Government ponders more super changes, Age Pension freeze, Affordable financial advice, Super returns continue positive run, Super funds take climate action
Highlights of the September 2020 edition of the SuperGuide newsletter include:
- AGE PENSION INCREASE ON HOLD: There will be no September rise in the Age Pension for the first time in 23 years, but increased asset and income thresholds give some part-pensioners a lift.
- IS SUPER IN FOR ANOTHER SHAKE-UP? Senator Jane Hume discusses early release, her ambivalence about the planned SG increase, and how to close the super gender gap.
- SUPER RETURNS KEEP ON COMING: Buoyant share markets lifted super fund returns in August, but can this five-month winning streak continue?
- DEMAND SOARS FOR AFFORDABLE ADVICE: As the shake-up in financial advice gathers pace, super funds are moving in to meet the demand.
- CLIMATE-PROOFING SUPER INVESTMENT RETURNS: More funds are signing up to dial down their financial exposure to climate risk.
- SMSFs TAKING CONTROL OF THEIR FUNDS: Managed accounts offer greater control, flexibility and tax benefits than traditional managed funds, tempting more SMSFs to make the switch.
SUPER NEWS
Early release super scheme hurts the young and low paid, ‘Herstory’ of superannuation, Confusion about ESG and super caps and Increased appetite for financial advice. Read more.
Early release super scheme hurts the young and low paid, ‘Herstory’ of superannuation, Confusion about ESG and super caps and Increased appetite for financial advice. Read more.
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SUPER FUNDS
President Trump’s tariff chaos continued to wreak havoc on global share markets in March, putting a dent in super fund returns although they remain positive for the financial year to… Read more.
President Trump’s tariff chaos continued to wreak havoc on global share markets in March, putting a dent in super fund returns although they remain positive for the financial year to… Read more.
Lifecycle funds are designed to reduce risk as you near retirement without sacrificing returns; recent research shows many do just that but you need to know what to look for. Read more.
Lifecycle funds are designed to reduce risk as you near retirement without sacrificing returns; recent research shows many do just that but you need to know what to look for. Read more.
Your annual member statement contains lots of valuable information about your super account, so it’s important to check your fund has been working hard for you. Read more
Your annual member statement contains lots of valuable information about your super account, so it’s important to check your fund has been working hard for you. Read more
Most Australians can choose which super fund they want their employer’s super contributions paid into, but there are exceptions. We explain who is, and is not, free to choose and… Read more.
Most Australians can choose which super fund they want their employer’s super contributions paid into, but there are exceptions. We explain who is, and is not, free to choose and… Read more.
SUPER GUARANTEE
With Super Guarantee (SG) contribution rates changing again, it pays to understand the rules and the rate your employer is required to pay in 2024-25. Read more.
With Super Guarantee (SG) contribution rates changing again, it pays to understand the rules and the rate your employer is required to pay in 2024-25. Read more.
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.
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.
High-income earners pay extra tax on their concessional super contributions, so it’s important to understand the rules. Read more.
High-income earners pay extra tax on their concessional super contributions, so it’s important to understand the rules. Read more.
High-income earners face a quarterly cap on the amount of income on which their employer must make SG contributions. Here’s the limit for 2024–25. Read more.
High-income earners face a quarterly cap on the amount of income on which their employer must make SG contributions. Here’s the limit for 2024–25. Read more.
AGE PENSION
Note: There are no changes to Age Pension rates or the assets test or income test thresholds this September, but there are still opportunities for you to maximise your Age Pension entitlement and learn more about how the Age Pension is assessed.
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If you receive a part-Age Pension or none at all due to the level of your assets or income, these 12 strategies may help you increase your pension entitlements. Read more.
If you receive a part-Age Pension or none at all due to the level of your assets or income, these 12 strategies may help you increase your pension entitlements. Read more.
A common question for Australians planning their retirement is if, and when, they will be eligible for the Age Pension. Read more.
A common question for Australians planning their retirement is if, and when, they will be eligible for the Age Pension. Read more.
FINANCIAL ADVICE
Super funds have been expanding their financial advice services to members, but it’s important to understand the different levels of advice on offer, how it’s provided and paid for. Read more.
Super funds have been expanding their financial advice services to members, but it’s important to understand the different levels of advice on offer, how it’s provided and paid for. Read more.
If you could do with some help with your finances but can’t afford a professional adviser, all is not lost. Free financial advice and digital tools are out there if… Read more.
If you could do with some help with your finances but can’t afford a professional adviser, all is not lost. Free financial advice and digital tools are out there if… Read more.
The number of SMSF trustees who have unmet advice needs is growing, but upcoming reforms and new technology offer the prospect of improved affordability and access. Read more.
The number of SMSF trustees who have unmet advice needs is growing, but upcoming reforms and new technology offer the prospect of improved affordability and access. Read more.
SMSFs
Tracey Spicer talks to Deborah Kent from Integra Financial Services about the pros and cons of SMSFs, and how ethical investing is becoming more popular. Read more.
Tracey Spicer talks to Deborah Kent from Integra Financial Services about the pros and cons of SMSFs, and how ethical investing is becoming more popular. Read more.
IN RETIREMENT
The Home Equity Access Scheme can be a great way to boost your retirement income by taking a loan from the government against the equity in your home. Read more.
The Home Equity Access Scheme can be a great way to boost your retirement income by taking a loan from the government against the equity in your home. 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.
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.
