Superannuation Articles

Superannuation changes from 1 July 2024

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?

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

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...

Limits on super will increase: What this means for you

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’

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...

Why you aren’t allowed to contribute more to super

Why you aren’t allowed to contribute more to super

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...

From saving to spending: Don’t get caught out

From saving to spending: Don’t get caught out

Some government reports can be as dry as dust, particularly those covering the finer points of superannuation legislation. The good news is that members of our team at Retirement Essentials read all the reports and legislation changes so you don’t have to!...