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Why super is a better retirement bet than houses

Australians should consider putting their money in their superannuation instead of property as fund balances are now growing faster than house prices.
Analysis by Chant West showed median growth-orientated retirement balances surged by 12.2 per cent since July 1 - something unthinkable only a year ago.
The double-digit growth in just nine months, to the end of March 2021, was even stronger than the 7.7 per cent surge in Sydney s median house price during the past year.
Australia s share market was this week close to reaching a record high, with the benchmark S&P/ASX200 just 1.5 per cent below the all-time peak of 7,197 set in February 2020 shortly before the Covid shutdowns. ....

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SMSFs to receive additional consolidation payments from Reuniting More Super changes

SMSFs to receive additional consolidation payments from Reuniting More Super changes
smsfadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smsfadviser.com Daily Mail and Mail on Sunday newspapers.

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Industry, consumer body back new super laws

Industry, consumer body back new super laws
investordaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investordaily.com.au Daily Mail and Mail on Sunday newspapers.

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ERFs to be proactively reunited with members

Print
Funds that are transferred from Eligible Rollover Funds (ERFs) to the Australian Taxation Office (ATO) are now required to be proactively reunited with a member’s superannuation account, or directly with the individual, where eligible, within 28 days.
The Morrison Government passed
the Treasury Laws Amendment (Reuniting More Superannuation) Act 2021 on 25 February to help reunite members with more of their lost super and to reduce the number of duplicate super accounts.
A joint announcement by the Treasurer Josh Frydenberg, and Minister for Financial Services, Superannuation, and the Digital Economy, Jane Hume, said the ERFs were intended to act as a temporary measure for members who lost their super accounts but that members’ money “languished” in ERFs for years. ....

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Reuniting Australians with more lost superannuation

Australian Treasury
The Morrison Government has today passed legislation that will reunite Australians with more of their lost superannuation.
The Treasury Laws Amendment (Reuniting More Superannuation) Act 2021 requires that accounts transferred from Eligible Rollover Funds to the ATO will, where possible, be proactively reunited with a member’s superannuation account, or directly with the individual where eligible, within 28 days.
This will remove large numbers of duplicate superannuation accounts from the system. By reuniting these lost accounts with their rightful owners, Australians will reduce duplicate fees and end up with higher balances.
ERFs were intended to act as a temporary measure for the benefit of members who had lost their superannuation accounts. However, in practice, members’ money languished in ERFs for years. ....

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