Industry funds losing their edge

Retail superannuation funds have outperformed industry funds so far this financial year with industry funds looking to have significantly lost their edge ever since the Global Financial Crisis. The degree to which industry funds have lost their performance edge has been indicated by the fact that research and ratings houses are now using 15-year rather…

No deal in federal budget for single-income families

by Terri M. Kelleher News Weekly, May 23, 2015 Australia has one of the most hostile tax systems in the world for single-income families. Double-income families have access to two tax-free thresholds whereas single-income households, by definition, have access to only one. Senator Matt Canavan A single-income household (with income of $120,000) pays about $10,000…