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We often hear questions about the distinction between lost and unclaimed superannuation. It's a common point of confusion for many managing their retirement savings, but it doesn't have to be.
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Understanding superannuation contributions is crucial for optimising your retirement savings. And it's not just about relying on your employer's mandatory contributions.
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For Australians considering the future of their superannuation, retail super funds provide an option worth exploring. These funds, operated by financial entities, offer an extensive range of investment opportunities, coupled with a suite of financial products. Grasping the intricacies of retail super funds is crucial for informed retirement planning.
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Considering boosting your super? You're not alone. Salary sacrificing into your super is a smart move many Aussies are making to secure a better retirement. It's not just about stashing away more cash for the future; it's also about smart tax moves today.
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Tax on super affects each stage of the super journey, from the initial contributions, through to the earnings phase, the final withdrawal of funds, and even after death. These tax implications are influenced by various factors like the type of contribution, age and income level.
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Have you ever spotted the term 'unique superannuation identifier' (USI) peeking out from your superannuation statements, or perhaps during the initial paperwork of a new job?
Part of the onboarding process when you start a new job typically involves filling out a superannuation choice form. And as you go through different employers throughout your career, it’s possible that you’ll join several super funds along the way.
It pays to know where your nest egg is being invested, not only to get the most out of your super fund in retirement, but to make sure the selected investments meet your expectations.
Found a super fund you like better? Making the switch is easy and you can do it all online! Here’s what to do…
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Travel and relaxation are commonly associated with retirement, but getting there usually takes some financial planning.
An industry fund in the superannuation world is run only to benefit members and was initially set up by unions for workers in specific industries or trades. They tend to have lower fees and aim to give their members a profit, which is why they are often called profit-for-member funds.
If you’ve fallen on hard times with your personal finances, your focus might be how to access some funds quickly. Tapping into your superannuation fund can help you out of a bind if you don’t have any other option.
Have you ever considered that a few minutes of checking could unlock thousands of dollars in potential investment earnings? Believe it or not, the ATO has unearthed over 7 million lost or unclaimed superannuation accounts, amassing more than $16 billion. That's an average of $2,276 per account, which could blossom into more than $20k over 30 years based on a 7.5% return*.
Ever wondered about how and when you’ll access your superannuation?
Super terminology is not for the faint of heart, with numerous legislation and conditions lathered in industry jargon. If you are looking into withdrawing your super and how to go about it, you might have come across the term preservation age.
When thinking about your retirement, one of the decisions that you will make for your superannuation is the choice between a managed fund, or a self-managed fund.
Are you just starting out in your career, or are you a seasoned expert within your field? Either way, you might be thinking about your super fund and what your employer obligations are for paying you super.
When choosing a superannuation fund, more Australians have recently searched Google not just for annual returns or fees but how the fund invests their money. Ethical super funds have therefore taken off as a way to align our values with our money: saving for retirement while saving the planet.
Unless you’ve got a firm retirement plan, it can be tricky to pinpoint your goal with superannuation. So let’s break it down: how much money do you need for retirement?
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Super funds have been on a positive trajectory, with March marking yet another month of strong performance.
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A report by investment firm Challenger has put into numbers what many of us have suspected all along: happiness in retirement relies in large part upon being financially secure. While physical health is the number one priority, financial stability is not far behind, especially in today’s economic climate.
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Super fees are a pesky reality of growing your retirement savings, but with a bit of know-how, you can keep them from nibbling away at your future wealth. This guide helps you navigate through these superannuation fees, shedding light on how to cut down on them effectively.
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February brought a win for super funds and their members, with SuperRatings reporting a solid 1.8% increase for the median balanced option. This boost isn't just for the month; it's part of a bigger trend that's seen a 6.7% rise over the first eight months of the financial year.
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