This year the headline announcements are the bringing forward of tax cuts already announced in the 2018 and 2019 Federal Budgets, but there are also some interesting announcements around superannuation.
Set out below are all SuperGuide articles that relate to How super works.
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This is an extraordinary giveaway budget, driven by desperate circumstances that would have been inconceivable less than a year ago. The debt and deficit numbers are predictably eye-watering – but the gamble is whether they are big enough.
Accelerated tax cuts, cash splashes for pensioners, massive incentives for business to invest and a subsidy to hire unemployed people are the centrepieces of the Morrison government’s COVID-19 budget.
The Australian federal budget, unveiled on Tuesday, bases several assumptions on Australians having access to a COVID-19 vaccine in 2021.
The budget is a statement of faith, or hope.
This year’s budget is something of a play in two acts. Act one involves large economic stimulus to help plug the hole in output generated by the coronavirus pandemic. Act two tries to set Australia up for a bounce back in economic growth and employment that involves more than just waiting for the pandemic to end.
After two decades equating budget surpluses with good economic management, it might seem convenient that the federal government has changed its fiscal strategy just before the budget to focus on jobs over keeping the deficit in check.
It’s easy to get the impression the massive government spending and deficits and debt required by the pandemic are new. Yet for almost all of the years since Federation the Commonwealth budget has been in deficit.
The Federal Government’s updated economic outlook released last night includes a much more upbeat forecast for economic growth in 2021 than its earlier economic and fiscal update released in July.
The Government has committed $159.6 million over four years to implement superannuation reforms that it says will save members $17.9 billion over the next decade.
When you’re in your 20s, retirement can seem a long way off, but there are some important things you can do. Here are our 10 top tips to ensure your savings stay on the right track.
You’ve barely reached mid-career and retirement can still seem a long way off. But there are some important things you need to check when it comes to your super, so here are 10 top tips to help ensure your retirement plans are on track.
In your 50s you’ve turned the corner and are heading into the final career stretch before retirement. So now’s the time to start paying closer interest to your super and ensuring you are set up to reach your retirement goals.
In your 60s and 70s, super is still very important. There are important decisions to make and you need to keep a close eye on how your super investments are performing. Here are some tips on what to keep an eye on.
There are a series of hurdles you need to clear before you can access your super. The first is your age.