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Curious about how much superannuation you need for a comfortable retirement? Ignore the “average balance by age” charts you typically see in response to this question, as current balances are clearly not a benchmark for how much you should have (as you'll see later).
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Starting a new job usually comes with a bit of admin: tax file number, bank details, onboarding docs… and somewhere in there, your employer will ask where to pay your super.
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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Ethical super funds have taken off as a way to align our values with our money: saving for retirement while saving the planet. But what is an ethical super fund? And how can you tell if it’s the real deal? Let’s find out!
Have you ever noticed the term 'unique superannuation identifier' (USI) popping up in your superannuation paperwork or online statements?
The super guarantee rate—sometimes called the superannuation rate or compulsory superannuation rate—is a key part of how Australians save for retirement.
A self-managed super fund (SMSF) offers a unique opportunity to take full control of your superannuation investments, provided you're ready for the commitment involved,
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Retail super funds give Aussies the chance to have their retirement savings managed by banks and large investment companies. But is this the right choice for you? Let’s explore what they offer and weigh up the pros and cons.
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When you select a super fund, you're essentially deciding which company or organisation will manage your money. However, each fund also offers you some degree of personal control through the investment options they offer.
Spreading your retirement savings across multiple super funds is a surefire way to increase your mental load and potentially raise your fees. If that’s your thing, more power to you. But for the rest of us, consolidating those superannuation accounts is probably the smarter move.
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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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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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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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You’re probably aware by now that you can get insurance through your super fund. It’s a convenient and often cost-effective way to ensure financial protection for you and your loved ones. But is it the right choice? Let’s look at the benefits and drawbacks to help you decide.
Though originally started for members of specific industries, industry super funds have since opened their doors to the public, becoming a favourite option for many Aussies.
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Superannuation does more than just fund your retirement. It's also a handy financial tool that offers an array of benefits like tax advantages, growth opportunity and even cheap insurance cover. So what are the major superannuation benefits? Let’s find out!
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Eager to access your superannuation but unsure about the timing?
Need to access your superannuation early but not sure if you qualify?
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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.
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*.
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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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You’ve got the new role, which is a huge relief! Now comes the messy part: the HR paperwork. Every document feels important, but let's be honest, you're probably just trying to find the quickest way to the bottom of the stack, especially when you hit the superannuation bits.
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Over the past 10 years, my super fund has achieved a return of more than 10%, an impressive rate by any measure.
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As you do in an editorial room, we were kicking around story ideas when one of my colleagues - let's call her Emma - mentioned she’d once received a letter from her super fund admitting her investment option was a dud. This is the kind of letter they’re legally required to send when a fund’s MySuper option fails the government’s performance test and has to shame itself to its members.
For years, the superannuation industry wasn't exactly known for being exciting. Then Spaceship Super launched in 2017 with a simple idea: what if you could invest your retirement savings in the kinds of forward-thinking, global companies you were actually interested in?