Pages with topic "Superannuation"
11 Aug 2020 : Younger workers to suffer super burden for years to come
Nearly 600,000 workers aged under 35 have drained their super balance to zero under the federal government’s controversial early access scheme.
2 Jul 2020 : NGS Super Scholarships now open
Applications are now open for the NGS Super 2020 Scholarship Awards.
21 May 2020 : Senate’s commitment to super welcomed
The Senate’s most recent commitment to protecting and improving superannuation for working people has been welcomed by the Australian Council of Trade Unions (ACTU).
16 Apr 2020 : COVID-19 shouldn’t mean putting your retirement at risk
With COVID-19 causing financial pain for many Australian workers, the federal government has announced it will allow early access to superannuation. However, modelling has shown early withdrawal of super funds can have a devastating impact in retirement.
Employers who have stolen superannuation from employers will be free from all penalties under an amnesty bill passed by the Morrison government.
11 Feb 2020 : Government delay puts retirement futures at risk
The federal government’s superannuation freeze has cost workers thousands in retirement savings and failed to stimulate wage growth, according to a new report.
22 Aug 2019 : Retirement nightmare looming for many Australian women
The rate of Australian women facing financial crisis and poverty as they approach retirement is on the rise due to a failing superannuation system that leaves a majority of women with 47% less superannuation than men.
29 Jul 2019 : Federal Government lets super thieves off the hook
The Australian Council of Trade Unions (ACTU) has slammed the backflip which saw the Morrison government once again side with superannuation thieves only hours after ditching a policy that would have seen them let off the hook.
Members are advised that the Australian Taxation Office (ATO) has updated its Ordinary Time Earnings (OTE) checklist on its website for annual leave loading, to align with its 2009 public ruling which noted that annual leave loading is always OTE “unless …
25 Oct 2018 : Women face future poverty in retirement
New research has revealed the continued and growing inequity suffered by women workers who are increasingly facing poverty in retirement.
23 Aug 2018 : For-profit super system failing Australians
The Royal Commission into the banking and finance sector has uncovered serious failings in Australia’s $600 billion retail super fund industry.
25 May 2018 : Super underpayment costing workers secure retirement
Workers are being denied millions of dollars in superannuation payments each year as employers exploit an under-regulated system.
A major new report from the Australian Services Union (ASU) has highlighted the continued and growing inequity women workers face when it comes to saving for retirement.
When women take time out of the paid workforce, change jobs or reduce their working hours for the sake of caregiving responsibilities, take home pay is the immediate price to pay. However, there’s a more insidious and hidden cost: superannuation and retir…
28 Jun 2016 : Closing the gender pay gap starts with your super
Superannuation fund Equipsuper recently announced it would pay superannuation guarantee contributions to its employees’ super accounts during paid and unpaid parental leave.
Analysis of the changes to superannuation legislation announced by the Turnbull federal government has revealed it will create even greater inequity in retirement for women by discouraging their own contributions to the retirement savings.