Super rule changes, The power of compound interest, Divorce and superannuation, Weighing up super pensions and lump sums, Spotlight on aged care
Highlights of the April 2022 edition of the SuperGuide Premium newsletter include:
- GET SET FOR NEW SUPER RULES: With big rule changes on the way from July 1, we provide tips on how to make the most of them.
- SUPER AND THE SNOWBALL EFFECT: Even small amounts invested regularly can grow into a tidy sum in the long run, thanks to compound interest.
- SUPER INVESTING SPECIAL: We lift the lid on other investing fundamentals including the Sharpe Ratio, diversification and lifecycle super funds.
- THE BIG SPLIT: Super is generally our biggest financial asset outside the family home, but it’s often overlooked in divorce. We explain how to divide your super.
- SUPER PENSION OR LUMP SUM? How you choose to withdraw your super can make a material difference to your retirement outcome, so planning is key.
- AGED CARE REPORT CARD: Two years and a pandemic after the scathing Royal Commission, we look at what’s being done to improve our aged care system.
Australian Ethical and Christian Super explore merger, Super gender gap was decreasing before Covid, Colonial settles class action with super members, Federal Court orders Westpac to pay $20 million penalty, Hostplus expands its investment options, Australian Retirement Trust focusses on ESG with new appointment, Only one third of financial advisers pass February exam, Easter bunny hit by inflationary pressures.
Navigating your way around the constant rule changes in the super system is tricky, so here’s our annual list of the modifications you need to know about.
Super funds continued their winning streak in January, with the median Growth fund up 1% over the month.
IN CASE YOU MISSED IT
It was a quiet night for superannuation, but the Federal Budget provided some ‘cost of living’ announcements that could give millions of Australians a cash boost over the coming months.
Even modest regular savings can grow into substantial nest egg, thanks to the combined effects of compound interest and time. Here’s how it works.
We all want to earn top notch returns from our super fund, but at what level of risk? This is how you find the sweet spot.
Diversification is one of the key principles behind good investing and there’s a lot you can learn from how successful super funds invest their members’ money.
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.
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.
Super is an increasingly important marital asset and one that should not be overlooked when couples divorce.
With penalties for compliance breaches on the rise, SMSF trustees have more reason than ever to stick to the rules.
Everyone loves to ride in planes, trains and automobiles, but what if you could earn regular income from the infrastructure they depend on? You can, and here’s how.
If there’s one thing certain in life it’s this – things change. If you or another member of your SMSF want to take your leave, strict rules apply.
Take the following 10-question quiz to test your knowledge on the fundamentals of self-managed super funds (SMSFs).
From 1 July 2022, changes to the super rules create new opportunities for older Australians to top up their retirement savings.
While working in the gig economy can be more flexible, it can also be a recipe for a much smaller retirement savings pot if you don’t take steps to fix it.
While super is synonymous with retirement, the reality is that many Australians will also draw retirement income from investments held outside super in their own name, a company or trust.
If you’re uncertain about your finances it makes sense to get some help, but it can be difficult to don’t know who to turn to for for unconflicted advice.
Before withdrawing your super, it’s important to understand the proportioning rule and how it will impact the amount of tax you will pay on your super savings.
If you are considering taking more than the minimum amount from your super pension account, the way you do it counts.
When and how you withdraw income from your super in retirement can have significant tax benefits.
Inflation is affecting more and more daily essentials but bank interest rates remain stubbornly low, so it may be time to revisit your retirement income plans.
The pandemic highlighted massive flaws in Australia’s aged care sector outlined in the recent Royal Commission, but change is underway.