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The Latest Breaking News from ASFA

Young Australians told not to fret lower super balances

The median super balance for Australians aged 65-69 is $208,143, below recommended benchmarks to live comfortably in retirement.

AAP

Capital gains for the rich and persistent gender pay gaps: what we can learn from the ATO’s annual tax statistics

Data shows negative gearing remains the favourite of high-income earners, while most Australians’ super balances fall short of what is needed for a ‘comfortable retirement’

The Guardian - AU

Workers' retirement nest eggs set for super boost

The superannuation guarantee will rise to a targeted 12 per cent after more than a decade of incremental increases.

AAP

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read the most diverse news in one place.

$500,000 stolen in Australian super fund data breach

Super industry’s peak body says majority of hacking attempts stopped but money lost by a small number of customers

The Guardian - AU

Transfers in Bureaucracy: 18 Joint Secretary-Level Officers get new postings in Govt of India, Read full list…

Several Joint Secretary-Level Officers have been appointed in the Central government on Saturday. Read the full report of Dynamite News:

Dynamite News

Many people don’t get financial advice even though it can help ensure a comfortable retirement

This article is part of The Conversation’s “Retirement” series where experts examine issues including how much money we need to retire, retiring with debt, the psychological impact of retiring and the benefits of getting financial advice. Read the rest of the series here.

The Conversation

Super access won't lower hurdles for young home hunters

Providing young people with early access to their retirement nest eggs is unlikely to help them buy their first homes.

AAP

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Draining entire superannuation savings wouldn’t cover most young couples’ home deposits, research finds

Research by the Association of Superannuation Funds of Australia casts doubt on the Coalition’s plan

The Guardian - AU

Reviewing your superannuation now could pay big dividends in retirement

As the end of the financial year approaches, it is time to review your super to make sure you aim at the best retirement possible.

The New Daily

ANZAC Soccer Ashes trophy rediscovered in suburban garage after almost 70 years

A rare trophy, which holds the ashes of two cigars inside a razor case that travelled to Gallipoli, was last seen in 1954. Now, the century-old relic has been found.

ABC News

Superannuation returns rise and build more wealth for retirees

Good news for retirees – after significant ups and downs each month in the year so far, superannuation funds are back in the black.

The New Daily

Inflation is hurting people in their 50s due to low wage rises and housing costs

Inflation is making itself felt among older people, with 80 per cent of 50-plus respondents surveyed saying they are feeling the impact.

The New Daily

'We Were Once a Family' exposes ills of U.S. child welfare system

Journalist Roxanne Asgarian's tenacious and vulnerable reporting reveals the foundation of the intensely disturbing Hart family story — a broken child welfare system in the U.S.

WEKU

Women earn $1m less than men over lifetime and retire with $136,000 less super, study finds

Research released on International Women’s Day adds to growing calls to pay more parental leave and for superannuation on paid parental leave

The Guardian - AU

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The Guardian - AU

80,000 people will be hit by Labor’s super changes. How much will it hurt?

Superannuation is designed to help provide a dignified retirement, so a tax break on balances above $3m is not needed, experts say

The Conversation

Tax-free super for the super rich is a bad deal for the rest of us – and Morrison said it first

You’d be forgiven for thinking Treasurer Jim Chalmers had done something dramatic.

The New Daily

Retirees’ living costs rise, but there are ways to improve your lot

Inflation is eating into the cost of a comfortable retirement but there are some smart things you can do about it.

Reason

The Adoption and Safe Families Act Takes Kids Away From Loving Parents

On its 25th anniversary, the ASFA is in bad need of reform.

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The New Daily

Government eyes multimillion-dollar super accounts as ripe for reforms

Big superannuation balances of $5 million or more will be in the sights of the Albanese government next year.

The New Daily

Inflation is hurting retirees, but there are ways to protect your lifestyle

Australia is in the grip of inflation not seen since the late 1980s, making it hard for retirees to survive on savings and the age pension.

The New Daily

Raiding retirement: How a million Australians emptied their super fund during COVID-19

Around $38 billion was withdrawn from super funds as emergency payments and about a million people cleaned out their entire retirement savings.

ABC News

Cost of living and superannuation gap leaves many migrants in Australia struggling to retire

With little or no superannuation, increasing costs of living and limited access to suitable care facilities, many Australians are struggling to retire.

People

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