What is superannuation? Superannuation is a structure that holds investments, just like outside super, with the difference being that it attracts massive tax concessions, but the money is inaccessible until retirement age. Read on to learn how you can make super work for you. Read on »
To answer the question ‘when can you access super?’, you will need to meet what is called a ‘condition of release’.
There are ten conditions of release, with four of them being for the purposes of retirement and six being for early release.
Read on to learn more. Read on »
In this article, we go through the two superannuation contribution types, their differences, limits, voluntary contributions types, and how to make contributions. Read on »
This article goes through the three superannuation account types, how they are each taxed, access and restrictions, and how to contribute and draw from them. Read on »
In your super, you can choose pre-mixed investments, single asset class investments, or lifecycle investments. Each of these has different characteristics, and we will go through each of their benefits and downsides so you can decide what investment style is best for you. Quick Links Pre-mixed investment options Pre-mixed options are ready-made, diversified investment portfolios made up of multiple asset classes, such as shares, property, cash and bonds. The amount of these asset classes in … Read on »
This article gives an overview of the three key points to consider when choosing how to invest your super and shows you the effect it will have on your future retirement nest egg. Read on »
The most fundamental part of financial planning is determining how much you should be saving for retirement. This article goes through a few methods for calculating that and shows you how to determine how much to be saved inside vs outside super. Read on »
If you’ve had a few different employers in the past, you may have multiple super accounts, which could be costing you more in fees. In this article, we’ll explain how to consolidate your super and things to beware of to avoid costly mistakes. Read on »
The First Home Super Saver scheme allows you to add extra money into super to buy your first property. The tax savings add up to thousands of dollars of free money by way of reduced tax (about $8,000). Read on to learn more about it. Read on »
If you are a low or middle-income earner, you may be eligible to get $500 added to your super with a $1,000 contribution of your own through the government super co-contribution scheme. You won’t find a better return on your money than a 50% risk-free return. Read on to find out if you (or your spouse or child)’are eligible. Read on »
Also known as ‘catch-up contributions’, from 2018–19, you can carry forward concessional contributions that were unused in the previous five years. Read on to find out the many advantages carry forward contributions can provide in your retirement funding. Read on »
Contribution splitting is one of the most underused super strategies despite offering so many important benefits beyond boosting your spouse’s super, and this is mostly due to the lack of awareness of the many super strategies available to them.
Read on to learn the long list of benefits of this strategy. Read on »