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
In this article you can discover the top 10 performing Growth super funds over 1 year and 10 years to 30 June 2020. Growth funds have 61-80% invested in growth assets.Read more
Discover the investment performance for 12 different asset classes over various timeframes. For all asset classes there is data for 1, 3, 5, 7 and 10 financial years, and for most asset classes there is also data over 15 financial years.Read more
In this article we report median super fund performance for 1, 3, 5, 7, 10 and 15 years, up to 30 June 2020 and across five different investment options.Read more
Super funds rose for the third straight month in June, making a 6.5% comeback from the COVID cliff the previous quarter. By the end of the financial year, most funds ended up near where they started with some funds managing a modest positive return. All in all, that’s a good outcome from one of the most turbulent financial years in the past century.Read more
SUPER CONTRIBUTION STRATEGIES
Working out the best mix of super contributions to grow your nest egg can be confusing. Here are some simple case studies to help show you the impact for Aussies of different ages, incomes and work situations.Read more
Making super contributions once you reach age 67 is more difficult as you need to meet the requirements of a work test. Here’s a simple guide to understanding the rules and how they affect you.Read more
Once you get to your late 60s, the rules change when it comes to making personal contributions into your super account. Here’s a simple guide to who is eligible and who’s not.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
The bring-forward rule represents an important opportunity to put more money into your super account in a particular year if you receive an inheritance or are getting close to retirement. Here’s a simple guide to how it works.Read more
Re-contribution strategies are all about how to withdraw money from your super account and re-contributing it to save tax. Here’s a simple explanation and 10 points to consider before taking the plunge.Read more
If you feel like you’ve missed the boat when it comes to building your retirement savings, it could be time to use an often-overlooked contribution opportunity.Read more
Topping up your spouse’s super account can be an easy way to build the nest egg you have to share during your retirement. Here are two easy ways to boost your spouse’s super balance.Read more
Exceeding your annual super contributions cap can leave you with a big tax bill. So here’s a simple explainer of the process you’re likely to face.Read more
SUPER AND TAX
This article broadly explains how superannuation is taxed, including when you make contributions, as your super grows, and when you access your super.Read more
Although you can retire and access your super if you’re under age 60, the tax man is going to want his cut, so ensure you understand the rules before acting.Read more
Knowing how much tax you’ll pay when you withdraw your super savings is important and the rules change once you reach age 60.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
Transfer balance account reports notify the ATO of any changes to trustees’ transfer balance accounts and, depending on the circumstances of the trustee, may need to be lodged with the ATO 28 days after the end of a quarter. That means another TBAR lodgement date is fast approaching – 28 July 2020 – which makes it a good time to review when, how and why SMSF members may need to lodge these reports.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