THE SOAPBOX

The must-read section of SuperGuide. These popular and compelling columns generate debate about issues affecting Australians planning for retirement, or living in retirement.

Each month, we draw attention to an area of our superannuation system that needs improvement or deserves recognition. Trish Power's views in the columns are informed, and independent.

Below are some of our key THE SOAPBOX articles:

Set out below are all SuperGuide articles explaining THE SOAPBOX.

2016 Federal Election: What superannuation and retirement policies can you expect?

Save the dates! The May 2016 Federal Budget is to be released on 3 May 2016, rather than its usual date of 10 May 2016. Linked to the Budget night change, Prime Minister Malcolm Turnbull has confirmed the federal election is highly likely to be held on 2 July 2016 (since the Senate hasn’t done what … [Read more...]

Women and super: A worry-free financial future is possible

Before I wrote Super Freedom: A woman’s guide to superannuation, I had often discussed the need for a practical non-technical book for women on superannuation. The first question I was asked when I told some female friends that I was writing a book for women on superannuation and retirement was: … [Read more...]

Double contributions tax for high-income earners

Note: Currently, anyone earning an adjusted taxable income of more than $300,000 pays an extra 15% tax (total of 30%) on super contributions. The ALP has announced a policy to bring the income thresholds down to $250,000. The rumour is that the Coalition plans to reduce the income threshold to … [Read more...]

Temporary Budget Repair Levy: More income tax for high-income earners

Note: In rare bipartisanship, the ALP supported the Coalition’s decision to temporarily increase the marginal tax rate by 2 percentage points for those Australians earning more than $180,000. The higher tax rate became law, and applies from 1 July 2014 until 30 June 2017 (3 financial years).In … [Read more...]

Want to make 50% return on your super money?

If you earn less than $50,000 or so a year, or your spouse or children earn less than $50,000 or so a year, then you, or your spouse, or child, have a window of opportunity within the next few weeks (by June 2016) to potentially make a 50% return on your money when you make an after-tax super … [Read more...]

SMSF investment: Borrowing to invest can be the means, not the end

As a property and share investor for nearly 30 years, I believe the use of borrowing can be a legitimate means to purchase assets, but gearing is not an investment in itself: it is simply a means to invest with associated costs and extra risk.Over the years, I have spoken to thousands of … [Read more...]

Financial advice: Only 76 independent financial advisers in Australia

Note: This article is updated regularly when new financial advisers join the independence club (latest update March 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...]

Super alert! Have your say on the objective of superannuation

What do you think is the objective of our superannuation system?  The federal government believes that the primary objective of the super system “is to provide income in retirement to substitute or supplement the Age Pension”.Do you agree? Or do you have a different view? If you have an … [Read more...]

Gender gap on super boards: Large funds perform poorly

During February 2016, the Australian Prudential Regulation Authority (APRA) released comprehensive statistics on the 200 (or so) largest super funds in Australia.One of the more interesting discoveries from slicing and dicing the statistics, is that the largest 20 super funds control nearly … [Read more...]

Excess contributions: Happy ending to a super horror story

Note: This article contains good news for those worried about exceeding the super contributions caps. The excess contributions rules are now a lot fairer than in the past. This article also explains the unfair rules that used to be in place before July 2013.You can make two types of super … [Read more...]