POWERED BY MOMENTUM MEDIA
Super reform could lead to branching out
Changes to the way superannuation is taxed and when members can access it may lead many to seek other options and hold investments outside of super, Centuria Life opined.
Commenting on the recently released Tax Discussion Paper, general manager, Neil Rogan, said he is seeing some investors thinking about diversifying into other investments.
He said superannuation reform could create confusion for people around their retirement strategy.
Rogan warned upping the super access age to 70 years old in line with the Age Pension could push people to diversifying into other investments that they can access more easily when they want to retire.
"If the access age increases it may disadvantage those who have the means to retire at 65 by taxing early withdrawals," he said.
"It may also impact how much you can withdraw at 60 and how much you can use as an income stream."
Rogan urged investors to think about investments like shares, property and life insurance investment bonds held outside of super.
Recommended for you
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
Market volatility continued to weigh on fund returns last month, with persistent uncertainty making it difficult to pinpoint how returns will fare in April.
The Association of Superannuation Funds of Australia (ASFA) has called for the incoming government to prioritise “certainty and stability” when it comes to super policy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
