Does fund size matter? Pension fund returns, top funds, SMSF health check, Retirement income streams, Retiree discounts
Highlights of the February 2023 edition of the SuperGuide newsletter include:
- BIG IS NOT ALWAYS BETTER: While big super funds have advantages, some smaller funds punch above their weight.
- PENSION FUNDS HIT TURBULENCE: 2022 was a tough year for pension fund returns, but it ended on a more positive note.
- TOP PERFORMING SUPER FUNDS: Check out which super and pension funds performed best over the past year and decade.
- TIME FOR AN SMSF HEALTH CHECK: Check your investment strategy’s vital signs with our annual checklist.
- YOUR RETIREMENT INCOME OPTIONS: There are important choices to be made when you retire and start withdrawing your super.
- MONEY-SAVING TIPS FOR RETIREES: Government concessions for retirees can add up to big savings so check what’s on offer.
HOW SUPER WORKS
The second Budget of the Albanese Government holds the line on fiscal discipline, while acknowledging the pain that many Australian households now face with mounting cost of living pressures. Read more.
The second Budget of the Albanese Government holds the line on fiscal discipline, while acknowledging the pain that many Australian households now face with mounting cost of living pressures. Read more.
Size can be an advantage when it comes to economies of scale and investment clout, but big is not always better. Read more.
Size can be an advantage when it comes to economies of scale and investment clout, but big is not always better. Read more.
Super is a very tax-effective vehicle for your retirement savings, but no-one said the taxation of super was simple. Here’s a quick overview of what you pay and when. Read more.
Super is a very tax-effective vehicle for your retirement savings, but no-one said the taxation of super was simple. Here’s a quick overview of what you pay and when. Read more.
Legislating the objective of super, Quality of Advice report released, TBC to increase to $1.9 million, government urged to improve gender equity in super, ART and AV Super merger talks. Read more.
Legislating the objective of super, Quality of Advice report released, TBC to increase to $1.9 million, government urged to improve gender equity in super, ART and AV Super merger talks. Read more.
SUPER AND PENSION FUND PERFORMANCE
After taking a tumble in March on escalating conflict in the Middle East, super funds have rebounded strongly in April, recouping most of their losses. Read more.
After taking a tumble in March on escalating conflict in the Middle East, super funds have rebounded strongly in April, recouping most of their losses. 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 31 December 2022.
SMSFs
If you haven’t looked at your investment strategy in a while it’s probably time for a check-up because slip-ups can be costly. Read more.
If you haven’t looked at your investment strategy in a while it’s probably time for a check-up because slip-ups can be costly. Read more.
Running your own super fund can offer greater control and flexibility than other types of fund, but they’re not for everyone. Read more.
Running your own super fund can offer greater control and flexibility than other types of fund, but they’re not for everyone. Read more.
It’s been a wild ride on investment markets over the past 12 months, so if you haven’t already done so this could be a good time to review your investment allocations. Read more.
It’s been a wild ride on investment markets over the past 12 months, so if you haven’t already done so this could be a good time to review your investment allocations. Read more.
If you’ve ever wondered if you can transfer shares or a business property into your SMSF, the answer is yes but strict rules apply. Read more.
If you’ve ever wondered if you can transfer shares or a business property into your SMSF, the answer is yes but strict rules apply. Read more.
SMSFs offer a high degree of flexibility and control over your retirement savings, but there are legal guardrails and hefty penalties for trustees who breach them. Read more.
SMSFs offer a high degree of flexibility and control over your retirement savings, but there are legal guardrails and hefty penalties for trustees who breach them. Read more.
RETIREMENT PLANNING
With so much focus on saving for retirement, many of us have given little thought to how we will access our savings once the big day arrives. We explore the options. Read more.
With so much focus on saving for retirement, many of us have given little thought to how we will access our savings once the big day arrives. We explore the options. Read more.
The transfer balance cap limits the amount you can transfer from your super savings into a tax-free pension. The cap is currently $2m but you may have a different cap… Read more.
The transfer balance cap limits the amount you can transfer from your super savings into a tax-free pension. The cap is currently $2m but you may have a different cap… Read more.
It’s easy to put off getting financial advice when your focus is on paying the monthly bills, but delaying or not getting advice can have huge financial and personal costs… Read more.
It’s easy to put off getting financial advice when your focus is on paying the monthly bills, but delaying or not getting advice can have huge financial and personal costs… Read more.
IN RETIREMENT
With the cost of living on the rise, it’s worth making the most of the government discounts and services for older Australians in your state or territory. Read more.
With the cost of living on the rise, it’s worth making the most of the government discounts and services for older Australians in your state or territory. Read more.
Staying in the workforce beyond a traditional retirement age could boost both your health and finances but it’s not all roses. Read more.
Staying in the workforce beyond a traditional retirement age could boost both your health and finances but it’s not all roses. Read more.
Given the complexity of super and how it interacts with the Age Pension, it’s not surprising that misunderstandings abound. So let’s bust a few myths. Read more.
Given the complexity of super and how it interacts with the Age Pension, it’s not surprising that misunderstandings abound. So let’s bust a few myths. Read more.
Getting your affairs in order is about more than a Will, you also need to think about how your wishes will be carried out if you no longer have capacity… Read more.
Getting your affairs in order is about more than a Will, you also need to think about how your wishes will be carried out if you no longer have capacity… Read more.
Important: 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.
