Top super funds, Employer’s guide to super, SMSF technology, Timing retirement, Super vs mortgage, Surge in ‘seniorpreneurs’
Highlights of the August 2022 edition of the SuperGuide Premium newsletter include:
- TOP OF THE CLASS: Check our list of best performing super and pension funds across all risk categories to see how your fund compares.
- EMPLOYER’S GUIDE TO SUPER (PART 1): If you have employees or you’re self-employed, these are the super rules you must follow.
- TECH ADVANCES AND YOUR SMSF: New financial technology could help make light work of managing your own fund.
- WHEN CAN I RETIRE?: It’s a common question but your age is only part of the answer.
- SUPER VS MORTGAGE: With interest rates on the rise, we help you weigh up the best place to put your savings.
- THE MID-LIFE CAREER SWITCH: Ageism, burnout and a desire for work life balance are turning older Aussies into entrepreneurs.
Former Dixon clients need to make complaints ASAP, ASIC warning on super complaints handling, ATO warns of SMS scams, First RBA review in three decades announced, Early release scheme came at a real cost for millions of Australians, New research identifies lower super balances may be needed for retirement.
Super funds continued their winning streak in January, with the median Growth fund up 1% over the month.
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 30 June 2022.
SUPER AND PENSION FUND QUARTILE RANKINGS
If your super fund is not in the top 10, see which quartile it ranks in across 5 different investment categories and 8 different timeframes, updated to 30 June 2022:
EMPLOYERS GUIDE TO SUPER (PART 1)
Getting the details right when it comes to paying employees’ super can be tricky, so use our 7-point checklist to ensure you meet your super obligations.
Working out which employees are eligible for SG contributions can be tricky. Employers often think they know, but the ATO can have different ideas.
Working out the right SG contributions for your employees can be confusing, but if you learn the rules there shouldn’t be any problems with the tax man.
Tax deductions are a valuable sweetener for employers when making super contributions for their staff, but which payments can you claim?
Failing to make your quarterly SG contributions on time and to the right fund will leave you with a Super Guarantee Charge bill, which can be expensive.
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.
Next month we will conclude with part 2 of the Employers guide to super
Rapid advances in technology could help make lighter work of managing your own super fund and potential cost savings.
SMSFs provide members with a high degree of control and flexibility, but there are strict rules attached.
Even if you outsource most of the boring SMSF admin, there are two annual tasks trustees can’t avoid.
SuperGuide webinar: SMSF investment strategy
Thursday 25 August 2022 at 11.00am (AEST)
In this 45 minute webinar we will cover:
- What the superannuation rules actually require of SMSF trustees, and what needs to be included in your investment strategy
- The ATO’s expectations for SMSF trustees and what they consider as acceptable
- SMSF auditor expectations when reviewing your investment strategy
- Tips and traps for SMSF Trustees when developing their SMSF investment strategy
Research shows there’s an untapped workforce of older Australians who would delay retirement if they could quit their jobs and pursue their career dreams.
It’s a common question and the short answer is that age is only one of many considerations when you are weighing up when to retire.
Whether it’s better to tip savings into super or the mortgage is a common question and even more pertinent now that mortgage interest rates are on the rise and returns from super are volatile.
Working out how much income you will need in retirement is no easy task, but some simple rules of thumb may provide an estimate to start the planning process.
With 5 different types of death benefit nomination to choose from when deciding who gets your super death benefit, it’s important to know what each one means