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  • Super boosterGetting the most from your super means understanding how it works and knowing how to choose the right fund. Super Booster brings both these crucial areas together in one place – designed to help everyday Australians unlock smarter saving, strategic investing, and more confident decision-making.
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  • Retirement plannerPlanning for retirement can seem daunting but putting it off can cost you a personally fulfilling, financially secure retirement. Superguide’s range of retirement planning resources helps you to understand the key issues and provide you with valuable guidance on strategies that can improve your retirement income, including case studies. It’s never too early to start preparing for a stage of your life that could last more than three decades – a long time to regret missed opportunities. You may like to begin using the seven easy steps in how to plan for your retirement which include imagining what your dream retirement looks like and thinking about how long it may last, what it will cost, whether your savings are on track, and what you can do to close the gap. And if you need a little help tailoring strategies to your circumstances, take a look at our guide to seeking financial advice.
    • Getting startedIn this section you can learn about the fundamentals of planning for your retirement. Whether you are an absolute beginner or want to refresh your understanding of the key concepts, you can discover articles that will help you understand better how to plan for retirement and what you need to consider.
    • Retirement planning strategiesIn this section you can learn about the most critical retirement strategies you should consider when planning your retirement. There are tips and strategies to suit a range of age groups, whether you have many years left to save or need to get ready to retire in a hurry, including approaches that can help make your savings last the distance. You’ll also find planning ideas if you’re thinking of retiring overseas or own a business.
    • Case studiesHere you can find worked examples of retirement plans for a range of circumstances. These will help you see how different strategies can apply in the real world. There are also reflections from current retirees who share their lived experience and what they might have done differently.
    • CalculatorsIn this section you can discover some of the calculators and reckoners that SuperGuide have developed to make superannuation and retirement planning easier to understand. We also show you how to use some of the other retirement calculators available, review how reliable they are, and give you tips on how to choose one the right one for you. See also SuperGuide’s Investment Performance Reckoners.
    • Seeking financial adviceAustralians are generally reluctant to seek professional financial advice, despite the financial landscape (including the retirement system) becoming increasingly complex. The right financial advice can help you to get the most out of your superannuation. Advice doesn’t have to be expensive, particularly if you have simple needs. Your super fund may even be able to offer you the help you require. It’s important to know whether any financial advice you receive is independent or not. Advisers are legally required to provide you with a financial services guide that will let you know this information. Independent financial advice can be broadly defined as advice that is impartial or unbiased. It is provided without any potential for a conflict of interest. The resources here explain the value of advice, how to access it, and what to avoid.
    • Preparing for retirementIt’s nearly time! After years of saving and (hopefully) planning, retirement is just around the corner. Here you can find strategies that could help you to give your super a last-minute boost and insight into the risks that could throw your plans off the rails – and what to do about them.
  • RetireeRetirement is meant to be a reward for hard work, a time to kick back and do a bit of what you fancy. It’s all that, but it is also a time when many decisions and choices need to be made. SuperGuide’s retirement articles cover everything from taking your super as a lump sum or an income stream (also called a super pension) to what happens to your super when you die. We even have a handy calculator to help you estimate how long you can expect to live. Along the way, we also examine working in retirement, a guide to the Age Pension eligibility and payment rates and eligibility for concession cards for seniors and pensioners. And if the very thought of all these decisions makes your head spin, we have a guide to seeking independent financial advice. Set out below are the key topics in retirement: Super lump sums Super pensions Age Pension Working in retirement Life in retirement Seniors concessions and services Aged care Estate planning Super death benefits As a first step, the following are key articles that tackle the big issues in retirement.
    • Accessing superConverting your superannuation to a pension is an option if you have reached your preservation age and met a condition of release. Your preservation age is between 55 and 60, depending on your date of birth. Standard conditions of release for super pension withdrawals are: retirement, beginning a transition-to-retirement income stream, ceasing an employment arrangement after the age of 60, even if you get a job with a new employer, turning 65 years of age, becoming permanently incapacitated, being diagnosed with a terminal medical condition. Your dependants can also be entitled to access your super as a pension when you die if you have arranged for this to happen, though there are likely to be tax implications. There are six main types of super pension: Account-based pension: This is the most common type of pension. The pension is paid from a super account held in your name. Annuities: Annuity payments are purchased with a lump sum and enable fixed payments for the remainder of your life or for a defined period. The value of account-based pensions on the other hand can rise or fall depending on the market value of the underlying investments supporting them. Transition-to-retirement pension (TTR or TRIS):…
    • Managing super in retirementManaging your retirement income is about more than just drawing a regular pension payment. It involves deciding how and when to access your super, understanding how long your savings might need to last, and weighing up whether to use lump sums, annuities, or other income sources outside super. The right strategy can help reduce tax, improve Centrelink outcomes, and give you more flexibility and peace of mind
    • Age Pension and seniors concessionsThe Age Pension eligibility age in Australia is currently 66 years and 6 months, increasing to 67 from 1 July 2023. In addition to the age requirement, your eligibility for the Age Pension depends on you: Being able to satisfy the Age Pension assets test, Being able to satisfy the Age Pension income test, and Meeting Australian residency requirements. You will be eligible to receive either a full or part Age Pension provided your assets or income don’t exceed the thresholds of the respective tests, and you also satisfy both the age and Australian residency requirements. It’s important to understand that your super may be included in both your asset and income tests, and can therefore affect your potential Age Pension eligibility. It’s possible to earn up to earn up to $300 per fortnight from paid employment without this amount being included in your Age Pension income test. This is known as the work bonus. Age Pension rates for singles and couples (married or de facto) are adjusted very six months based on changes in the Consumer Price Index (CPI), Male Total Average Weekly Earnings, and the Pensioner and Beneficiary Living Cost Index. See also our seniors concessions and services…
    • Other income in retirementRetirement is a condition of release to access your super once you have reached your preservation age. Your preservation age is between 55 and 60, depending on your date of birth. Once you have made a written declaration to your super fund that you are officially retired, the contributions you can make into your super account are much more limited and depend on your age. However, it’s possible to return to work even if retirement was your condition of release. If you’re aged under 60, you can return to work provided you can prove that your intention to retire was genuine when you made it. For example, your personal circumstances may have changed since you retired. You may need to provide proof of these changed circumstances to the ATO or your super fund. However you won’t be able to access any further super benefits that you accumulate from that point in time until you meet another condition of release. You can still access what you had accumulated up to that date. A transition-to-retirement pension is also an option you can consider once you have reached preservation age. If you’re aged between 60 and 64 and retirement was your condition of…
    • Life in retirementAdvice about retirement planning is often reduced to financial targets and your superannuation account balance. And that’s a pity. While a degree of financial security is necessary to live well in retirement, it’s not sufficient. Retirees and experts alike point to the importance of your health, relationships, social connection and the pursuit of new skills and interests for a sense of wellbeing in retirement.
    • Later life planningLater life planning brings together two often overlooked but essential parts of retirement: aged care and estate planning. It covers how you want to be cared for if you’re unable to make decisions for yourself, and how your assets should be managed and distributed after your death.
  • SMSFsAs if superannuation wasn’t complex enough, when you have a self-managed superannuation fund (SMSF) you take on considerably more responsibility, and it’s essential therefore to have a comprehensive understanding of the current super and SMSF rules. In this section you will find detailed explanations of the SMSF rules and the responsibilities for SMSF trustees. SMSFs for beginners SMSF administration SMSF checklists SMSF compliance SMSF investment SMSF pensions SMSF strategies SMSF Q & As As a first step, the following are key articles that describe how SMSFs work.
    • SMSF for beginnersIn this section you will gain an understanding of the basics of self-managed superannuation funds (SMSFs). We’ll take you through the key responsibilities in being a SMSF trustee, help you to evaluate if a SMSF is right for you, and give you an idea of how much it might cost to run a SMSF. You can also test your understanding of SMSF basics with our quiz.
    • SMSF admin and complianceAll Self-Managed Superannuation Funds (SMSFs) must have a trust deed, a document which sets out the governing rules of that particular SMSF. Trust deeds can vary from document to document, and can also be amended over time, so it is vital that you understand and abide by the rules governing your SMSF. In addition to the trust deed, SMSFs are subject to the provision of the Superannuation Industry (Supervision) Act 1993, which imposes legal obligations on how SMSFs must be operated. These laws and regulations may, in certain circumstances, take precedence over your trust deed, so a sound understanding of the rules is a prerequisite for any SMSF trustee. In this section you’ll learn how to comply with obligations such as: residency requirements, developing an investment strategy and ensuring that all investment decisions are consistent with it, considering member insurance needs, only accepting contributions from fund members, making super benefit payments only to members who have met a condition of release, monitoring total super balance and transfer caps, administration, reporting and record-keeping requirements, appointing a registered auditor, and lodging the fund’s annual return to the Australian Taxation Office (ATO) and paying tax, to name but a few compliance and administrative…
    • SMSF investingPeople who run their own self-managed super fund (SMSF) often do so because of the control it gives them over their investments and investment strategy. With that control comes lot of responsibility. You need to understand the nature of the investments on offer, and how they fit into your overall investment strategy. It can also be instructive to see what other SMSFs are investing in. Then there is the legal requirement for SMSFs to have a documented investment strategy. This should satisfy the sole purpose test and be used to guide trustee decision-making. See also superannuation investment strategies and our section on risk.
    • SMSF pensions and lump sumsSelf-managed superannuation funds (SMSFs) can pay whatever benefits are allowable by their governing rules (trust deed). Most typically, this allows SMSFs to pay benefits as either lump sums or pensions. In addition to the different types of payments that a SMSF can make, in this section you will learn about the process of starting a pension, transitioning from the accumulation phase into the pension phase, and all the steps that are required as a SMSF trustee to commence a pension. You will learn all about the importance of exempt current pension income (ECPI) and how to ensure that you maximise this valuable benefit. You may also need to be aware of the transfer balance cap, and how to navigate these complex rules. For those who have reached preservation age and would like to commence a pension while still retaining a connection to the workforce, a Transition-to-retirement (TTR) pension might be worth considering.
    • SMSF estate planningSelf-managed superannuation funds (SMSFs) allow for a high level of flexibility in the management of a person’s superannuation benefits upon passing. Careful planning can allow your SMSF benefits (which are not automatically estate assets) to be passed onto those dependants who you wish to benefit, in the most efficient and tax effective way possible. In this section you will learn the key concepts behind robust estate planning for SMSF trustees, and how to take advantage of the greater control accorded to SMSFs in passing on wealth from an SMSF.
    • SMSF strategies and checklistsIn this section you can learn about tips and strategies you can consider for your SMSF, including multigenerational SMSFs, how to make decisions at different life stages and what are your options when you would like to wind up your SMSF. Also covered are investing strategies such as assessing passive vs active strategies, rebalancing and which assets are popular with SMSFs.
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August 2022 newsletter

Top super funds, Employer’s guide to super, SMSF technology, Timing retirement, Super vs mortgage, Surge in ‘seniorpreneurs’

Highlights of the August 2022 edition of the SuperGuide newsletter include:

  • TOP OF THE CLASS: Check our list of best performing super and pension funds across all risk categories to see how your fund compares.
  • EMPLOYER’S GUIDE TO SUPER (PART 1): If you have employees or you’re self-employed, these are the super rules you must follow.
  • TECH ADVANCES AND YOUR SMSF: New financial technology could help make light work of managing your own fund.
  • WHEN CAN I RETIRE?: It’s a common question but your age is only part of the answer.
  • SUPER VS MORTGAGE: With interest rates on the rise, we help you weigh up the best place to put your savings.
  • THE MID-LIFE CAREER SWITCH: Ageism, burnout and a desire for work life balance are turning older Aussies into entrepreneurs.

SUPER NEWS

Super news for August 2022
Former Dixon clients need to make complaints ASAP, ASIC warning on super complaints handling, ATO warns of SMS scams, First RBA review in three decades announced, Early release scheme came… Read more.
Super news for August 2022
Former Dixon clients need to make complaints ASAP, ASIC warning on super complaints handling, ATO warns of SMS scams, First RBA review in three decades announced, Early release scheme came… Read more.
Super fund performance: Monthly returns to July 2025
Super funds navigated wave after wave of uncertainty to deliver an extraordinary return of 10.5% in the year to June 30. Read more.
Super fund performance: Monthly returns to July 2025
Super funds navigated wave after wave of uncertainty to deliver an extraordinary return of 10.5% in the year to June 30. Read more.

BEST PERFORMING SUPER AND PENSION FUNDS

Check out the best performing super and pension funds across 5 different investment categories over 1 year and 10 years, updated to 30 June 2022.

Super funds

  • All Growth (96–100%)
  • High Growth (81–95%)
  • Growth (61–80%)
  • Balanced (41–60%)
  • Conservative (21–40%)

Pension funds

  • All Growth (96–100%)
  • High Growth (81–95%)
  • Growth (61–80%)
  • Balanced (41–60%)
  • Conservative (21–40%)

SUPER AND PENSION FUND QUARTILE RANKINGS

If your super fund is not in the top 10, see which quartile it ranks in across 5 different investment categories and 8 different timeframes, updated to 30 June 2022:

Super funds

  • All Growth (96–100%)
  • High Growth (81–95%)
  • Growth (61–80%)
  • Balanced (41–60%)
  • Conservative (21–40%)

Pension funds

  • All Growth (96–100%)
  • High Growth (81–95%)
  • Growth (61–80%)
  • Balanced (41–60%)
  • Conservative (21–40%)

EMPLOYERS GUIDE TO SUPER (PART 1)

Checklist for employers to master your super responsibilities
Getting the details right when it comes to paying employees’ super can be tricky, so use our 7-point checklist to ensure you meet your super obligations. Read more.
Checklist for employers to master your super responsibilities
Getting the details right when it comes to paying employees’ super can be tricky, so use our 7-point checklist to ensure you meet your super obligations. Read more.
Employer’s guide to Superannuation Guarantee contributions: Which employees are eligible?
Working out which employees are eligible for SG contributions can be tricky. Employers often think they know, but the ATO can have different ideas. Read more.
Employer’s guide to Superannuation Guarantee contributions: Which employees are eligible?
Working out which employees are eligible for SG contributions can be tricky. Employers often think they know, but the ATO can have different ideas. Read more.
Calculating your employees’ SG contributions? The rules to help get it right
Working out the right SG contributions for your employees can be confusing, but if you learn the rules there shouldn’t be any problems with the tax man. Read more.
Calculating your employees’ SG contributions? The rules to help get it right
Working out the right SG contributions for your employees can be confusing, but if you learn the rules there shouldn’t be any problems with the tax man. Read more.
Claiming a tax deduction for your employees’ super: What are the rules?
Tax deductions are a valuable sweetener for employers when making super contributions for their staff, but which payments can you claim? Read more.
Claiming a tax deduction for your employees’ super: What are the rules?
Tax deductions are a valuable sweetener for employers when making super contributions for their staff, but which payments can you claim? Read more.
Super Guarantee Charge for employers: What is it and what are my options?
Failing to make your quarterly SG contributions on time and to the right fund will leave you with a Super Guarantee Charge bill, which can be expensive. Read more.
Super Guarantee Charge for employers: What is it and what are my options?
Failing to make your quarterly SG contributions on time and to the right fund will leave you with a Super Guarantee Charge bill, which can be expensive. Read more.
What to do if your employer doesn’t pay your super
Chasing your unpaid super contributions can be difficult but there are things you can do to get the money you’re owed and ensure your super account keeps growing. Read more.
What to do if your employer doesn’t pay your super
Chasing your unpaid super contributions can be difficult but there are things you can do to get the money you’re owed and ensure your super account keeps growing. Read more.

Next month we will conclude with part 2 of the Employers guide to super.

SMSFs

Where is technology for SMSFs headed?
Rapid advances in technology could help make lighter work of managing your own super fund and potential cost savings. Read more.
Where is technology for SMSFs headed?
Rapid advances in technology could help make lighter work of managing your own super fund and potential cost savings. Read more.
SMSF compliance: What are trustees’ responsibilities?
SMSFs provide members with a high degree of control and flexibility, but there are strict rules attached. Read more.
SMSF compliance: What are trustees’ responsibilities?
SMSFs provide members with a high degree of control and flexibility, but there are strict rules attached. Read more.
How to prepare for an SMSF auditor and fill in your SMSF tax return
Even if you outsource most of the boring SMSF admin, there are two annual tasks trustees can’t avoid. Read more.
How to prepare for an SMSF auditor and fill in your SMSF tax return
Even if you outsource most of the boring SMSF admin, there are two annual tasks trustees can’t avoid. Read more.

SuperGuide webinar: SMSF investment strategy

Thursday 25 August 2022 at 11.00am (AEST)

In this 45 minute webinar we will cover:

  • What the superannuation rules actually require of SMSF trustees, and what needs to be included in your investment strategy
  • The ATO’s expectations for SMSF trustees and what they consider as acceptable
  • SMSF auditor expectations when reviewing your investment strategy
  • Tips and traps for SMSF Trustees when developing their SMSF investment strategy
Find out more

RETIREMENT PLANNING

Retirement: The goals are shifting
The old definition of retirement no longer fits a new generation of older Australians who are redefining this new chapter of life, often swapping old careers for new opportunities. Read more.
Retirement: The goals are shifting
The old definition of retirement no longer fits a new generation of older Australians who are redefining this new chapter of life, often swapping old careers for new opportunities. Read more.
What age should I retire?
There are no hard and fast rules around when you can retire, but there are practical issues to consider and money is just one of them. Read more.
What age should I retire?
There are no hard and fast rules around when you can retire, but there are practical issues to consider and money is just one of them. Read more.
Super or mortgage: Where should I put my extra savings?
It’s a common question with no simple answer; you will need to do your own sums. We show you how. Read more.
Super or mortgage: Where should I put my extra savings?
It’s a common question with no simple answer; you will need to do your own sums. We show you how. Read more.
Retirement income rules of thumb: Do they measure up?
If you are getting serious about planning your retirement income needs and don’t know where to start, these handy estimates could help. Read more.
Retirement income rules of thumb: Do they measure up?
If you are getting serious about planning your retirement income needs and don’t know where to start, these handy estimates could help. Read more.
Your super after death: How to get your savings into the right hands fast
With the news that super funds have taken a year or more to pay families after a member dies, what can you do to protect your loved ones? Read more.
Your super after death: How to get your savings into the right hands fast
With the news that super funds have taken a year or more to pay families after a member dies, what can you do to protect your loved ones? Read more.

SuperGuide is Australia’s leading superannuation and retirement planning website.

Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.

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All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.

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