5 ways to boost your Super with contributions before EOFY Looking to give your superannuation a boost before the end of the financial year? Look no further! Follow these five savvy strategies to maximise your contributions and make the most of your superannuation savings: 1) Consider additional Concessional Contributions (Pre-Tax […]
SMSFs: Are they worth the effort for average investors? The option of controlling your own financial destiny in retirement, by setting up a Self-Managed Super Fund (SMSF), appeals to many Australians. There are around 650,000 SMSFs operating in Australia, with over one million members and estimated assets of more than […]
It’s not really a sacrifice If you are earning more than you need to live comfortably, salary sacrificing may be an attractive option to reduce your tax, boost your superannuation and prepare for a more comfortable retirement later on. Salary sacrificing simply involves having part of your salary paid into […]
How does Australia’s pension plan stack up? One in six people will be over 65 years old by 2050. With the world’s population ageing quickly, it is natural to think about how pension systems around the world will cope, particularly in Australia. Fortunately, Australia’s three-component retirement income system means our […]
Super contributions explained . . . easily The superannuation rules have become simpler and more generous over the years, but understanding what they mean for you can still seem confusing. Here is a simple explanation of super contributions. Just refer to the table below for specific details and read further […]
Frequently asked questions about super If the ins and outs of superannuation leave you confused, the answers to these frequently asked questions will help you understand the basics. How much do I need to retire? According to the Association of Superannuation Funds of Australia (ASFA), a couple requires savings of […]
Scattered super? Consolidate now! I have to admit, I get a real buzz when I hear someone talking about not knowing what to do with their money. The buzz comes from the excitement I feel knowing that I can help them. It might be in some small way, but […]
Ethical investing – putting your super where your heart is Millennials – take a bow. Not only are you concerned about how your super is invested, you are more likely than other age group to act on your beliefs when choosing a super fund. Research commissioned by the Responsible Investment […]
Your super: A scammer’s new target In a recent media release, the Australian Securities and Investments Commission (ASIC) warned about a new scam doing the rounds. Scammers attempt, through cold calls to superannuation savers, to extract personal and super fund details by offering incentives in the form of gift cards, […]
Salary sacrifice vs personal contributions to super If you are an employee, there are two ways in which you can optimise the tax-effectiveness of your additional super contributions: opt for a salary sacrifice arrangement, whereby your employer makes additional superannuation contributions beyond the compulsory superannuation guarantee (SG) amount from your […]