Sun, 5th May 2024

In the weekly Superannuation News Wrap, Paige Estritori highlights Qantas Super's sustainable agricultural initiative through a $200m deal with GO.FARM. The partnership aims to convert 5,000 hectares in southeastern Australia into profitable horticulture spots, promising rewarding returns for members. A study by Equip Super reveals that amid economic challenges, 85% of Australians are reducing expenses, and two-thirds are increasing their super contributions. However, uncertainties loom, with nearly half the respondents expressing concerns over perceived insufficient returns from super funds. Lastly, the Federal Government's revised First Home Super Saver Scheme to help first-time homeowners is launching soon. Using up to $100,000 of pre-tax income from their superannuation, couples can rapidly increase savings and decrease their tax burden. For more finance updates, visit financialservicesonline.com.au.n