One of the best deals in superannuation has only a slight connection to your life in retirement. Life insurance cover within super funds rarely makes the headlines but for many Australians they are getting cost-effective cover from their super funds. Life insurance is insurance that pays out in … [Read more...]
Note: The Q&As listed in this article have been revamped and updated for the 2012/2013 year. One of SuperGuide’s more popular initiatives has been the development of a ‘Super for Beginners’ section that answers some of the many questions that we receive from those readers who are new to … [Read more...]
Q: I know that industry super funds generally have a good performance – particularly because of low fees, but I wondered, what is the benefit of picking one for your particular industry? I understand how people in some industries may have similar needs but is that really true these days in terms … [Read more...]
Q: Hi, I am inquiring on behalf of my son who is unable to work at this stage of his life. It has been three years since he worked. He doesn’t have much in his super fund and it is going down every year. Is there any way to stop the bleeding of his funds? I will be ever grateful if you could … [Read more...]
A common and reasonable question is, what does a good super fund look like? Professional rating companies, such as SelectingSuper, SuperRatings and Chant West, evaluate and rate Australia’s largest super funds against criteria such as: investment performance number of investment … [Read more...]
Q: I am going to claim TPD from my super fund due to mental illnesses. My psychologist thinks I will be approved. I am 29 and have a lot of reports and evidence. I can hand in my forms in a few weeks time with everything there. Do you know how long will it take to be approved? Do all super people … [Read more...]
Merely thinking about your super means you're straddling the first major hurdle that most Australians face when planning (or not) for their retirement and looking into your future. As an employee, you have your employer helping you with your retirement plans by making compulsory super … [Read more...]
Choosing the right level of insurance cover within your super fund is one of the three big decisions you make when joining a fund, along with choosing your investment options and deciding how much you want to contribute to your fund. (I explain the insurance options available within your super fund … [Read more...]
Update: Good news for SMSF art collectors and SMSF trustees investing in other collectibles. On 30 July 2010, the ALP Government announced that it would not be adopting the Cooper recommendation to ban art and other collectibles from SMSFs. The Government intends to impose stricter storage … [Read more...]
Update: Good news for SMSF art collectors and SMSF trustees investing in other collectibles. On 30 July 2010, the ALP Government announced that it would not be adopting the Cooper recommendation to ban art and other collectibles from SMSFs. The Government has imposed stricter storage requirements … [Read more...]
Superannuation funds are now providing cheap (and in some cases, free) personal financial advice to super fund members with the blessing of the Australian Securities and Investments Commission (ASIC). In early July 2009, ASIC announced that it’s okay to provide personal financial advice over … [Read more...]
