I think super is a terrific way to save for retirement. You start a job and your employer is legally obliged to contribute into your superannuation account - currently 11% of your ordinary time earnings and increasing to 11.5% on 1 July 2024. ...
Superannuation Articles
Superannuation changes from 1 July 2024
When it comes to retirement, forewarned is forearmed. This is definitely the case as we approach the End of Financial Year (EOFY) when many rules will change. Today we are sharing updates on five different super rules that may affect your own financial...
Aged care funding: Is your super up for grabs?
The Aged Care Taskforce report was finally released in mid-March. It answered some difficult questions and raised a whole lot more. The goal of the taskforce was to consider how aged care services might be funded more equitably and sustainably. Shortly...
Five ways to boost your superannuation
Many Australians, women in particular, enter retirement with relatively small superannuation balances. So when we write about super, and some of the great benefits of having money in super, we often get questions about how to boost your super. Take this...
Choice super funds fail the test: Underperformance affects 7.5 million
Australian super fund returns for Calendar Year 2023 were robust, with an average 9.6% return reported for balanced funds. But not all super funds deliver in the same way. And somewhat ironically, the category called ‘Choice’ funds has been called out for...
Limits on super will increase: What this means for you
On 1 July the limits on super contributions will increase. This increase will apply to both concessional and non-concessional super contributions, so there’s something in this for everyone. It’s the first such rise in contribution limits for three years, so...
Hitting the super sweet spot: Don’t just ‘get by’
There has been a veritable deluge of research, insights and survey findings about retirement funding in recent times. With nearly 700 Australians retiring on a daily basis, this is unsurprising. Retirement does indeed seem to be ‘the new black’. But the more...
Want to contribute more to super? Then why aren’t you allowed?
Help, I’m 76 and want to contribute more to my super, but I’ve been told I can’t! This was the cry for help we received from Albert last week. He’s just turned 76 and came into some money unexpectedly, through a lottery win. He’s decided he doesn’t have...
Super just getting stronger: What did your fund earn in 2023?
Staying the course has long been the preferred option for superstar investors like Warren Buffet and Vanguard founder, Jack Bogle. What does this mean? It means taking a long term perspective on your investments. This can be easier said than done during a...