Posts tagged with "Superannuation"
The benefits of consolidating your super
If you’ve had a few jobs over the years, it’s possible that you’ve got a few different super funds with small balances in each. It’s easy to forget all about them until the annual statements arrive, but the sudden influx of paperwork can often leave you feeling dazed and confused. The Australian Securities and Investment […]
Read More87% of young Aussies want super taught at school
If you’re a young Australian who feels ill-equipped when it comes to superannuation know-how, it turns out you’re not alone. A recent study has revealed that a majority of young Australians view superannuation as important, but are being let down in terms of being taught about how the super system works. It found that 87% […]
Read MoreHow to save 100k by packing your lunch
Saving for retirement is the last thing on everyone’s list of priorities, however with living expenses increasing every year and ongoing market volatility it is important to start thinking 10, 15 and even 20 years ahead. If you’ve never run the numbers before on packing a lunch versus eating out everyday, then you might be […]
Read MoreSuperannuation: 1 in 3 women retire with no super
A report released by Industry Super Australia has shown Australian women retire with just over half the amount of super as men, and one in three women retire with no super at all. The report also says that 63 per cent of single women will fall below the benchmark, and it is estimated 45 per […]
Read MoreBuying property with your super fund: What you need to consider
Creating a self-managed super fund (SMSF) and using the money to invest in the property market might sound like a good idea in theory, but it has its drawbacks. “Borrowing to purchase assets outside super is far simpler and more tax-effective than borrowing in an SMSF,” writes Daryl Dixon for the Sydney Morning Herald. Here […]
Read MoreYour guide to the FY18 superannuation changes
On 1 July 2017, the biggest changes to superannuation rules in 10 years came into effect. They touched on everything from super contributions to pension drawdowns. While the headlines have been dominated by the new cap on people’s tax-free super retirement pensions of $1.6 million — a number most Australians won’t reach — there are […]
Read More5 strategies to implement in your 30s that will pay off in your 60s
A generation ago, most 30-year-olds were mature adults with houses, jobs, and even a couple of kids but today’s 30-somethings take a little longer to grow up. They are delaying marriage, babies and are also slower to settle into their careers. Unfortunately this means their finances often bloom later, too. To ensure you have enough […]
Read MoreWhy Gen X & Y should be looking at their superannuation now
According to a recent survey, a frightening number of young Australian’s are in the dark when it comes to their superannuation and only half are able to correctly identify what superannuation actually is. The poll of 1,007 people, aged 18 to 30, showed that 70% rarely or never think about their super. It’s alarming the […]
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