Track your super, Super fund returns, SMSF checklist, Year in review, Inflation’s toll, Aged care stars
Highlights of the January 2023 edition of the SuperGuide newsletter include:
- IS MY SUPER ON TRACK? It’s a common question, so we prepared this guide to estimate how much super you should have at your age.
- SUPER’S ROLLER COASTER YEAR: A second-half rally meant super fund returns were not as bad as feared in the year to December.
- SMSF ADMIN CHECKLIST: Get a head start on your 2023 to-do list with our annual printable checklist of admin tasks.
- YEAR IN REVIEW/PREVIEW: It was another turbulent year on investment markets, and we’re not out of the woods yet.
- THE COST OF INFLATION: The rising cost of living affects us all, but it takes a heavy toll on fixed retiree incomes.
- STAR POWER: The new aged care star ratings system is a welcome aid to transparency for residents and their families.
HOW SUPER WORKS
There’s plenty of information on how much super you need for a comfortable retirement, but little on how much you should have now to reach your target. We provide some guidance to this important question. Read more.
There’s plenty of information on how much super you need for a comfortable retirement, but little on how much you should have now to reach your target. We provide some guidance to this important question. Read more.
You’ve probably heard the saying that successful investing is about time in the market, not timing the market. It’s easier said than done when markets are volatile, but it’s worth holding your nerve in the long run. Read more.
You’ve probably heard the saying that successful investing is about time in the market, not timing the market. It’s easier said than done when markets are volatile, but it’s worth holding your nerve in the long run. Read more.
Quality of Advice Review handed to the government, fees and costs reduced by majority of MySuper funds, and the number of SMSF trustees disqualified rises. Read more.
Quality of Advice Review handed to the government, fees and costs reduced by majority of MySuper funds, and the number of SMSF trustees disqualified rises. Read more.
SUPER FUNDS
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 $1.9m 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 $1.9m but you may have a different cap… Read more.
When it comes to planning your retirement, good financial advice can provide valuable benefits – both for your finances and your emotional wellbeing. Read more.
When it comes to planning your retirement, good financial advice can provide valuable benefits – both for your finances and your emotional wellbeing. Read more.
With the cost of living on the rise, Australians are concerned about their finances but can’t find the advice they need at a cost they are willing to pay. Read more.
With the cost of living on the rise, Australians are concerned about their finances but can’t find the advice they need at a cost they are willing to pay. Read more.
SMSFs
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.
RETIREMENT PLANNING
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 past the traditional retirement age can have many benefits – both financially and in terms of your physical and mental health. Read more.
Staying in the workforce past the traditional retirement age can have many benefits – both financially and in terms of your physical and mental health. 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.
IN RETIREMENT
New star ratings and a Dollars to Care measure aim to shine a light on the quality of aged care facilities, but the jury is still out on the quality… Read more.
New star ratings and a Dollars to Care measure aim to shine a light on the quality of aged care facilities, but the jury is still out on the quality… Read more.
It’s generally possible to return to work after you retire and start withdrawing your super, but the rules vary according to your age. Read more.
It’s generally possible to return to work after you retire and start withdrawing your super, but the rules vary according to your age. Read more.
Selecting the right investment option for your super pension has a big impact on how much money you can spend during your retirement years. Read more.
Selecting the right investment option for your super pension has a big impact on how much money you can spend during your retirement years. Read more.
Guides to state seniors cards
Everyone loves a bargain, but once they turn 60 many people forget to grab one of the best deals on offer – their state government’s Seniors Card.
- ACT Seniors Card: Benefits, discounts and how to apply
- NT Seniors Card: Benefits, discounts and how to apply
- NSW Seniors Card: Benefits, discounts and how to apply
- QLD Seniors Card: Benefits, discounts and how to apply
- SA Seniors Card: Benefits, discounts and how to apply
- Tasmanian Seniors Card: Benefits, discounts and how to apply
- Victorian Seniors Card: Benefits, discounts and how to apply
- WA Seniors Card: Benefits, discounts and how to apply
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.
