Industry pitches for joint super funds for couples

  • 📰 theage
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 77%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Allowing couples to have joint super accounts is being recommended by major funds and consulting funds as part of a bid to overcome the gender income gap in retirement

Among the consulting firm's recommendations was the introduction of couples' super accounts, which would treat retirement finances from a household perspective rather than at an individual level.

RiceWarner has also suggested joint accounts as a way to reduce the number of super accounts, remove unnecessary costs and help "reduce the female retirement savings shortfall as couples would plan their retirement finances together". The SMSF Association, representing the self-managed super fund sector, also backs the proposal for joint accounts to be an option extended to all super funds, saying that as couples make decisions together - often involving one partner sacrificing to support the other - this should be how the system works.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is a brilliant idea - saves a set of fees. Just need to double the allowances. Eg $100k per annum in after tax contributions and $25k in before tax.

NO, THAT'S A BAD IDEA.

China is responsible for producing 40 percent of the active pharmaceutical ingredients (APIs) for the pharmaceutical world. China supplies 80 percent of key starting materials (KSM’s), which are the chemicals in APIs, to India. represents 70 percent of all APIs

Men being conned and fleeced.

Why would it matter unless they plan on divorcing? Why do leftists always want to attack and belittle the male provider role?

Ireland Ireland Latest News, Ireland Ireland Headlines