Best performing super funds, 2019 in review, SMSF NY resolutions, Largest super funds, Salary sacrificing, Super investing, Seniors cards, Property insurance, Life expectancy
Highlights of the January 2020 edition of the SuperGuide Premium newsletter include:
- BEST PERFORMING SUPER FUNDS: Discover the top performing growth super funds of 2019 and over the last 10 years.
- INVESTMENT PERFORMANCE: 2019 surprised many pundits with several asset classes producing significantly higher returns than predicted. Barbara Drury reviews the year and highlights some issues for the year ahead. In separate articles we look at the performance for 12 asset classes and the median performance for 5 super fund investment options.
- SUPER INVESTING: Do you know how your super is invested? Janine Mace details how the disclosure rules for super funds are set to change, how you can invest in infrastructure and responsible investment options, the steps to take to review your current investment option, and what to check before you change.
- SUPER BENEFITS: Beyond investing for your retirement, superannuation has many other hidden benefits. We highlight 10 that can help improve your finances. Salary sacrificing is one of the best known strategies to reduce your income tax bill. Since the rules changed on 1 January 2020 why not not refresh your knowledge on what is possible in our comprehensive salary sacrifice guide?
- SMSFs: Do you have any new years resolutions for your SMSF? Penny Pryor looks at what you might consider, and how to be on top for the year ahead. Separately we look at two of the most confusing aspects of SMSF investment – the arms length rule and in specie transfers.
- RETIREMENT PLANNING: The bushfires have produced so much heartbreaking devastation, particularly in areas popular with retirees. We look at how retirees can review whether they have an appropriate level of home and contents insurance. We also learn how state seniors cards can provide significant savings for retirees, we ask retirees what they would have done differently when retiring, analyse the latest life expectancy data, and highlight what nutrients you need to increase in your diet once you hit 70.
Shares at record highs and interest rates at record lows. One of the defining aspects of 2019 was the flight to higher risk assets in pursuit of higher returns.Read more
This month we look at what support is available to Australians affected by the bushfires, changes to legislation allow high earners to opt out of some SG payments, warnings from the ATO and ASIC on early release of super schemes, the price of medications for pensioners has come down, FASEA’s ethics rules are now in place and APRA launches a new sustainability standard.Read more
Besides being a great way to save for retirement, Australia’s super system offers some valuable – but little-known – benefits for super fund members. Here’s our list of the top 10 super benefits and how they can help improve your financial situation.Read more
Superannuation is now very much super-sized, with 187 super funds and $2.9 trillion invested. Here we list the 20 largest super funds in Australia so that you can benchmark your own fund.Read more
From 1 January 2020, your salary sacrificed super contributions can’t be used by your employer to reduce their SG payment obligations, regardless of the amount you elect to salary sacrifice.Read more
In this article you can discover the top 10 performing High Growth funds over 1 year and 10 years to 31 December 2020. High Growth funds have 81-95% invested in growth assets.Read more
In this article you can discover the top 10 performing Conservative super funds over 1 year and 10 years to 31 December 2020. Conservative funds have 21-40% invested in growth assets.Read more
The investment assets of many super funds are far from transparent – both publicly and for fund members. It’s a situation the government has tried to remedy over a number of years, but from 31 December 2020 all that’s changing.Read more
If you’re a member of a big super fund, chances are you are a part-owner in an airport, a pipeline or a major shipping port. So why have super funds embraced infrastructure and what’s in it for you as a super fund member?Read more
If you’d like more control over how your super is invested, we have prepared a simple guide to what responsible investment means when it comes to super.Read more
Buy/sell spread fees are something we’re all likely to see a lot more of thanks to ASIC’s new disclosure rules for annual fund member statements. So just what are these mysterious charges and how do they work?Read more
If you believe your super fund is not performing as well as you had hoped, or as well as other super funds, what can you do? Here’s our 5-step guide to help you assess whether your super fund’s investment performance is staying with the pack – or lagging the field.Read more
If you’re unhappy with how your super savings have grown, it’s worth considering whether you’re in the right investment option in your super fund. To help you work through the process of making an investment option switch, check out our simple explainer.Read more
An SMSF is no different to a fitness, diet or a savings plan, in that a few days dedicated to making sure it is in order for the year ahead will reap benefits over the next 12 months. So what are some of the things that you should be resolving to do for your SMSF in 2021?Read more
SMSF trustees have a lot to remember. Along with trustee meetings and minutes, trustees need to keep up to date with current superannuation legislation and review their investments regularly. There are annual returns to lodge, auditor reports to arrange and actuarial reports to book as well if your SMSF is paying a certain kind of pension.Read more
SMSFs provide members with a high degree of control over their retirement savings, but with that control comes responsibility. Here we look at the administrative, reporting and record-keeping obligations that trustees need to complete to ensure their fund complies with superannuation and taxation legislation.Read more
Running your own self-managed super fund has many benefits. But unless you have a high degree of SMSF and investment knowledge, as well as plenty of time available to manage your fund, you’re likely to need some professional help. Here we look at the factors you’ll need to consider before you choose a provider.Read more
In specie transfers (also known as off-market transfers) are transfers of assets in and out of super funds, rather than transfers of money. We take a look at the pros and cons of in specie transfers relating to SMSFs.Read more
The concept of ‘arm’s length’ is familiar to businesses the world over. To ensure business transactions are conducted at commercial market values buyers and sellers must act independently, without colluding and without one party influencing the other. So how does this concept apply to your SMSF?Read more
It’s a rare person who enjoys paperwork. But for trustees of a self-managed super fund, it’s a necessary evil. Find out what penalties apply if your fund isn’t set up and managed to comply with superannuation and taxation legislation.Read more
The bushfires in Australia have ravaged millions of hectares, left thousands of people homeless and killed millions (if not billions) of native animals. The devastation has left many retirees in bushfire-prone areas wondering what is an appropriate level of home and contents insurance.Read more
Everyone loves a bargain, but once they turn 60 many people forget to grab one of the best deals on offer – their state government’s Seniors Card.Read more
There are a range of concession cards that Australian seniors and pensioners may be eligible for. Depending on the card, you may be entitled to cheaper medicines and discounts on services such as public transport, council rates and power bills.Read more
We asked 15 retirees, ‘If you knew when you were younger what you now know about retirement, what would you have done differently?’ Here’s what they said.Read more
Life expectancy is a complex topic, so we’ve put together a straightforward guide to help explain the key concepts – enabling you to plan your retirement with a bit more confidence.Read more
While older people often eat less than when they were younger, they actually have increased dietary requirements for a range of nutrients. This mismatch between food intake and nutritional requirements can potentially result in deficiencies and accelerate ageing and disease risk. Discover what nutrients you need to increase once you hit 70.Read more