NEWS

There are two choices to make in regard to a disability lump sum from a superannuation tax perspective, a senior technical manager said. Scott Quinn, senior technical manager for MLC, said on a recent webinar that those choices are either taking a disability lump sum first and then commencing a pension, or taking a disability pension first and then a partial lump sum from the disability pension – a partial computation from the disability pension. “There are pros and cons for

The gender superannuation gap is exacerbated by an outdated law that denies super to most under-18 workers. The Super Members Council is urging the government to  scrap the law after new analysis shows it widens the gender gap and can cost women up to $11,000 at retirement. Under current rules, workers under the age of 18 are only legally guaranteed super if they work more than 30 hours a week for one employer. The exclusion was originally made to prevent fees eroding low-bal

A will made on an iPhone has been declared valid in a recent appeal. In Wheatley v Peek [2025] NSWCA 265, the court confirmed that the iPhone note should in fact be treated as the deceased’s will and the original decision in Peek v Wheatley [2025] NSWSC 554 be reversed. Matthew Burgess, director of View Legal, said this decision re-confirms that courts can recognise informal statements as valid testamentary documents if it can be proven that the deceased intended the relevant