The number of Australians paying more than the minimum required amount into their superannuation fund has been on the decline in recent years, leaving more Aussies at risk of an unstable retirement, according to Roy Morgan.
The average age at which Australians intend to retire has increased by more than four years over the past decade, new research has found.
Industry Super is calling for super on parental leave and to scrap the Super Guarantee threshold to combat the gender super gap in Australia.
Australians wanting to take a “do it yourself” approach to their superannuation may be better served by a self-managed super fund (SMSF) if they already have healthy retirement savings available, while those with smaller super balances may not get the best returns from a SMSF, according to a new report.
If your superannuation is held by a bank-owned fund, the value of your retirement savings may not have grown at the same rate as a not-for-profit fund, according to new data.
A December 2017 rally provided enough of a boost to push estimated annual returns on Australian superannuation funds into double digits. This annual return is understood to not only be the sixth positive annual return in a row, but to be well above the annual 10-year average.
The Australian government is reviewing the rules surrounding the early release of superannuation, and seeking consultation from the public on when super should be claimed.
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