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.
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.
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.
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.
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.
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.
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.
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.
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.
Take the following 10 question quiz to test your knowledge on boosting your super with superannuation contributions.
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.
Simply put, superannuation is money you put in a super fund while you are working to provide income later in life when you retire.
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.
Australia’s current super system is “harming millions of members” through underperforming funds, multiple accounts and excessive fees.
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.