state government funds

Hedge Funds

Super SA launches new fund for low-income earners

The unique governance structure of state government funds has led public sector fund Super SA to develop a new scheme in response to the Commonwealth’s Low Income Superannuation Payment (LISC). Introduced last year, LISC helps low-income earners save for their retirement, by refunding the 15-per-cent tax deducted from concessional contributions (salary sacrifice and/or employer contributions) […]