‘Call that uncovered my boss’s deception’
Employees were ripped off more than $82,000 but despite complaints they haven’t seen a cent. Now the company has gone into liquidation.
Superannuation
Aussie staff’s $6k win at company
The issue costs workers billions and one Aussie company has called on the government and other business to stop the “unfair” penalty.
How to make yourself $419k richer
Millennials and Gen Z could use this long term wealth strategy to score themselves hundreds of thousands. Here’s how to do it.
Brutal reason workers are losing money
Huge numbers of workers are being denied their hard-earned retirement entitlements and are missing out on thousands of dollars.
Brutal reason Aussies are switching super
Most of Australia’s 200 super funds failed this crucial test, with calls for more scrutiny into where the sector’s $3 trillion in money is going.
One group made richer by Covid
The Covid-19 pandemic has changed how rich Aussies are but it hasn’t impacted everyone equally – one group in particular is better off.
Some jobs just super
Experts have revealed the occupations offering the best superannuation. So is your job on the list?
How much super you need to retire
A quarter of Aussies think they will need more than $1 million to have a good life when they hit old age. Find out if your retirement pot is on track.
Simple way to boost your super by thousands
Aussies are being urged to do one thing that could boost their super by tens or even hundreds of thousands of dollars.
Millions of Aussies trapped in bad super funds
The financial regulator has warned it wants to see Australia’s worst performing super funds close down or merge, as it highlighted poor performance.
‘No place to hide’: Dud funds named
If the people managing your nest egg aren’t doing a good job, check out the latest data from the regulator who has vowed more ‘relentless’ scrutiny.
Aussies who are owed extra $1700
Millions of Australians are owed an average of $1700, with new research showing where those eligible are most likely to live.
How much super you need to retire
Many Australians don’t know enough about superannuation and are heading towards an uncomfortable retirement if they don’t take action.
Aussie’s battle for $60k worth of benefits
The fast food worker has been fighting for the money but is concerned his former employer is never going to pay it.
Woman turns $10k into $400k in 7 months
The Aussie describes the huge windfall as “mind blowing” and has even used the investment strategy to boost her superannuation.
How to boost your super by $261k
Alarmingly millions of Aussies have no idea how their super fund are performing, which could cause real “damage” if urgent action isn’t taken.
How Aussies could make an easy $11k
There’s some simple ways to get your hands on thousands – but hurry as one deadline looms at the end of October.
20yo turning $25 a week into $282k
Vi is only 20 years old and in her second year of uni, but she’s already on track to pocket a whopping $282,000 thanks to her weekly habit.
Why your ex can get half your super
Although moving in with your significant other can be exciting, under certain circumstances, this could spell disaster for your superannuation.
How much super you should have at 30
There’s an amount you need in superannuation to lead a “comfortable” life in retirement and many need to save a lot more to get there.
Simple change to boost your super
Some Australians are being cheated out of hundreds of thousands of dollars by sticking with their employer’s default super fund.
Aussie mums miss out on $1.6b in super
There are calls for the Federal Government to prove it values women by making a change, which could keep them from falling into poverty.
Worst performing super funds revealed
More than one million Aussies have their retirement money sitting in funds that are underperforming and they are being urged to find an alternative.
Push to top up women’s super
A new plan calls for up to $1000 a year be tipped into retirement funds as well as a 50 per cent rebate to help women catch up on lost money.
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Man’s ‘bullying’ claims in messy divorce
Married for 17 years, the South Australian man said he was manipulated and wants to stop his ex-wife from taking all his money.
How you could retire early with millions
There’s a new movement gaining speed that means you could retire at 30 – but it does mean adopting some extreme measures.
How this mum plans to retire at 35
The 29-year-old from NSW is on track to finish up work in just six years and still live off up to $100,000 a year.
$20k mistake three million Aussies made
It may have seemed like a good idea at the time, but a $20,000 government scheme could cost hardworking Aussies $100,000 in the long run.
Money question shocking young Aussies
An experiment conducted on The Project has been a huge eye opener for young Aussies, with one question particularly causing angst.
How to boost your super by $660k
The average worker can boost their retirement by a massive amount with a simple change. Find out the “gamechanger” that’s just been introduced.
Questions that shocked young Aussies
An experiment conducted on The Project has left some millennials “petrified” and “emotional for their future after what they discovered.
Move could cost Aussie workers $160k
Every Aussie worker is being encouraged to check their contract as soon as possible for three words that could cost them a fortune.
More money for Australian workers
Millions of Australians are set to benefit from an increase in superannuation payments paid into their nest eggs.
Easy way to boost super by $56k
Many Aussies are set to sink into poverty when it comes to retirement. Find out how something you do every day could boost your superannuation.
Man wins late fiancee’s super payout
A magistrate who made headlines over his relationship with a law clerk 45 years his junior has claimed her $180,000 super death payout.
Aussie companies paying workers less
From July 1, some employees are going to be hit with a superannuation rise which will come out of their salary, cutting their take home pay.
Big change that could cost you $230k
Controversial new laws being debated in the Senate this week could see some Aussie workers up to $230,000 worse off.
Massive money trap for people under 35
With home ownership rates falling off a cliff, it could end up being a ticking time bomb for young Aussies for one key reason.
Why super balances are suddenly soaring
The Australian sharemarket keeps soaring to fresh record highs. What’s driving it, will it continue and what does it mean for your super?
Costly error most Aussie workers make
There’s one question most people ask when it comes to securing their future but it could be costing them thousands.
Bank‘s big superannuation move
An Australian bank has announced it will sell off its wealth business to a Queensland superannuation fund.
How Qld man paid off $60k debt
A Queensland man has described his financial woes as like “monsters” under his bed. He is one of millions who went down this path.
What Aussies used early super for
New data has shown Australians accessed their superannuation early during the coronavirus pandemic for these reasons.
How you could make an extra $100k
A big change is due to kick in come July and it could mean more money in your bank. Here’s how much you could collect under the reforms.
What you need to do now to be rich later
Here’s the best ways to make the most of your money at each stage of your working life, so you can live the good life in retirement.
Super-for-houses critics ‘deluded’: Lib MP
A plan to let Australians use superannuation to buy a home is ‘dangerous’, critics say, fuelling an already overheated property market.
Australia Post to explore super merger
One of the nation’s biggest industry funds seeks to absorb Australia Post’s superannuation scheme as it becomes even larger.
Woman’s risky move with $20k super
Despite her accountant advising against the early withdrawal of the money, this Melbourne woman wanted to back her dream.
’Retire with less’: Super threat warning
The peak industry fund has launched a new attack on the federal government over speculation it could ditch a rise in super payments.
How much super you need at your age
Australians need far more saved up in super than they do to be able to retire comfortably. This is how much you should have.
Bold idea could drive house prices higher
It’s an idea designed to make it easier for first home buyers to break into the market. But experts say it could push ownership further out of reach.
Turnbull at odds with Libs over super
Former prime minister Malcolm Turnbull has revealed which side of the fence he is on when it comes to increasing superannuation payments to 12 per cent.
Australia’s gender pay gap will hurt women
Aussie women are far worse off when it comes to a secure future compared to men, and the gender pay gap is to blame, according to the latest research.
‘Make sure future you is getting paid’
Real estate prices are going through the roof again leaving many locked out of the market. But one expert warns our obsession is a mistake.
Super money ‘powerful tool’ for change
People are voting with their wallets and seeking out ways to have their hard-earned cash do good and protect the environment.
Fund blasted for duping customers
The corporate watchdog has blasted a popular superannuation fund, accusing it of ‘deceptive conduct’ and misleading customers.
Fear young Aussies have that’s ‘unfounded’
Young Australians have a major concern about what will happen before they retire which is ‘unfounded’, the Treasurer says.
‘No closure’: Conwoman’s victim speaks
A woman ripped off for millions by a missing Sydney businesswoman only found out about her death moments before going on radio.
Controversial move nabs $700k unit
The woman found a clever way to pay off her debts and secure a new home.
Aussies drained of billions of super
The country’s prudential regulator has revealed how much money has been sapped from retirement funds through the early release of super.
‘Concerning’: Aussies don’t understand super
There’s an “overwhelming” lack of knowledge and understanding of superannuation across the board in Australia, new independent research reveals.
Young Aussies’ ‘vulnerable’ move
Women, young workers and low-paid Australians have been left more vulnerable in retirement after accessing a controversial scheme.
‘As dumb as cane toads’: Super plan lashed
Election battlelines are being drawn as the government considers a proposal that would force workers to choose between superannuation and take-home pay.
Boost for plan to help first-home buyers
A plan to allow first-home buyers to dip further into their super is a step closer to reality after it gained support from three key players.
Move that could stop you getting home loan
With interest rates at record lows, many Aussies are keen to take the leap to buy a home. But one move may hurt your chances of scoring a good deal.
Idea to help first-home buyers rubbished
A bold idea to help Australians buy their first home has been floated again. But the concept could have ‘devastating impacts’, politicians say.
Homebuyer boost to come at a cost
Speculation is mounting a boost to super could be scrapped, with the government switching focus to boosting homeownership.
Aussies 2% poorer under big change
A planned boost to Aussies’ mandatory savings is facing the axe after the revelation the change would make most people worse off.
Leading fund tight lipped on winning strategy
Australia’s biggest superannuation fund has refused to provide details to various questions at a parliamentary hearing, but denies being secretive.
Poor performing super funds on notice
The prudential regulator has warned too many Australians remain in underperforming super funds and are paying too much to do it.
Keating blasted for ‘nasty attack’
A stoush has erupted between Treasurer Josh Frydenberg and former prime minister Paul Keating over the performance of the Reserve Bank.
400,000 Australians to get extra pay
More than half a billion dollars will be repaid to almost 400,000 Australian workers after 24,000 business admitted to underpaying staff.
ATO to crackdown on JobKeeper rorters
Tax authorities warn the full force of the law will be brought down upon people illegally accessing JobKeeper and early release of superannuation.
Businesses caught stealing workers’ money
The ATO has hit more than 1500 businesses with a harsh penalty after they were caught stealing money rightly owed to their workers.
Why super increase can kickstart economy
One of Australia’s major industry superannuation groups says the scheduled rise in payments to workers will help boost rather than hinder the economy.
‘Bitchy Liberals’: Keating slams selfish MPs
Former prime minister Paul Keating says a bunch of “little bitchy Liberals” aren’t playing fair and are trying to “knock off” people’s incomes.
Aussies caught in super withdrawal rort
A staggering four in 10 Australians who withdrew retirement savings recently haven’t actually lost any income. And it could cost them.
Superannuation increase under cloud
Fears a superannuation increase will come at the cost of future wage growth is posing a threat to an already-legislated plan.
ATO to crack down on early super rorters
The Australian Taxation Office has warned people who rort the early release of super for tax benefits will be met with harsh fines.
Early super withdrawals surpass $30b
Australians are continuing their mad rush to access their retirement savings early with more than $30 billion being sapped from the superannuation pool.
Original URL: https://www.news.com.au/finance/superannuation/page/6