How super works

Set out below are all SuperGuide articles explaining How super works.

Financial advice: Only 78 independent financial advisers in Australia

Note: This article is updated regularly when new financial advisers join the independence club (latest update May 2016). A financial adviser does not have to be a member of the IFAAA to join the SuperGuide list, provided they can declare that they satisfy the requirements of being an independent … [Read more...]

Top 10 performing super funds for 2015/2016 financial year, and for past 10 years

The investment performance result for the 2015/2016 financial year (1 July 2015 to 30 June 2016), for the median growth superannuation fund, has delivered the seventh straight positive calendar year return, according to figures from rating company, Chant West.The median return for a growth … [Read more...]

Asset classes: Naming the investment winners for the 2015/2016 financial year

Australian property (both listed and unlisted), global listed property and infrastructure investments were the stand-out performers for the 2015/2016 financial year (1 July 2015 to 30 June 2016), according to rating company, Chant West.In the table appearing later in the article, … [Read more...]

Super funds gain 3% for 2015/2016 financial year

The median superannuation growth fund gained 3% in value for the 12 months to 30 June 2016, although the median fund lost 1% for the month of June, according to superannuation ratings agency, Chant West.The 1% median loss in June 2016, follows the 2.3% gain in May 2016, the 1.4% gain in April … [Read more...]

Problem with your adviser or super fund? A 2-step plan to resolve it!

Knowing who to turn to when you need help resolving a problem with your super fund or financial adviser can be tricky. There are a number of organisations that can help, but they all have different areas of responsibility and can help you in different ways.To help you understand what assistance … [Read more...]

Super complaints: What happens when your super fund lets you down?

Most of the time, Australia’s super system works very well and retirement savers are able to take advantage of their super fund’s extensive experience and knowledge in managing and investing their hard-earned retirement savings. But sometimes – even in the best of super funds – things can go wrong … [Read more...]

Superannuation changes: What rules apply for the 2016/2017 year?

Although the newly elected Coalition government has announced significant amendments to Australia’s superannuation rules, many of the big-ticket super policies are not changing, and many of the proposed changes will not apply for the 2016/2017 year.Apart from the $500,000 lifetime after-tax … [Read more...]

Cashing in on the co-contribution rules (2016/2017 year)

Note: This article explains the co-contribution rules for the 2016/2017 year (and later in the article, also for the 2015/2016, 2014/2015, 2013/2014, 2012/2013 and 2011/2012 years).The federal government is giving away money to anyone who makes a non-concessional (after-tax) contribution to … [Read more...]

Super concessional (before-tax) contributions: 2016/2017 survival guide

Note: The concessional contributions caps for the 2016/2017 financial year are not affected by the 2016 Federal Budget announcement to reduce the size of the annual concessional cap from 1 July 2017. For information about the proposed, lower concessional cap of $25,000 for all age groups, effective … [Read more...]

Your 2016/2017 guide to non-concessional (after-tax) contributions

SUPER ALERT! On 3 May 2016, the federal government announced an IMMEDIATE cut to the non-concessional contributions cap, including a cessation of the bring-forward rule (explained later in the article). Although this change has immediate effect, from 3 May 2016 (7.30pm), it is still subject to … [Read more...]