According to the peak body for superannuation in Australia, the
Association of Superannuation Funds of Australia (ASFA), longer life expectancies mean many people now spend over a third of their lives in retirement — but often do not plan accordingly.
However, research by the Association
of Superannuation Funds of Australia (ASFA) finds that, for a modest lifestyle, a single retiree needs about $ 467 per week ($ 24,270 per year).
We use the earnings tax assumptions above to allow for the tax on the investment earnings
of your superannuation fund prior to retirement and for balances held in a superannuation account in retirement as a result of exceeding the Transfer Balance Cap at the point of your retirement.
But a
number of superannuation fund investors said the resignation of Ms Brenner would not alter a protest vote against the re-election of three directors: Andrew Harmos, Vanessa Wallace and Holly Kramer.
Against this background, the following sets out the Commissioner's view as to what constitutes a superannuation interest in relation to the different
kinds of superannuation fund.
When a member
of a superannuation fund dies, a superannuation provider is required to cash the deceased member's remaining superannuation interests to their beneficiaries or their legal personal representative as soon as practicable.
For example, this may occur where the
assets of the superannuation fund are allocated to specific superannuation interests that are supporting superannuation income streams.
If you are the only
member of the superannuation fund, the increase in value of the superannuation interest is the repayment amount and thus the credit that arises is equal to the repayment amount.
Karl Simich and Mark Bennett are justifiably annoyed at having the companies they run added to an investment blacklist; but behind their frustration there is an enormously serious issue for every member
of a superannuation fund — and that, in theory, is every working and recently retired Australian.
If you are claiming the money as the Trustee
of a superannuation fund or trust fund, download the How to claim money form for representatives.
not sure where I first heard it (possibly here) but the idea of a legislated investment
of superannuation funds (of say 20 % matched by the government) into renewable energy and carbon offsetting start - ups and R&D would seem to solve three of our biggest problems in one go: Jobs (in the near future), Energy / Pollution and SKI (Spend the Kids Inheritance on useless complex financials and mining behemoths).
If you want to, you can combine
all of your superannuation funds into a single fund.