Sunday, 08 September 2024 20:04
HCF PARTNERS WITH SMITH FAMILY
HCF, Australia’s largest not-for-profit health fund, has partnered with The Smith Family to support 1,500 disadvantaged students through the Learning for Life program. This three-year collaboration aims to address educational inequality as a key social issue impacting health outcomes. HCF CEO Sheena Jack highlighted the partnership's role in driving societal change and improving long-term health through education. The initiative also involves HCF employees volunteering, emphasizing HCF's commitment to building healthier, more equitable communities across Australia.
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Sunday, 08 September 2024 20:02
OUR UNPAID SUPER BILL TOPS $5B
A NEW report reveals that Australia's unpaid superannuation issue, costing $5B annually, is worsening, depriving millions of workers of crucial retirement savings. The Super Members Council (SMC) urges urgent legislative reform to mandate super payments on payday and strengthen ATO compliance. With $41.6B in unpaid super over nine years, vulnerable groups like women and young workers are most affected. The government has pledged reforms by 2026, but swift action is needed to ensure timely and full super payments.
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Sunday, 08 September 2024 20:00
WHY WE ARE RETIRING MUCH EARLIER
A HESTA survey reveals that 49% of Australians aged 18-39 have taken action to plan for retirement, driven by cost-of-living pressures over the past year. This includes salary sacrificing and using online tools to track superannuation. In comparison, 44% of those aged 40-54 and 29% of those 55-plus have taken similar steps. The survey highlights growing awareness among younger Australians about the importance of superannuation for long-term financial security, with running out of money being their top retirement concern.
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