What is a retirement bonus? How can you qualify? The topic of retirement ‘bonuses’ comes up a lot. It’s one that can also cause a great deal of confusion, which probably comes back to the use of the term ‘bonus’. Receiving a bonus at work usually means...
A recent ASIC report into so-called ‘superannuation reviews’ has thrown the spotlight on just how risky quick super changes might be. The subsequent ABC TV report on these questionable super ‘review’ services revealed dangerous traps for those saving for...
You may recall in mid-April we shared a preview of 1 July changes to superannuation. Since then we have had many members asking questions about the various ways they might use the new contribution amounts to boost their retirement income. It seems that many...
It’s a very human need to want to know how you are doing compared with other people of your age and stage. It’s not the same as ‘keeping up with the Joneses’ which is a more competitive, status-driven urge. Knowing where you sit in the pecking order is very...
With the approach of the end of the financial year (EOFY) there’s a lot going on. Many retirees are watching and waiting to learn of any 1 July changes to deeming rates which have been frozen since July 2022. It’s anybody’s guess what will happen next, but...
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...
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...
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...
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...