News articles – Category: Superannuation
Below are the Avenue Capital Management news articles. Click on a link to read the full article...Tax and Superannuation Death Benefits
With superannuation now the preferred "low-tax environment" to accumulate long-term savings, we can expect to see big increases in superannuation balances in the future.
Be ready to prove who you are
Superannuation funds will check your identity before paying benefits. Identity fraud is reported to be one of the fastest growing crimes. Someone poses as you and gets credit in your name or gets their hands on your money.
Better deal on super guarantee
New rules will see that all workers get a better deal with the superannuation contributions paid by their employers. For most employees, their employer must pay 9% of their salary or wage into super at least quarterly. If they don’t pay the contributions on time they have to pay a fine called the Superannuation Guarantee Charge. The SGC includes the unpaid contributions plus interest and will find its way to the employee’s superannuation account.
