How much super do you need to retire, Making the most of increased contribution caps, Unlisted assets in the spotlight, Dividends stage a comeback, SMSF investment rules, The cost of aged care.
Highlights of the April 2021 edition of the SuperGuide Premium newsletter include:
- HOW MUCH SUPER DO I NEED TO RETIRE? It’s a common question but it’s also a deeply personal one. Our practical guides will help you work out how much you need to live the retirement lifestyle you aspire to.
- BOOSTING YOUR SUPER IS ABOUT TO GET EASIER. With contribution caps increasing from July, we walk you through strategies to “bring forward” up to three years’ worth of non-concessional contributions.
- UNLISTED VS LISTED ASSETS, THERE’S NO CONTEST. Big super funds have championed unlisted assets, but they have become a political hot potato. We compare listed and unlisted assets and explain why both have a role to play in generating super returns.
- DIVIDENDS ARE ON THE MEND. Low term deposit rates have forced retirees to take on more risk in return for a decent yield. The good news is that share dividends are recovering after a temporary pause due to COVID.
- SMSF INVESTMENTS COME WITH RULES ATTACHED. Running your own SMSF opens up a cornucopia of investment options, but you need to follow the rules or risk significant penalties.
- A DEFINITIVE GUIDE TO AGED CARE COSTS. Moving into aged care can be a stressful time. To remove some of the pressure, it helps to understand your options and what they may cost well in advance.
HOW SUPER WORKS
Your Future, Your Super legislation attracts industry criticism; Top postcodes revealed for lost and unclaimed super; ASFA argues accessing super would make housing affordability worse, not better; new research dismisses the idea that retirees die with most of their super untouched; Huge gender gap in super concessions; ASIC’s mea culpa on SMSF costs; AMP appoints its first female chief.Read more
While applauding the indexation of superannuation caps for cost-of-living increases, Meg Heffron argues for more simplicity and less red tape.Read more
From 1 July, the annual amount you can contribute to super will rise. If you are planning to make a large non-concessional contribution, it pays to think about timing.Read more
The idea that young Australians should be able to dip into their super to help buy their first home keeps going round and round. The most recent iteration put forward by the Coalition’s Tim Wilson and a clutch of other backbenchers has the catchy slogan Home First, Super Second.Read more
All sorts of claims are being made following the release of the Retirement Income Review, including that it paid insufficient attention to issues of gender.Read more
Big super funds have been talking up their role in nation-building, using mostly unlisted investments in infrastructure and property. So what are unlisted assets and how to they affect my super?Read more
Super funds have been working for themselves when they should have been working for us. That’s about to change.
Have you ever wondered why your super fund rarely sends you mail? It could be because it is one of the 36 funds that perform badly, or one of the six funds that perform extraordinarily badly. As of mid last year those six funds managed the retirement savings of 900,000 Australians.Read more
Super funds continued their phoenix-like rise from the COVID ashes in March, with the median Growth fund up 1.9% for the month and an extraordinary 12.2% for the first 9 months of the financial year.Read more
Corporate Australia is emerging from COVID in good shape and dividends are making a comeback. So what dividend yields are on offer and where do dividends fit into your income strategy?Read more
A systematic approach is advisable if you want to reduce the impact of climate change on the environment and your future investment returns.Read more
One of the attractions of running your own SMSF is the wide range of investments open to you and the control you have over them, but that doesn’t mean it’s open slather. There are rules you need to follow.Read more
Breaking the rules regarding In-house assets can be costly, so it pays SMSF trustees to understand what they are and how to avoid costly penalties.Read more
The amount of super YOU need to retire will depend on your personal circumstances, financial resources both inside and outside super and your lifestyle. So before you set an arbitrary super target, block out the fearmongers and think about the big picture.Read more
See also the following updated articles and reckoners about how much super you need to retire on a particular income:
- How much super do I need to retire on $40,000 a year?
- How much super do I need to retire on $50,000 a year?
- How much super do I need to retire on $60,000 a year?
- How much super do I need to retire on $80,000 a year?
- How much super do I need to retire on $100,000 a year?
- Income from super Reckoner
See also the following updated articles and reckoners about how much income in retirement a particular super can generate:
- Is $100,000 in super enough to retire on?
- Is $200,000 in super enough to retire on?
- Is $300,000 in super enough to retire on?
- Is $400,000 in super enough to retire on?
- Is $500,000 in super enough to retire on?
- Is $750,000 in super enough to retire on?
- Is $1 million in super enough to retire on?
- Is $1.6 million in super enough to retire on?
- Is $2 million in super enough to retire on?
- Is $3.2 million in super enough for a couple to retire on?
- Super to income Reckoner
Most retirees hope to stay in their own home for as long as possible. Government support is available but waiting lists are long for higher level care. For some, self-managing home care can significantly cut costs.Read more