Super performance for 2019-20, Year in review, Super contributions strategies, Super and tax, Managing your SMSF through a recession, Wellbeing and brain health in retirement
Highlights of the July 2020 edition of the SuperGuide Premium newsletter include:
- WHAT JUST HAPPENED? After a year punctuated by the worst pandemic in a century and the worst global recession in nearly as long, super fund returns finished the year… where they began. We chart super’s performance over the past month, year and over the long-term.
- PHEW! YOU MADE IT: It’s been a challenging year for SMSF trustees. We survey the year that was and how to steer your fund through a recession.
- BAND-AID SOLUTION FOR TPD INSURANCE IN SUPER: A temporary relaxation of tough eligibility tests for ill or injured people claiming on their TPD insurance in super is not good enough.
- DOES YOUR SUPER NEED A SHOT IN THE ARM? If your super looks a bit anaemic, making extra contributions is a smart move. Whether you are still working or recently retired, we outline your options.
- UNDERSTANDING SUPER CAN BE TAXING: If you find the taxation of super confusing, you’re not alone. We feel your pain, so we’ve put together a guide to help you make the most of the tax concessions on offer without breaking the rules.
- CHALLENGE YOUR BRAIN, FEEL THE GAIN: Retirement may be a chance to ease back but staying engaged and challenged is vitally important for brain health as we age. In this video interview, we explain how.
ATO clamping down on false claims, AFCA’s 80,000 complaints, MySuper Heatmap delivers for members, Robo-advice lagging in Australia, Australians pay closer attention to super.Read more
The cover is much harder to claim if you’re unemployed, casual or part-time, because of the ‘activities of daily living’ test.Read more
Tracey Spicer talks to Natasha Janssens about some of the challenges that women face in building their super, and what to think about if you’re considering taking out some of your super due to COVID-19.Read more
Ross Clare from ASFA talks to Tracey Spicer about how the pandemic has impacted superannuation and the broader economy.Read more
SUPER FUND PERFORMANCE FOR 2019-20
Discover the top 10 performing Growth super funds over 1 year and 10 years to 30 June 2021. Growth funds have 61-80% invested in growth assets.Read more
In this article we report median super fund performance for 1, 3, 5, 7, 10 and 15 years, up to 30 June 2021 and across five different investment options.Read more
Super funds continue to produce strong returns for their members in a difficult economic climate, with the median Growth fund up 1.7% in August for a cumulative return of 2.8% in the first two months of the financial year.Read more
SUPER CONTRIBUTION STRATEGIES
Growing your retirement savings needs the right mix of super contributions. Here’s some case studies to get you thinking about what’s right for you.Read more
In your late 60s, you may need to meet a work test before making contributions into your super account. Here’s the current rules and what they mean for you.Read more
Getting money into super in the final dash to retirement is not always straightforward, so check you’re eligible before making any last minute contributions.Read more
Once you’re in retirement, making super contributions gets a lot trickier. But it’s not impossible if you understand the rules and are willing to use different types of contributions.Read more
Using the bring-forward rules is a great way to put a large contribution into your super account in the same year. Here’s what you need to know about the rules.Read more
Re-contribution strategies can reduce the tax on your super benefit and may eliminate tax for non-tax dependant beneficiaries like your adult children.Read more
Rolling forward any unused amounts from your annual concessional contribution cap can be an easy way to get more money into super tax-effectively.Read more
Splitting your super with your spouse or partner can be a great way to boost your joint retirement savings and possibly save yourself some tax as well.Read more
Going over your annual limits for super contributions can cause problems and cost you money, so it’s important to know what to do if you have.Read more
SUPER AND TAX
Super is arguably the most tax-effective retirement savings vehicle in the land, so it’s worth getting acquainted with the rules.Read more
If you access your super when you’re under age 60, the tax man is going to get a share of it, so make sure you know the rules.Read more
When you reach age 60, the rules change on how much tax you are required to pay when you withdraw your super savings.Read more
It was a year when it felt like an achievement just to make it to the other side.Read more
Many trustees have never had to run a self-managed super fund through a recession. So to survive this period, experts recommend avoiding selling when markets are at their nadir, focusing on fundamentals and looking for opportunities to acquire well-priced quality businesses.Read more
The bar has been raised on the amount you can transfer into a pension account, but don’t get tripped up by the details.Read more
Tracey Spicer talks to world-renowned positive psychology and wellbeing expert Sue Langley about ways to think about wellbeing in retirement.Read more
Tracey Spicer talks to clinical psychologist Deanna Pitchford about ways that retirees can look after their brain health.Read more
David Williams from My Longevity talks about the concept of Personal Capital and why it’s important retirees don’t overlook it.Read more