Superannuation isn’t something most people think about often—but maybe it should be. Research from the Super Members Council shows that Australians who understand their super feel far more confident about their finances.
When the new year rolls around, so do the superannuation suggestions, as regular as the countdown itself. But are these tips truly the fireworks they're made out to be?
From housing affordability to retirement income reform, superannuation is at the centre of some of the biggest financial conversations in Australia. If you’re wondering what’s next, we’ve got you covered.
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Building a comfortable retirement takes strategic planning and smart decisions about your superannuation. Whether you’re just starting your career or counting down to retirement, understanding how to maximise your super contributions and optimise your investment strategy can significantly impact your future financial security.
Pascale Helyar-Moray, professional speaker, first-time author, and founder of Grow My Money, is passionate about closing the gender superannuation gap.
After a quiet October, November brought welcome gains for superannuation members, with strong international share performance leading the way. SuperRatings estimates that the median balanced option delivered a 2.4% return for the month, helping to solidify what has been a better-than-expected year.
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Australia’s superannuation system continues its upward trajectory, with returns for the year up 13% and total assets also growing at impressive rates. As at September 2024 total assets have reached $4.1 trillion, of which $2.8 trillion are held within funds regulated by the Australian Prudential Regulation Authority (APRA).
As the superannuation industry has focused on helping us watch our balances (hopefully) grow into enough to retire on, the government has realised it’s been overlooking the people the system is ultimately for: those who are already retired and need help navigating retirement and managing their hard-earned savings.
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A new report from Australian Seniors, titled Inheritance & Retirement Report 2024 , reveals that nearly a third of Aussies over 50 have decided to postpone their retirement due to the rising cost of living, facing the compounding pressures of funding their own retirement while also having enough left over to leave to their kids.This balancing act has led to some interesting developments in the way families are distributing inheritances. The report found that a whopping 69% of older Austrlaians have already given or plan to give their inheritance to their children or grandchildren before they themselves pass away.
A new survey from Mozo highlights a concerning trend: a staggering number of Australians are willing to dip into their superannuation early, and without even knowing how much is in there in the first place. Talk about long-term consequences for their retirement!