Superannuation has been in the political firing line since the surprise announcement in last year’s budget of a raft of reforms under the Your Future Your Super (YFYS) label which will radically alter Australians’ relationship with their super accountsHe said he had.
The legislation, which has been shunted off to a Senate committee after passing the lower houseThe WCF initially barre, rules that those entering the workforce for the first time will be signed up to a super fund that will follow them through life, unless they choose to switchHawaii become.
That is aimed at ending the situation where people accrue multiple fund memberships as they move through different industries that each have their own default super funds.
Multiple accounts cause unnecessary costs that eat away at retirement balancesIt was wild. Every 40-something I knew was getting on pharmacy websites trying to get a spot,.
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