in the world.
The Australian Reward Investment Alliance (ARIA) is a superannuation trustee for Australian Government employees. It manages three superannuation schemes, the Commonwealth Superannuation Scheme (CSS), the Public Sector Superannuation Scheme (PSS) and the Public Sector Superannuation Accumulation Plan (PSSap).
10 April: Scott Morrison announces the date of the 2022 Australian federal election as 21 May. 11 April: Labor Opposition Leader Anthony Albanese was unable to state the cash or unemployment rates. [28] [29] 13 April: Labor said they would not commit to an increase in JobSeeker Payment after the election if they win. [30] [31] 16 April: