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.
As you journey through your career, you may find yourself saving up for retirement. And in doing so, it’s possible that you’ve started thinking about whether your superannuation provider is still right for you.
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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.
Ever wondered about how and when you’ll access your superannuation?
With so many things to keep track of in our everyday lives, it’s easy to forget that you could have some lost superannuation sitting in an old fund you don’t use anymore.
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?
The next wave of retirees may face challenges in retirement without improved access to financial education in super.
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The Australian government is planning big changes to the superannuation system and has issued a consultation paper asking for everyone's ideas on how to improve the system’s ‘retirement’ phase.
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The Australian Prudential Regulation Authority (APRA) has released its 2023 September quarterly superannuation performance statistics report, which suggests that the superannuation industry is facing some challenges in the current economic environment but is still relatively well-positioned for the long term.
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In the 2022-2023 financial year, the ATO reclaimed $1.13 billion in Super Guarantee Charges, penalties for companies that fail to pay required super contributions on time.
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