Superannuation News

The $20k cost of withdrawing your super early

Millions of Australians have already accessed their super early due to the impacts of the COVID-19 crisis, however there is a downside to raiding your nest egg – and it could seriously cost you.

Alex RitchieJun 30, 2020( 4 min read )

ATO investigating “dodgy schemes” exploiting early release of superannuation

The Australian Taxation Office is cracking down on workers who have made fraudulent applications to dip into their superannuation.

Alison CheungJun 26, 2020( 3 min read )

5 things to know if you're thinking about making a second super withdrawal

As the end of the financial year approaches, so too does the second round of early superannuation withdrawals.

Alison CheungJun 22, 2020( 5 min read )

Young women majority of Aussies dipping into super

Young women make up half of one fund’s members withdrawing superannuation early under the government’s early release provisions, many of which are low-income earners, according to superannuation fund, HESTA.

Alex RitchieJun 20, 2020( 4 min read )

Six ways to boost your super balance

For those who are in a tight spot with their super, RateCity has put together six ways to realistically grow your retirement funds.

Alison CheungMay 30, 2020( 4 min read )

Superannuation funds stage partial recovery as market confidence improves

Median growth superannuation funds rebounded slightly in April, after taking a major hit in previous months due to COVID-19

Alison CheungMay 22, 2020( 4 min read )

More than a million Aussies unaffected by COVID-19 want to draw cash from nest eggs

More than 1 million Australians whose financial situations have not been hit by COVID-19 plan to take money from their superannuation early, a new poll indicates.

Alison CheungApr 22, 2020( 4 min read )

617,000 of Australians affected by COVID-19 rush to dip into superannuation

Nine days was all it took for nearly 620,000 people to indicate they intend to pull money out of their nest eggs.

Alison CheungApr 14, 2020( 3 min read )

How dipping into your superannuation during the COVID-19 crisis could lose you money

Australians could cop major losses by dipping into their superannuation to make it through challenging conditions caused by the coronavirus pandemic, superannuation experts warn

Alison CheungMar 25, 2020( 5 min read )

Australian growth super funds see best returns in seven years

Australian superannuation funds performed strongly in 2019, but experts warned against expecting this level of growth to continue in the long run.

Alison CheungJan 21, 2020( 3 min read )

What is an SMSF and should you get one?

If you have a lot of super and understand the financial and legal responsibilities, an SMSF could be of more benefit to you than an APRA regulated super fund.