The summer break presents a great time to slow down, think and catch up on many things we’re too busy with during the year. One of them is our finances. We know from our members that many find superannuation too confusing for words. So today we’re taking the...
Here are some surprising things that you may not know about your super. Most surprising to many is that your Will doesn’t automatically determine who gets your super. The trustee of the fund often makes this decision. A recent newspaper report...
Articles and information on superannuation usually fall into one of two types – what you need to know when you are saving it, and what you need to know when you are spending it. Much of the coverage of superannuation funds can be similarly narrow. Comparing...
The most commonly asked questions in retirement income are ‘Will my money last as long as I do?’ And ‘Am I in danger of running out?’ The problem is, there is no really useful way to respond. The correct answers to these two questions are ‘probably,...
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...