Super funds that offer income protection
In a (mostly) post-pandemic, pre-recession world, many Australians are thinking about their financial futures. While you may be looking at setting up an emergency savings account, or checking if your superannuation balance will be enough to cover your retirement, these might not be enough if you were to find yourself unable to work for an extended period due to illness or injury.
How to know if you can afford to retire
While there’s no set-in-stone timeframe, you can help calculate whether you can afford to retire based on a few factors.
How millennials can become millionaires
The media is full of stories about how millennials are doomed to live poverty-stricken lives. But it doesn’t have to be that way.
How do I consolidate my superannuation accounts?
Many Australians have multiple superannuation accounts, which they’ve acquired after swapping jobs during their career.
What are industry superannuation funds?
Industry superannuation funds are funds that are owned by members rather than shareholders.
What is the superannuation guarantee?
The superannuation guarantee rate is the minimum percentage of your salary that your employer must pay into your superannuation fund.
What happens to my superannuation if I divorce?
You or your partner could be forced to surrender part of your superannuation if you divorce, just like with other assets.
What is salary sacrificing?
Finding additional ways to increase your super balance could help you live a comfortable post-working life. This is where making salary sacrifices comes into play.
What is an SMSF?
An SMSF is a self-managed superannuation fund. SMSF members directly invest their own retirement savings, instead of paying others to do it on their behalf.
Changes to the pension asset test to come into effect Januar
For those who receive, or that are planning to receive the aged pension, it would pay to double check your eligibility in light of changes to the asset test that will come into effect in the new year.
Making sense of the super changes
After backlash from both savers and crossbenchers, the Government came to a compromise last week and shelved one of its most controversial super plans.
Retirement funding gender gap closing slowly but surely
The average net worth of Australian women in the pre-retirement phase (aged 50-64 and still working) has increased by 26.8 per cent in the past 8 years, bringing it closer than ever to that of their male counterparts.
Super pay out: Income streams trump lump sums
New data released by the Australian Bureau of Statistics this month shows an increasing number of retirees are choosing to access their superannuation through an income stream rather than by receiving lump sum payments.
Does your super fund measure up?
Superannuation is one of those topics that gets filed away in a drawer to think about later. But this shouldn't be the case. Many of us will be drawing on our super for 30 or 40 years, so if it's currently being eroded by heavy fees or improper investments, it's time to take action.
Today's top superannuation products