Sun, 10th Mar 2024

In this week's Superannuation News Wrap, we tackled the potential influence of superannuation policies on Australian property prices, with ex-SunSuper CIO, David Hartley, suggesting the application of a capital gains tax at retirement. An interesting growth was noticed in Self-Managed Super Funds due to increased contributions driven by property sales, with experts advising the underused strategy of super splitting. We also discussed the complex situation of inherited super tax implications. A notable change arrives in July 2025, when the Federal Government will include super contributions in the Paid Parental Leave program, aiming to cut the super deficit suffered typically by women. Lastly, the debate around accessibility and affordability of financial advice services gained traction due to perceived high fees, with digital platforms emerging as potential cost-efficient alternatives. For more, visit www.financialservicesonline.com.au.