Let's talk $3m super tax. There are currently around 80,000 super accounts with balances over $3m. Lucky them! That's 0.5% of the adult population.
Let's be clear though, that 0.5% are likely part of the top 10% of income earners, and they are already getting more tax breaks via super than any other cohort*.
So then you might ask - is that fair that the 0.5% keep on getting more tax benefit from super than anyone else? Or you might say, well they worked harder than anyone else so they deserve to keep every cent. Or maybe you're somewhere in the middle. But now you have the stats, you can make your own informed decision as to how the tax cookie should crumble. And you can ignore the hype from either side!
On a more near and present issue, our friends at Macquarie Asset Management are looking for a Disclosure Manager for their Client Solutions Group based in Sydney - more information here.
All the latest news, views and lots of upcoming events below.
ASFA National Legislation Discussion Group: Monday, 16 June at 1-2pm via Zoom. Topic is “Potential Legislative Changes” with guest speaker James Koval, Chief Policy & Advocacy Officer, ASFA. Register here.
ASFA Spotlight on Retirement: Tuesday 17 June 2025, 9.00am - 5.00pm. Melbourne. Register here.
CREW In-person Sydney Event: "Balancing Competing Risks"
Wednesday, 18 June 2025, Sydney - Details and register here.
If you're not yet a CREW member, sign up - women only, sorry blokes.
Money Management 37th Annual Fund Manager of the Year Awards:Thursday, 26 June 2025 at the Shangri-La, Sydney. Register here.I am a judge once again this year!
Annual Future Risks 2025: Superannuation Risks and Governance Conference, 9-10 July 2025, Sydney. Register here.I will be hosting a panel discussion on Governance Excellence in Practice.
CREW Webinar - Thursday, 24 July 2025 from 1-2pm via Zoom. Topic is "APRA’s proposed changes to CPS 510 Governance” with guest speaker Silvana Wood, Partner at Gilbert + Tobin. Registration details to come. If you're not yet a CREW member, sign up - women only, sorry blokes.
FSC - Shaping Advice in a Time of Change - 30 July 2025, 9am to 6pm, Sheraton Grand Sydney Hyde Park. Register here.
PDS Manager Roundtable - our next roundtable webinar will be held on Wednesday, 20 August 2025 from 12:30-2pm with special guest speaker Craig Parrish from Maurice Blackburn. Please contact Katie if you wish to join.
ASFA Investment Summit 2025 - 26 August 2025 at Howard Smith Wharves, Brisbane. Details here.
ENGAGE 2025 - Future of Member Engagement 2025 Forum - 25 and 26 September 2025, Sydney Central Hotel. Details here.
Our CREW Sydney in-person event for 2025 is to be held on Wednesday, 18 June at the offices of Norton Rose Fulbright, hosted by CREW member Liz Hastilow with guest speakers Anne Rozenauers and Abi Curtis. Our theme is "Balancing Competing Risks"and our fantastic panel of expert women will share their experiences and insights. Spaces are limited, book here. Women only - sorry blokes.
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In the spirit of reconciliation Mayflower Consulting acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past, present and future and extend that respect to all Aboriginal and Torres Strait Islander peoples today. Always was, always will be Aboriginal land.
