APRA super heatmap, SMSF basics, Independent financial advisers, Investing in retirement, Downsizer contributions, Latest super fund performance
Highlights of the December 2019 edition of the SuperGuide Premium newsletter include:
- SUPERANNUATION: APRA release their MySuper heatmap to a mixed reaction from the industry and consumer groups. Barbara Drury explains what the heatmap is designed to achieve and highlights some of the key findings.
- SUPER INVESTING: Beef up your investing knowledge with our guides to listed and unlisted assets, and unit pricing and crediting rates.
- SMSFs: If you have an SMSF, or are considering one, it’s essential that you know how SMSFs work and what special rules apply to them. Take a refresher on SMSF basics in our suite of articles from how to start one to how to wind one up. Noel Whittaker also highlights the key differences between SMSFs and public offer super funds.
- FINANCIAL ADVICE: ASIC release a review into the financial advice provided by super funds – and you would have hoped it would have been better than “generally appropriate”. We look at the types of financial advice on offer and give you the lowdown on what happens when you meet a financial adviser, and why independent financial advice is important. We also feature video interviews with a selection of independent advisers who talk to us about why they chose to go independent, the benefits of truly independent financial advice, and the difference it makes for their clients.
- RETIREMENT PLANNING: Investing when you’re in retirement can be confusing. Janine Mace explains the 10/30/60 rule and how to select an investment option for your super pension. We also provide a handy guide on how to make downsizer super contributions.
- LATEST SUPER NEWS AND PERFORMANCE: We wrap up the key super stories over the last few weeks, and share the latest super performance for balanced and lifecycle funds.
This month we look at APRA’s MySuper heatmap, the new ‘Right to remain’ test recommendation, longevity tables in need of an update, new research shows that the majority of Australian retirees are independently navigating their way through their retirement finances and Treasury invites submissions as it considers the present and future performance of our retirement income system.
If you are looking for ways to save a bigger first home deposit, changes on the horizon promise to remove hurdles to the FHSSS and make the scheme simpler to use.
If you have problems with your financial adviser, it’s important to know who you can turn to for help in solving your complaint and the process you need to follow.
Dealing with government agencies these days means going through myGov. So, if you want help with your super or tax affairs, it’s time to set up your account.
Super funds continued their winning streak in January, with the median Growth fund up 1% over the month.
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.
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Understanding your super balance and comparing the performance of your super fund with other funds involves more than just checking fees, super contributions and insurance premiums. It’s also knowing how – and when – your super fund calculates and applies investment earnings to the balance of your super account.
SMSFs are a popular option for people who want more control of their retirement savings, but it’s important to understand how they compare to large super funds.
Controlling your own financial destiny is an appealing prospect for many Australians, but it’s important to understand the costs as well as the benefits.
The new federal government recently announced it plans to legislate an objective for super. Until then, the sole purpose test is the light all super fund trustees must steer by.
SMSFs offer more control than other super funds, but strict rules apply. Follow our 9-step guide to ensure your fund complies with all your legal obligations from the outset.
Corporate trustees are becoming increasingly popular with SMSFs, but an individual trustee structure also has its merits.
While many SMSF trustees turn to their accountant for assistance, they can only provide advice on some SMSF-related matters. To help SMSF trustees navigate this tricky area we’ve compiled a checklist to help you work out if your accountant is the right person to ask for help.
The decision to wind up an SMSF should not be taken lightly; there is process that must be followed and it can be time-consuming and costly.
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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.
Getting good financial advice can make a big difference to your financial position, but before you take the plunge make sure you understand what’s involved.
Most people would expect the financial advice they receive is independent and free of conflicts of interest, but that is not always the case. Here’s what to look for.
The investment return on your super pension account is just as important as the returns you earn on your super while you are working, as this simple ‘rule of thumb’ demonstrates.
Selecting the right investment option for your super pension has a big impact on how much money you can spend during your retirement years.
Eligible downsizer contributions can be a great way to boost your super without falling foul of many of the rules affecting other super contributions.