How Trump move made Aussies poorer
There’s a simple reason why most Australian workers were a little poorer at the end of February, and it’s all to do with Donald Trump.
Superannuation
$6000 boost for Aussie workers
Australian workers would ultimately be up to $6000 better off with a remarkably simple change to their pay, a minister said.
Fresh blow to super-for-housing plan
Peter Dutton’s super-for-housing scheme will drive prices up between 7 and 10 per cent, analysis from the University of South Australia shows.
One thing you can do to save your super
Superannuation balances have been hammered by the turmoil in US share markets as fears of a recession grow. Here’s one thing you can do.
Group of Aussies to be $243K worse off
Australian mortgage holders could be saddled with hundreds of thousands of dollars in continuing debt if they make one choice every homeowner is faced with.
‘No option’: Aussies grim retirement call
Australians are set to work longer as rising cost-of-living sees them put off their retirement.
Australia’s biggest super fund fined $27m
Australia’s biggest superannuation fund has been fined $27m for charging duplicate fees to tens of thousands of customers.
Simple reason Aussies are a little richer
Aussies are tipped to be a little richer at the end January, as superannuation funds have a ‘flying start’ to 2025.
Grim reality of super raid for homes
Peter Dutton’s major home ownership offer to Australian voters would actually drive up house prices and slash home ownership, an analysis shows.
How Aussies missed out on $5.1bn
The wait for long-flagged superannuation changes have cost Australian workers billions of dollars.
2500 super members slugged unwanted fees
A major superannuation fund that incorrectly charged members for insurance premiums they didn’t want has divided an online community with its response.
‘Stellar’: Super funds you wish you were in
Members in Australia’s top-performing superannuation funds are more than 13 per cent better off this year.
Shock super amount Aussies can retire on
Australians will likely need less superannuation than they think to maintain their current lifestyle, but there is a major caveat.
Radical plan to get Aussie retirees spending
Australian retirees are saving too much of their retirement nest egg, with calls for major reforms to the superannuation sector.
Aussies face $165K super bombshell
Aussies could be $165,000 worse-off in retirement if a proposed change to superannuation guarantee is given the go ahead, the peak union body warns.
Simple reason Aussie workers richer in 2025
Aussie workers are surprisingly better off after 2024 for one simple reason.
‘Boomer fund’: Scary super trend emerges
A young Aussie has revealed how much she has set aside for her future – and how uncommon it is should scare you.
Big call for tax change on super
Calls for a major overhaul of the current superannuation system to make it fairer for all working Australians.
How to boost your super on a low income
Find out how Aussies on low and middle incomes can boost their superannuation payments by hundreds of dollars each year.
$2.3bn in lost Aussie cash up for grabs
Aussies may be entitled to a share in billions of dollars’ worth of “unclaimed money” accumulated over the years. Here’s how you can find out if you’re eligible.
Ex-treasurer grilled over Cbus scandal
A former federal treasurer who now chairs Cbus Super has faced a hostile grilling over a raft of allegations directed at the fund.
Coalition’s huge $50k housing move
In a huge move for those looking to get into the housing market, the Coalition is promising a major change to first home deposits.
Huge cash boost for millions of Aussies
Millions of Aussies are likely thousands of dollars better off in 2024 – and they might not even know it, due to the surprising performance of a common asset.
Big changes coming to super
Labor will move to reform how retirees will be able to access their super, as the number of Aussies over 85 are set to triple in the next four decades.
Reason young workers miss out on $10k
An old law is costing Australian workers about $10,000 in superannuation by the time they retire, according to a peak body.
‘Broken’: 1 in 5 Aussies retire in poverty
The number of Aussies retiring in poverty is rising, as the housing crisis and an unfair superannuation system hurts low-income households.
Aussie finance sector’s big AI move
An industry-first agreement will look to protect one Australian fund’s workers in the age of ChatGPT with a new “gold standard”.
Surprising retirement reality for Gen Z Aussies
Millennials and Gen Z Aussies might be locked out of housing, but in one area of economic life they are in prime position.
Woman’s brazen $200k superannuation scam
A woman has been busted after she illegally accessed more than $200,000 in superannuation benefits in a bold scam.
‘Dividend deluge’ amid cost-of-living crisis
As Australia’s biggest companies do all they can to cut costs, the corporate juggernauts are pulling back profits to pay shareholders.
Fresh blow to Albo’s plan for major change
The Albanese government’s push to pay super on paid parental leave is facing a roadblock, the latest in a series of knockbacks from the opposition.
Aussies short-changed $5bn a year
Slow moving reforms to the way Aussie workers are paid superannuation is costing the workforce billions of dollars every year.
’Kick in the teeth’ for struggling Aussies
As the big four Australian banks continue making billion-dollar profits, more and more families are falling behind on their house payments.
Major change coming to superannuation
Millions of Australians are set to get a boost to their superannuation under a new legislation that “offers security and rewards aspiration”.
Dark warning in CBA’s 9 billion profit reveal
Commonwealth Bank has revealed loan arrears are on the rise, as it posts a $9.48bn statutory profit for the full year.
Healthcare stocks dragged down by CSL
The ASX made a third-straight day of gains after a week of global volatility, with financial and consumer stocks pushing a marginal gain.
Aussie wages rise for June quarter
Australian wages have ticked up nearly 1 per cent in the past three months.
Scary reason rents could rise by $3000
There are warnings that life could be made “financially harder for younger Australians” with rents to soar and property prices to spike an extra $75,000 too.
How some Aussies will get $21k super bump
New forecast shows the average Aussie will be $21,000 richer in retirement after change in payments from this month onwards. Here’s why.
Property investor slams ‘boomer bashing’
A property investor has slammed young Australians for “boomer bashing”, claiming it’s not easy to be a landlord.
Worker shocked by detail on pay slip
Ben, 44, got the shock of his life when colleagues told him to check his pay slip. He’s part of a $3.1 million problem.
‘Dodgy’: Latest warning on cold-call rip-offs
As if phone calls from random numbers couldn’t get more annoying, the alarm has been raised about these dodgy cold callers.
Dire cash problem facing Aussie women
Aussie women are facing a dire gap in one key financial figure compared to their male counterparts, according to new research.
$5100 cash bonus Aussies will get in 2025
The government is making moves to address a billion dollar problem impacting Australians but there is still a delay.
Big win for young Aussie families
The passage of Labor’s bolstered paid parental leave scheme will benefit about 180,000 Australian families, the government says.
How to claim $500 for superannuation
A woman has made a TikTok to explain how millions of Aussies can claim up to $500 every year in superannuation contributions.
‘Implausible’: Big super’s claims rubbished
A claim by Australia’s largest superannuation funds comes amid a fierce political battle over how to help Australians into home ownership.
Aussie CEO ignites war with $1m challenge
A war has broken out between two Aussie CEOs with one offering the other $1 million in free advertising and challenging his rival over his company’s sports advertising spend.
Albo’s huge cash boost for one group
Australian women will retire thousands of dollars richer as part of a landmark change to the way they’re supported after having children.
Shock $85bn super price tag for Aussies
Millions of Aussies who withdrew their super savings during the Covid-19 pandemic could be left $85bn worse off, as details of the massive taxpayer bill to come are revealed.
Superannuation trick to save $23,000 in tax
Superannuation might not be the most exciting topic but Aussies are missing out on $23,000 a year with this mistake.
How to get free $500 in super
There’s a surprisingly easy way one group of Aussies can get the government to pay $500 into their super accounts.
Strange Aussie habit amid cost of living crisis
Australians are meant to be living on the edge – but new reports show they made a very off $50 billion move as the cost of living squeezes.
RBA boss’s $110k pay bump before exit
The latest report from the Reserve Bank of Australia shows how much money the men and women who determine your mortgage bill make each year.
Aussies set to cop $80,000 tax slug
Australians who carefully saved up through self-managed super funds are set to be walloped with a brutal new tax that could leave some struggling to pay their bills.
Super change to benefit 8.9m Aussies
Millions of Aussie workers are missing out on valuable retirement savings because of a loophole the government is insistent on closing.
Calls to end $3bn Aussie worker ‘theft’
There are calls to close a loophole said to be costing everyday Aussies billions of dollars and stopping them from living a “decent life”.
Why war on ‘Baby Boomers’ is unfair
Young Aussies are waging a ‘war’ on baby boomers but the growing resentment towards the older generation is wildly unfair, one commentator says.
Aussies losing millions in super mistake
Finance experts have warned Australians are losing millions of dollars a year due to a hidden problem with their superannuation accounts.
Super fund sued over alleged $69m fail
Australia’s largest superannuation fund is being sued over allegations it failed to act on duplicate accounts, costing 90,000 members $69m.
‘Unfair’: Super snub for 375k Aussies
A leading small business group said an end to age-based discrimination in super would cost jobs.
Simple mistake almost cost couple $200k
A simple banking blunder almost cost a couple about $200,000, sparking a months-long battle to get it back.
Rich 88yo’s pension question angers nation
An Australian widow has sparked outrage over her “entitled” question about the pension to a money columnist.
Paramedic reveals sad reality for Australians
An Aussie paramedic does not think he will make it to the new, higher pension age before he “breaks”, and he says he is not alone.
‘Massive’ mistake 58% of Aussies make
Most Australian workers automatically fall into this money trap – and it could end up costing you hundreds of thousands of dollars.
Millions of Aussies receive huge cash boost
Millions of Australians will be hundreds of dollars a year better off after a welcome boost to their nest egg.
Australian tradie’s sign goes viral
An image of a hardworking tradie with an exceptional message is going viral though his plea could be falling on deaf ears.
Simple trick to easily save $3.5k
A leading finance expert has revealed why now is better time than any time to boost your superannuation fund and reap the rewards.
10 ways Millennials can retire before 70
There may be talk about raising the pension age, but by following these simple tricks Millennials can clock out into retirement sooner rather than later.
Aussies turn away from buying homes
Fewer Australians are listing buying their own home as their number one financial priority with two other goals taking the lead in terms of importance.
Aussies to score $650 payment
Around 100,000 Aussies are set to score a refund worth hundreds of dollars after it was revealed a major firm was double charging them.
Dutton’s huge claim about budget
The Opposition has labelled the latest budget a “disappointment” as they claim one group of people “won’t receive one cent”.
‘Plan now’: Grim warning for young Aussies
A finance expert has warned young Aussies to get their retirement ducks in a row and build a nest egg now, saying it will only “get worse over time”.
Age when you will earn the most money
Your peak earning years may be just closer than you think, if data from the 2021 Census is anything to go by.
Mistake that could cost you $2,553
The average Aussie could risk losing more than $2000 in twelve months by making one simple mistake with their finances.
‘Dud’: $230k hit in worst super funds
Alarmingly, around $10 billion of Australians’ retirement savings are invested in dud products but many wouldn’t know the “harm” they are suffering.
Super funds slammed for $25b move
Australia’s biggest super funds have been criticised for decisions being made that will have a huge impact on young people’s future.
Boomers urged to stop hoarding
In the next 10 years, Boomers are going to have access to a whopping $1.5 trillion – and they are being told to start spending it.
Real amount of super you need to retire
Aussies might not need as much in their superannuation account as they thought to set themselves up for retirement, according to the latest figures.
Rich causing $45b super problem
A report has warned Australia’s superannuation scheme has become “taxpayer-funded inheritance” for the wealthy, amid calls to cut tax breaks.
Original URL: https://www.news.com.au/finance/superannuation