Super Members Council

Using super for housing makes homes more expensive, hinders ownership aspirations of young Australians, reduces retirement incomes, and likely leads to a significant long-term cost to the Budget, a Corrina Economic Advisory report authored by Saul Eslake has found.    In the report, Eslake, an independent economist, charts how many of Australia’s housing policies have fuelled demand, making homes more expensive.  He warns super for a house would be the worst of all.   The report points to 17 years of evidence from a similar New Zealand scheme to back its findings. Read the full report: https://lnkd.in/e-VzDnkN 

Our super system has been delivering strong returns for the past 32 years. And it will continue to grow now super has increased to 11.5% of your wages. This advice is general or factual in nature only. It is not financial advice about a particular superannuation product or class of superannuation products. To find out more go to HowSuperWorks.com

How does accessing superannuation early effect individual super balances in the long term? In this video, David Neal, CEO of IFM Investors, explains the importance of preserving your super until you reach retirement age. IFM Investors #Superannuation

Super is for retirement. This information is general or factual in nature only and contains unscripted views of participants to promote important conversations about superannuation that are not intended to influence financial decisions, including investment in or withdrawal from superannuation. It is not financial advice about a particular superannuation product or class of superannuation products. To find out more go to HowSuperWorks.com

Your super is a long-term investment. Keep it growing. 📈 This information is general or factual in nature only and contains unscripted views of participants to promote important conversations about superannuation that are not intended to influence financial decisions, including investment in or withdrawal from superannuation. It is not financial advice about a particular superannuation product or class of superannuation products. To find out more go to HowSuperWorks.com

We're delighted that Dr Emily Millane has joined the Super Members Council as our new Executive General Manager Policy.  Emily is widely respected for her deep expertise in super. Across her impressive career, she has worked for government, regulators, policy bodies and thinktanks.      Emily is a superannuation lawyer with a PhD in super, and a former partner at Impact Economics and Policy. She has held teaching and research posts at major universities and led pivotal policy research in the profit-to-member super sector.    “We’re excited by this stellar appointment – and the policy skills and leadership Emily will bring to our shared imperative to help 11 million everyday Australians retire in the strongest circumstances,” said SMC CEO Misha Schubert.     A very warm welcome, Emily!

Preservation is one of the principles of superannuation that should be enshrined in law. SMC analysis shows that 30-year-old who withdrew $20,000 from super could be left with about $93,600 less at retirement – leaving them dramatically worse off in their retirement years. In this video, David Neal, CEO of IFM Investors, explains the importance of preservation. IFM Investors

Announcing SMC’s new Deputy CEO, Georgia Brumby!     We are delighted to announce SMC’s Executive General Manager Advocacy Georgia Brumby has been appointed as SMC’s Deputy CEO. Georgia will work closely with CEO Misha Schubert to help deliver SMC's core priorities and business plan and retain her current responsibilities as EGM Advocacy.  SMC CEO Misha Schubert said "Georgia’s appointment as Deputy CEO recognised her leadership role at SMC that advocates for 11 million Australians with super."

Around a quarter of West Australian workers have been underpaid super - missing out on a total of $600 million in a year, new research shows. But a move to pay super more frequently could curb those losses. Super Members Council analysis of tax file data shows about 310,000 WA workers were short- changed an average of $1,900 each in 2021-22. Over five years, WA workers lost $2.6 billion. Read more: https://lnkd.in/eud337BB

Protect your future by safeguarding your superannuation. ✅ This information is general or factual in nature only and contains unscripted views of participants to promote important conversations about superannuation that are not intended to influence financial decisions, including investment in or withdrawal from superannuation. It is not financial advice about a particular superannuation product or class of superannuation products. To find out more go to HowSuperWorks.com