Super end to 2020, Real cost of SMSFs, Investing under COVID, Your home and retirement planning, Reverse mortgages, Super rules for employers.
Highlights of the December 2020 edition of the SuperGuide Premium newsletter include:
- SUPER FUNDS FINISH STRONGLY. After a wild ride of a year, super funds are poised to end 2020 ahead by a nose.
- WHAT DOES IT COST TO RUN AN SMSF? It may be less than you think, depending on your balance, according to a new study.
- THE SEARCH FOR AN INVESTMENT CURE FOR COVID. With the US election over, investors focus on stocks geared to recovery.
- HOME MAKEOVER. The Retirement Income Review casts the family home as a pillar of retirement planning.
- UNLOCKING HOME EQUITY. There’s renewed interest in reverse mortgages to top up retirement income.
- SUPER GUIDE FOR EMPLOYERS. Choice of fund, tax breaks, salary sacrifice, redundancy, retirement – we’ve got you covered.
HOW SUPER WORKS
Rise in costs for retirees, APRA releases latest super statistics, Returns not the main driver for SMSF trustees, Financing ageing in place for older Australians, Financial advice boosts wealth and healthRead more
Super funds continued their positive run into the new financial year, with the median Growth fund (61-80% growth assets) up 1.1% in July.Read more
Chant West held their Super Fund Awards on May 26th 2021.Read more
Our comprehensive superannuation glossary helps you break through the super jargon to understand everything in the A-Z of superannuation. Read more
A new report concludes that managing your own superannuation fund could cost less than you think.Read more
SMSFs can cost a bit to set up, but the latest research shows they quickly become cost effective to run.Read more
John Maroney, CEO of the SMSF Association provides further insight into Rice Warner’s recent report into the average costs of SMSFs, including the impact of property on costs, plus tips for SMSF trustees on reducing costs and finding suitable providers.Read more
Legislation is soon expected to pass that will enable larger SMSFs. Are you thinking about adding members? Let us know in our poll.Read more
Despite the derision US president Donald Trump attracts, there are pluses and minuses to his departure from the White House next January for local superannuation investors.Read more
The Great Australian Dream of home ownership is about more than a roof over your head, it has a big role to play in retirement planning.Read more
When the government’s Retirement Income Review examined superannuation, the Age Pension and voluntary savings, home ownership had a surprisingly important role.Read more
If your super account is not as big as you would like when you retire, one solution could be to look to your home as a way to generate some extra money – and that doesn’t necessarily mean you need to become an Airbnb host.Read more
Tracey Spicer talks to Dr Sarah Sinclair from RMIT about home equity release products for retirees, such as reverse mortgages and the Pension Loans Scheme.Read more
No need to be bored or overwhelmed now that you have finished work. Make the most of your retirement with expert tips from Dr Jon Glass.Read more
IN CASE YOU MISSED IT
See also our coverage of the Retirement Income Review.
SUPER GUIDE FOR EMPLOYERS (PART 2)
Forgetting about regularly paying your employees’ super is easy, so here’s 7 checklists to help ensure you master your super responsibilities.Read more
Working out termination and super payments for a departing employee can be confusing, but be careful not to provide them with financial advice.Read more
A salary sacrifice arrangement with your employee needs to meet certain rules if you want to avoid problems with the ATO later on.Read more
Tax deductions are a valuable sweetener when you make super contributions for your employees, but which payments can you claim on your annual tax bill?Read more
As if employers don’t have enough to do, they also need to notify the ATO of any reportable employer super contributions they make for their employees.Read more
When you make SG contributions, some of your employees won’t have a super fund, so it will be up to you choose a default super fund for them.Read more
Most new employees have the right to choose their own super fund, but employers need to be aware of the important rules and deadlines governing this process.Read more
Employers need to choose a default super fund that’s a MySuper fund, but what exactly are they and how do they work?Read more
Take this 10-question quiz to test your knowledge on the superannuation responsibilities for employers.Read more