SCOA Australia SCOA Australia has written to Treasurer Josh Frydenberg regarding the issue of the calculation of the reversionary benefit in relation to the $1.6 million Transfer Balance Cap (TBC). An anomaly in the legislation means that the TBC is calculated on the full amount of the primary pension although the reversionary pension is typically only around … Read more
Tax Help program If you need help lodging your tax return, you may be eligible for the Tax Help program provided by the Australian Taxation Office. Tax Help is a network of ATO-trained and accredited community volunteers who provide a free and confidential service to help people complete their tax returns online using myTax. Tax … Read more
Many members contacted SCOA in early July 2018 after they received their payment summary from the Commonwealth Superannuation Corporation (CSC) and discovered that the amount showing the 10% tax offset was not included in the summary as it usually was. We have received the following information from CSC in this regard: So that your 2017-18 … Read more
The Australian Council of Public Sector Retiree Organisations (ACPSRO) today threw its support behind a call by the Defence Force Welfare Association (DFWA)’s call to have the Commonwealth Superannuation Corporation included in the Banking Royal Commission’s Terms of Reference. Go to ACPSRO’s page to read the DFWA’s arguments, their open letter to the Prime Minister … Read more
Following last week’s federal Budget, SCOA has provided a summary of the proposed measures that might affect some SCOA members. SCOA will provide more information about the measures and the relevant legislation as it comes to hand, both on the website and in SuperTime. CLICK HERE to read or download the budget summary. Canberra 15 May … Read more
At the end of January 2018 ACPSRO developed a short paper – ACPSRO – Consumer Price Indexation (CPI) – which explains why CPI indexation is not appropriate for setting any forms of income. Since then the ACTU has launched a major national campaign to obtain higher wages. Now that that campaign is well underway, ACPSRO has released … Read more
SCOA Australia’s President, Peter Illidge, has called on Opposition Leader Bill Shorten to reconsider Labor’s policy regarding dividend imputation credits announced last week. “Our members are hardly fat cats; meny have pensions of $40,000 or below. If they receive a fully franked dividend of say $1,000, they would currently receive a refund from the ATO … Read more
A General Meeting of SCOA Australia Incorporated will be held on Tuesday 10 April 2018 at 10.30am at the Pilgrim Hall (next to Pilgrim Church), 12 Flinders Street, Adelaide SA 5000. The purpose of the General Meeting is to seek approval from members to a number of proposed amendments to the SCOA Australia Rules in … Read more
SCOA Australia’s newly appointed President, Peter Illidge, today supported calls by the Shadow Minister for Defence Personnel to have the Commonwealth Superannuation Corporation (CSC) included in the Banking Royal Commission. Government employees have very little say in how their funds are invested or their scheme administered. “It is important that the CSC be included in … Read more
Union Shopper’s latest e-newsletter Click on the link to see some of the specials in the latest e-newsletter from Union Shopper. http://newsletter.unionshopper.com.au/2018/enews/february/ As a SCOA Australia member you can access Union Shopper discounts on just about anything you want to buy. Get all the details of the item you are after, then call Union Shopper … Read more