Saving a deposit to buy your first home is a tough task, and purchasing an affordable first home can be an even greater challenge. The First Home Super Saver (FHSS) Scheme developed by the Australian Government is one solution, but it’s not for everyone. To help you get your head around whether the FHSS Scheme is for you, check out our 10-point guide.
Super for Beginners
This section will help you understand the fundamentals about superannuation, whether you are a complete beginner or need a refresher about how super works.
Learn about the key aspects about super basics in the following SuperGuide articles:
Set out below are all SuperGuide articles that relate to Super for Beginners.
10 hidden perks that make your super account even better
Besides being a great way to save for retirement, Australia’s super system offers some valuable – but little-known – benefits for super fund members. Here’s our list of the top 10 super benefits and how they can help improve your financial situation.
5-step guide to the different types of financial advice on offer
With politicians continuing to tinker with the rules around super and retirement income, many of us find we need some help to make a decision about these important financial issues. But while knowing you need advice is one thing, figuring out what’s on offer and where to obtain it is another matter. To help, we have created a simple step-by-step checklist to guide you through your financial advice experience.
Who to turn to if you have a problem with your super or financial adviser
Knowing who to complain to when you need help resolving a problem with your super fund or financial adviser can be confusing. Whether it’s a concern about poor advice, problems with unpaid SG contributions, or questions about how your private data has been handled, there are a number of organisations that can help.
7 ways your super fund manages investment risks
Like it or not, investing to grow a retirement nest egg involves taking some risks. Super funds use a variety of strategies to help reduce the inevitable investment risks they face as they work to deliver good investment returns to their members.
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How to select a retirement income calculator
Anyone who’s ever spent a few minutes popping numbers into their super fund’s online retirement calculator to find out if their retirement savings are on track knows it’s a confusing process.
How to read a super fund PDS
By the time you retire chances are that superannuation will be your biggest store of wealth outside the family home. Yet we tend to spend more time researching the best mobile phone plan or our next holiday than we do on our super.
Learn to love LISTO: Low income earners get their super tax refunded
It’s getting harder to pocket a tax refund these days, so when the Government is offering one for your super contributions, it’s worthwhile knowing just how you much you are likely to get.
Understanding the dynamics on which your super fund invests
The way the super industry tends to invest your money can be compared to a team sport, which more often than not involves third parties to execute investment strategies on their behalf.
Quiz: Boosting your super with super contributions
Take the following 10 question quiz to test your knowledge on boosting your super with superannuation contributions.
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Women and super: How to beat the odds
With the odds stacked against them, what can a woman do to improve her retirement prospects? Quite a bit as it turns out. Here are some suggested strategies for women at different ages and stages of life.
How super works: A beginners guide to superannuation
Simply put, superannuation is money you put in a super fund while you are working to provide income later in life when you retire.
Looking good? New beauty parade for super funds with ‘best in show’ proposal
A key recommendation in the new Productivity Commission report, the idea of employees being given a ‘best in show’ list for the top 10 performing super funds has been met with a hostile response from the super industry.
Super’s next shake up? Productivity Commission gets tough
Australia’s current super system is “harming millions of members” through underperforming funds, multiple accounts and excessive fees.
What you can expect from the Financial Services Royal Commission
Announcing a government inquiry is always big news, but when the Australian Government declared it was establishing a royal commission into Australia’s banks, it really made a splash.