Super System Changes Affect All
The new year will bring lots of changes to the superfund industry. The government has announced a number of changes that are going to affect your savings at the end.
1. Superannuation Guarantee Rate (SG): The government has increased the Australia"s superannuation guarantee rate. This will affect the savings made by all superfund contributors. It will increase from 9% to 9.5% with effect from 1st of July, 2013. This guarantee is expected to rise to 12% until 2019-20.
2. Super Guarantee Age Restriction: Another significant change is in the relaxation in the upper age limit for the superfund contributors all over Australia. The employees aged upto 70 can now get benefit from their employers. The employers are now responsible to contribute in the senior worker"s superfund. This benefit will help those citizens who are working in their later life and they can now be assured of a decent amount after retirement.
3. Effective from: 01/07/2013:
You must be thinking when these changes will actually come into effect? So readers, as per Super CEO, Brendan O" Farrell, these changes will apply from 1st of July, 2013.
4. Introduction of MySuper:
The Super industry is also introducing a flexible and low cost superfund called "MySuper". This is aimed to provide decent savings in the end to employees who either work on part time basis or keep on fluctuating in their jobs. This smart Superfund will help in ensuring that type of employee has some savings and contribution from their employers.
5. Introduction of Super Stream:
The Government is also introducing an online service called Super Stream. This will help in making super transactions easier. This service will be available after middle of the year.
Around 12 million Australians contribute towards superfunds every year. The above-mentioned changes in legislation may or may not affect your actual superfund scenario.
The new year will bring lots of changes to the superfund industry. The government has announced a number of changes that are going to affect your savings at the end.
1. Superannuation Guarantee Rate (SG): The government has increased the Australia"s superannuation guarantee rate. This will affect the savings made by all superfund contributors. It will increase from 9% to 9.5% with effect from 1st of July, 2013. This guarantee is expected to rise to 12% until 2019-20.
2. Super Guarantee Age Restriction: Another significant change is in the relaxation in the upper age limit for the superfund contributors all over Australia. The employees aged upto 70 can now get benefit from their employers. The employers are now responsible to contribute in the senior worker"s superfund. This benefit will help those citizens who are working in their later life and they can now be assured of a decent amount after retirement.
3. Effective from: 01/07/2013:
You must be thinking when these changes will actually come into effect? So readers, as per Super CEO, Brendan O" Farrell, these changes will apply from 1st of July, 2013.
4. Introduction of MySuper:
The Super industry is also introducing a flexible and low cost superfund called "MySuper". This is aimed to provide decent savings in the end to employees who either work on part time basis or keep on fluctuating in their jobs. This smart Superfund will help in ensuring that type of employee has some savings and contribution from their employers.
5. Introduction of Super Stream:
The Government is also introducing an online service called Super Stream. This will help in making super transactions easier. This service will be available after middle of the year.
Around 12 million Australians contribute towards superfunds every year. The above-mentioned changes in legislation may or may not affect your actual superfund scenario.
The new year will bring lots of changes to the superfund industry. The government has announced a number of changes that are going to affect your savings at the end.
1. Superannuation Guarantee Rate (SG): The government has increased the Australia"s superannuation guarantee rate. This will affect the savings made by all superfund contributors. It will increase from 9% to 9.5% with effect from 1st of July, 2013. This guarantee is expected to rise to 12% until 2019-20.
2. Super Guarantee Age Restriction: Another significant change is in the relaxation in the upper age limit for the superfund contributors all over Australia. The employees aged upto 70 can now get benefit from their employers. The employers are now responsible to contribute in the senior worker"s superfund. This benefit will help those citizens who are working in their later life and they can now be assured of a decent amount after retirement.
3. Effective from: 01/07/2013:
You must be thinking when these changes will actually come into effect? So readers, as per Super CEO, Brendan O" Farrell, these changes will apply from 1st of July, 2013.
4. Introduction of MySuper:
The Super industry is also introducing a flexible and low cost superfund called "MySuper". This is aimed to provide decent savings in the end to employees who either work on part time basis or keep on fluctuating in their jobs. This smart Superfund will help in ensuring that type of employee has some savings and contribution from their employers.
5. Introduction of Super Stream:
The Government is also introducing an online service called Super Stream. This will help in making super transactions easier. This service will be available after middle of the year.
Around 12 million Australians contribute towards superfunds every year. The above-mentioned changes in legislation may or may not affect your actual superfund scenario.
1. Superannuation Guarantee Rate (SG): The government has increased the Australia"s superannuation guarantee rate. This will affect the savings made by all superfund contributors. It will increase from 9% to 9.5% with effect from 1st of July, 2013. This guarantee is expected to rise to 12% until 2019-20.
2. Super Guarantee Age Restriction: Another significant change is in the relaxation in the upper age limit for the superfund contributors all over Australia. The employees aged upto 70 can now get benefit from their employers. The employers are now responsible to contribute in the senior worker"s superfund. This benefit will help those citizens who are working in their later life and they can now be assured of a decent amount after retirement.
3. Effective from: 01/07/2013:
You must be thinking when these changes will actually come into effect? So readers, as per Super CEO, Brendan O" Farrell, these changes will apply from 1st of July, 2013.
4. Introduction of MySuper:
The Super industry is also introducing a flexible and low cost superfund called "MySuper". This is aimed to provide decent savings in the end to employees who either work on part time basis or keep on fluctuating in their jobs. This smart Superfund will help in ensuring that type of employee has some savings and contribution from their employers.
5. Introduction of Super Stream:
The Government is also introducing an online service called Super Stream. This will help in making super transactions easier. This service will be available after middle of the year.
Around 12 million Australians contribute towards superfunds every year. The above-mentioned changes in legislation may or may not affect your actual superfund scenario.
The new year will bring lots of changes to the superfund industry. The government has announced a number of changes that are going to affect your savings at the end.
1. Superannuation Guarantee Rate (SG): The government has increased the Australia"s superannuation guarantee rate. This will affect the savings made by all superfund contributors. It will increase from 9% to 9.5% with effect from 1st of July, 2013. This guarantee is expected to rise to 12% until 2019-20.
2. Super Guarantee Age Restriction: Another significant change is in the relaxation in the upper age limit for the superfund contributors all over Australia. The employees aged upto 70 can now get benefit from their employers. The employers are now responsible to contribute in the senior worker"s superfund. This benefit will help those citizens who are working in their later life and they can now be assured of a decent amount after retirement.
3. Effective from: 01/07/2013:
You must be thinking when these changes will actually come into effect? So readers, as per Super CEO, Brendan O" Farrell, these changes will apply from 1st of July, 2013.
4. Introduction of MySuper:
The Super industry is also introducing a flexible and low cost superfund called "MySuper". This is aimed to provide decent savings in the end to employees who either work on part time basis or keep on fluctuating in their jobs. This smart Superfund will help in ensuring that type of employee has some savings and contribution from their employers.
5. Introduction of Super Stream:
The Government is also introducing an online service called Super Stream. This will help in making super transactions easier. This service will be available after middle of the year.
Around 12 million Australians contribute towards superfunds every year. The above-mentioned changes in legislation may or may not affect your actual superfund scenario.
The new year will bring lots of changes to the superfund industry. The government has announced a number of changes that are going to affect your savings at the end.
1. Superannuation Guarantee Rate (SG): The government has increased the Australia"s superannuation guarantee rate. This will affect the savings made by all superfund contributors. It will increase from 9% to 9.5% with effect from 1st of July, 2013. This guarantee is expected to rise to 12% until 2019-20.
2. Super Guarantee Age Restriction: Another significant change is in the relaxation in the upper age limit for the superfund contributors all over Australia. The employees aged upto 70 can now get benefit from their employers. The employers are now responsible to contribute in the senior worker"s superfund. This benefit will help those citizens who are working in their later life and they can now be assured of a decent amount after retirement.
3. Effective from: 01/07/2013:
You must be thinking when these changes will actually come into effect? So readers, as per Super CEO, Brendan O" Farrell, these changes will apply from 1st of July, 2013.
4. Introduction of MySuper:
The Super industry is also introducing a flexible and low cost superfund called "MySuper". This is aimed to provide decent savings in the end to employees who either work on part time basis or keep on fluctuating in their jobs. This smart Superfund will help in ensuring that type of employee has some savings and contribution from their employers.
5. Introduction of Super Stream:
The Government is also introducing an online service called Super Stream. This will help in making super transactions easier. This service will be available after middle of the year.
Around 12 million Australians contribute towards superfunds every year. The above-mentioned changes in legislation may or may not affect your actual superfund scenario.