Yesterday
Greens demand $2m threshold for super wealth tax
The Greens have a new list of demands in exchange for their support on Labor’s new tax on high balance super accounts.
- Updated
- Michelle Bowes
How the $3m super tax whack might hit property investors
Plans to tax unrealised gains on super balances have investors considering options. Here’s what calculations show about the potential impact of the tax.
- Duncan Hughes
This Month
Cabal of industry super funds, led by investors, weighed ASX takeover
The ASX is an essential piece of infrastructure, and has a quasi-monopoly position, a description that would fit Sydney Airport, for instance, which went private in a $23.6 billion takeover.
- Sarah Thompson, Kanika Sood and Emma Rapaport
KPMG opens tender process for its Future Group-run super fund
The reasons behind the tender process are unknown, but it’s reasonable to assume KMPG isn’t over the moon with its current provider.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Let first home buyers drain super for property: Senate committee
First home buyers should be able to withdraw all their retirement savings to buy a house, a Coalition-dominated Senate committee has found.
- Lucy Dean
ASIC finds super funds still charging fees for no service
Super funds are obliged to ensure members are only charged for financial advice they actually receive but not all are doing so.
- Michelle Bowes
A smarter way to tax high super balances
The government has tried to keep things simple, but in doing so fairness has gone out the window.
- Meg Heffron
Westpac CEO wants super on a level playing field
The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.
- James Eyers
We have $700,000 in super – can we buy investment property with it?
If you want to add a geared investment property to your retirement savings, here’s what you must think about.
- John Wasiliev
615,000 customers locked out of super accounts by Google fail
The super fund has blamed Google’s cloud computing services for the prolonged outage.
- Lucy Dean
Second-largest super fund blacklists thermal coal investments
Superannuation giant Australian Retirement Trust will stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its portfolio by 2050.
- Lewis Jackson
We retired overseas but came back. What should we do with our money?
This couple may not be able to reopen their super accounts, but there are other tax-effective opportunities.
- John Wasiliev
April
I lost $2.5m of my super to scammers
Five victims outline how their funds were taken by sophisticated impersonation fraudsters and why they feel abandoned by their banks.
- Duncan Hughes
Why it’s worth selling your investment property before you retire
Making the most of higher superannuation caps can boost your retirement coffers just when you need it the most.
- Kelly Kennedy
Future Fund vindicated by reality of ‘sticky’ inflation
A sharemarket rally, spurred by hopes of rate cuts, has lifted the Future Fund’s portfolio, but it says investors have not adjusted to a higher-for-longer scenario.
- Jonathan Shapiro
Woodside looks inward after climate gambit defeated
The oil and gas producer felt the force of big super and green investors when it took a transition plan to shareholders. Now it has no choice but to do better on emissions.
- Anthony Macdonald
Big super splits on performance test reforms
Labor announced it was reviewing the test after several funds said the current rules stopped them investing in the “nation building” initiatives the government wanted them to bankroll.
- Hannah Wootton
Start-ups, dentists drain retirement savings in ‘super scam’
The value of super withdrawn for dental treatments nationally jumped 373 per cent to $313 million from 2019 to 2023, and Labor has warned of a potential crackdown.
- Hannah Wootton
Why more Australians are choosing semi-retirement
Fusing the parts of work you still enjoy with hobbies, travel and passion projects is the dream for many. Here’s how to make a go of it
- Michelle Bowes
Macquarie, ANZ and Canva CEOs help power Australia’s India push
Governments hope to prevent another false dawn in bilateral trade and investment by getting business to work on policy.
- James Eyers
