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.
SUPER NEWS
Super news for August 2022
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 fund performance: Monthly returns to April 2026
Super funds bounced back in April despite ongoing volatility and are on course for another positive financial year.
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 funds
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:
Super funds
EMPLOYERS GUIDE TO SUPER (PART 1)
Checklist for employers to master your super responsibilities
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.
Employer’s guide to Superannuation Guarantee contributions: Which employees are eligible?
Working out which employees are eligible for SG contributions can be tricky. Employers often think they know, but the ATO can have different ideas.
Calculating your employees’ SG contributions? The rules to help get it right
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.
Claiming a tax deduction for your employees’ super: What are the rules?
Tax deductions are a valuable sweetener for employers when making super contributions for their staff, but which payments can you claim?
Super Guarantee Charge for employers: What is it and what are my options?
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.
What to do if your employer doesn’t pay your super
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
SMSFs
Where is technology for SMSFs headed?
Artificial intelligence (AI) is rapidly becoming a tool in many people’s lives and is already making inroads in SMSF investing and administration.
SMSF compliance: What are trustees’ responsibilities?
SMSFs provide members with a high degree of control and flexibility, but there are strict rules attached.
How to prepare for an SMSF auditor and fill in your SMSF tax return
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
RETIREMENT PLANNING
Redefining retirement: Work, purpose and flexibility
The old definition of retirement no longer fits a new generation of older Australians who are redefining this new chapter of life, often swapping old careers for new opportunities.
What age should I retire?
There are no hard and fast rules around when you can retire, but there are practical issues to consider and money is just one of them.
Super or mortgage: Where should I put my extra savings?
It’s a common question with no simple answer; you will need to do your own sums. We show you how.
Retirement income rules of thumb: Do they measure up?
Working out how much income you will need in retirement is no easy task, but some simple short cuts may provide an estimate to start the planning process.
Super after death: How to get it to beneficiaries fast
With the news that super funds have taken a year or more to pay families after a member dies, what can you do to protect your loved ones?
