Investment performance: Super funds deliver 2.7% for July 2016

The median superannuation growth fund gained an impressive 2.7% for the month of July 2016, due to a sustained rally in Australian and international shares, according to rating company, Chant West.For the month of July 2016, Australian shares gained 6.4% in value. Over the same period, … [Read more...]

Retiring before the age of 60: the tax deal

If you retire before the age of 60, your super benefit payments are likely to be subject to tax — but not always. With the right structure, and usually with expert advice, many Australians retiring early can end up paying no tax.If you’re willing to wait until you turn 60 before you retire, you … [Read more...]

Tax-free super for over-60s, except for some

If you withdraw your super benefits after you turn 60 years of age, you can expect to pay NO tax on those super benefit payment, unless you are a member of certain public sector super funds (see summary table at the end of this article).Due to the large number of emails I receive on this topic, … [Read more...]

Want investments that help you sleep? Understand your risk profile

Everyone is different and when it comes to investing, some people find themselves tossing and turning in bed, while others sleep easy. As an investor or super fund member, the key to getting a good night’s rest is to pick the investments (or investment options in your super fund) that match your … [Read more...]

Super fees: Top 10 cheapest funds in Australia

Note: This article contains the latest available fee information. In this article you can find the cheapest super funds and the cheapest super pension funds. We update this article periodically with fee data issued by SuperRatings, and for pension funds, by SelectingSuper. Latest update was August … [Read more...]

Super stars! Top 30 super funds over 5 years

Note: This article lists the 30 top-performing super funds over 5 years to 30 June 2016. For the top-performing pension (retirement) funds, see SuperGuide article Super performers! Top 30 pension (retirement) funds over 5 years.The investment performance articles on the SuperGuide website are … [Read more...]

Retirement performers! Top 30 pension funds over 5 years

Note: This article lists the 30 top-performing pension (retirement) funds over 5 years to 30 June 2016. For the top-performing super funds, see SuperGuide article Super stars! Top 30 super funds over 5 years.Discovering the best-performing super funds is always fascinating reading (at least for … [Read more...]

2016 Federal Budget summary: Superannuation shock for Australians

Note: This article is regularly updated reflecting the latest information available on the superannuation changes announced in the 2016 Federal Budget, and to become law before 1 July 2017.On 3 May 2016, the federal treasurer Scott Morrison released the first federal budget of his career, and … [Read more...]

Transition-to-retirement pensions: Will TRIPs stay, or will they go?

On 3 May 2016, in the 2016 Federal Budget, the Coalition (Liberals/NP) government announced that, from 1 July 2017, it intends to remove the tax exemption on pension fund earnings financing a transition-to-retirement pension (TRIP). Subject to legislation, the removal of the tax exemption on fund … [Read more...]

Excess contributions rules: A quick summary

If you plan to make superannuation contributions to a super fund, you need to be mindful of the contributions caps for both concessional (before tax) contributions and for non-concessional contributions. You also need to understand the financial (or other) consequences of exceeding those … [Read more...]