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IT’S A SUPER-VENTION!

IT’S A SUPER-VENTION!

An initiative to encourage Australians to make a pledge to boost their superannuation by September 15, 2016. With only 7% of Australian employees currently making extra contributions to their super, Money magazine, in conjunction with ASFA (Association of Superannuation Funds of Australia), have joined together to launch Super Booster Day, an initiative urging all Australians to “make ... read more>
A Letter To The Prime Minister

A Letter To The Prime Minister

Dear Mr Turnbull, I’m writing an open letter to congratulate you on your victory and present some issues which are relevant to older Australians and where we’d like to see action. The FiftyUp Club has just reached a milestone of 200,000 members around the country and as well as easing cost of living pressures for the group we also campaign for change which benefits them. As... read more>
Now The Election Is Decided, It's Time To Look At Superannuation Again

Now The Election Is Decided, It's Time To Look At Superannuation Again

Prior to the election, you told us that proposed changes to Superannuation where of real concern. Many of our members weren't happy with any government touching their Super and felt that the "goalposts keep changing". Channel 9's 60 Minutes program looked at the issue (watch here) this week and today The Australian reports that the Prime Minister now needs to listen to vote... read more>
Big scrap over the many bones of contention in the super debate

Big scrap over the many bones of contention in the super debate

As definitions go you’d have thought they were pretty straightforward even in the complex world that is superannuation. Retrospective means “dealing with past events or situations” and to say only the richest four per cent are affected by something suggests 96% get off scot-free. It’s only a month since the surprise super changes announced in the Budget but the r... read more>
Peter Costello weighs in on Super returns..

Peter Costello weighs in on Super returns..

Peter Costello’s warning about a new era of low super fund returns has sparked a fierce debate over assumptions ­behind the government’s budget superannuation changes. “The 10-year bond rate is the lowest it has ever been and even 30-year bond rates are a bit over 3 per cent,’’ the former treasurer said yesterday. “It is a much lower-­return worl... read more>