Recently released data shows that 28 Australians hold more than $100 million in super and 107 hold more than $50 million. These look like eye watering numbers, particularly when you realise that the earnings on these super accounts are taxed at the...
Last week Laura asked us a question, which on the face of it, is quite straightforward: ‘I have switched my super to pension mode and so I now have an Account-Based Pension. Does this mean I can’t move any more money into super?’ Well it might, but it...
We recently reported on a statement by Aaron Minney, head of research for annuities provider, Challenger, which we believe is a massive game changer. Aaron said that it’s important for retirees to stop viewing their super as a ‘nest egg’ and to consider it,...
As we noted last week, it’s easy to get basic super rules wrong. It doesn’t matter much if this is in a quiz. But if you make a mistake with your own money, that can be painful. There are two different contribution rules which can be used to significantly...
About this time of the year your annual superannuation statement should drop into your inbox. Or perhaps it comes by mail. If you bother to open it and check the detail you’ll be in the smart segment of Australians who actually care about the performance of...
Here’s the results to our quiz We know that the overall level of engagement with super savings is quite low across the population. If you are in your 30s - say 20 - 30 years before Preservation Age – this lack of interest is not exactly ideal, but perhaps...
The recent regulatory report card that found that super funds are not providing sufficient retirement income support has sparked a discussion about the role that funds can and should play in members’ finances. But there is a fine line between helping...
How can you make the most of your home in retirement? Last week we looked at the ways homeowners can maximise their retirement income by using this very valuable asset. Our focus was on those who plan to stay put in their ‘forever’ homes. This week we...
Find out with this easy five-question quiz The rules of superannuation can change according to your age and circumstances. Today we have a fun, five-question quiz to test how much you know about your own super options. Why not take it and see how you...