Rise in costs for retirees, APRA releases latest super statistics, Returns not the main driver for SMSF trustees, Financing ageing in place for older Australians, Financial advice boosts wealth and health
Set out below are all SuperGuide articles that relate to How super works.
What are the accumulation and retirement phases of super?
Superannuation has two broad phases – the accumulation and retirement phases, but it’s important to note that they aren’t distinct. Someone can have some of their super in accumulation and some in retirement.
Super for beginners: How superannuation is taxed
This article broadly explains how superannuation is taxed, including when you make contributions, as your super grows, and when you access your super.
Quiz: Employer super responsibilities
Take this 10-question quiz to test your knowledge on the superannuation responsibilities for employers.
Key observations from the Retirement Income Review
It’s quite a challenge to succinctly summarise the 233,117 words of the Retirement Income Review, and the report itself will be dwarfed by the coverage it receives in the coming weeks, months and years.
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Video: Industry experts respond to the Retirement Income Review
Tracey Spicer talks to industry experts, including Stephen Koukoulas, Andrew Boal and Brendan Coates about their takes on the Retirement Income Review.
Retirement Income Review finds 9.5% super is enough
The wisdom of increasing compulsory super next July is not the only reason the Retirement Income Review was eagerly anticipated, but it certainly added fuel to the fire.
What matters is the home: Review finds most retirees well off, some very badly off
Most retired Australians are at least as well off in retirement as they were while working, but not all. The huge exception is retirees who do not own their own homes.
Retirement Income Review finds problems more super won’t solve
It would be a waste if the Friday’s mammoth Retirement Income Review was remembered only for its finding that increases in employers compulsory superannuation contributions come at the expense of wages.
Workers bear 71% to 100% of the cost of increases in compulsory super
The government’s much-anticipated Retirement Income Review has found that increases in employer’s compulsory superannuation contributions are financed by reductions in workers’ wage growth.
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Super news for November 2020
Interest rate cuts will hurt retirees, Ground-breaking research on future advice, Missed or unpaid super, More workers support ESG factors, 2020 Shonky Awards results.
How redundancy and retirement impact your employees’ super
Determining termination and super payments when employee’s leave can be confusing, learn how you can successfully navigate this process.
Employee or contractor for super purposes? How to tell the difference
Employers generally don’t pay super for contractors, but it’s tricky to work out how they differ from employees. Here’s some rules to help you understand the difference.
How to create an effective salary sacrifice arrangement with your employees
Salary sacrifice arrangements need to meet the rules if you want them to be deemed effective, which is essential if to avoid problems with the ATO.
Employee super contributions for the self-employed and micro businesses
Many self-employed people forget about super but making contributions can have lots of benefits. It’s also important to ensure you make contributions if you employ any staff during the year.