Best super returns in a generation, Year in review, Income for life, 6-member SMSFs, Age-based super rules, Your best contributions strategy
Highlights of the July 2021 edition of the SuperGuide Premium newsletter include:
- A SUPER COMEBACK: Super fund returns returned 18% last financial year, highlighting the importance of staying invested.
- FROM GLOOM TO BOOM: The 2020-21 financial year kept investors on the edge of their seats, as the economy and markets staged a dramatic recovery from recession.
- CALL AND RESPONSE: Retirees have been calling for guaranteed income for life, and more super funds are answering the call.
- GREEN LIGHT FOR 6-MEMBER FUNDS: SMSFs now have more flexibility to gather the extended family in one fund. What could possibly go wrong?
- SUPER FOR THE AGES: From your teens to your 70s, our guides will help you make the most of the super rules whatever your age.
- MIX AND MATCH SUPER CONTRIBUTIONS: Finding the right mix of before and after-tax contributions can make a big difference to your retirement savings. We explain how.
Pandemic has long-lasting impact on older Australians, Intergenerational report forecasts doubling in older Australians, Hostplus to grow through more mergers, LUCRF Super teams up with AustralianSuper, Super funds make bid for Sydney airport, Six member SMSFS good to go, Dixon Advisory to pay $8.2 million in penalties.Read more
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
It’s been a long time coming, but more super funds are responding to calls for reliable retirement income that lasts as long as you do.Read more
In this video we look at the ATO’s new comparison tool for MySuper funds. In short it’s an OK start, but it’s not quite providing enough useful insights yet.Read more
After the coronavirus recession of early 2020, the strength of the economic recovery and investment returns defied all expectations, in a good way.Read more
Six member SMSF funds – they sound like a sensible idea, don’t they? Put the family in one super fund, make joint investment decisions, help the children save and heaps more reasons. Why not?Read more
By using a contributions reserving strategy, SMSFs can potentially double their annual contributions caps in a single yearRead more
Although some people are still working in their 70s, making super contributions becomes more difficult, so it’s important to know the rules.Read more
When you reach your 60s, the rules around making contributions and withdrawals from your super account start to change, so it’s important to know what’s what.Read more
When you reach your 50s and retirement beckons, it’s time to get serious about your super. Here are the key rules that apply to this age group.Read more
In the early years of your career, there’s a lot competing for your hard-earned dollars. But your super is important too, so here’s the lowdown.Read more
That first job can be exciting, but it’s important to remember that your weekly pay comes with super contributions. Here’s the key rules that apply to you.Read more
SUPER CONTRIBUTIONS 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
It can be confusing to understand all the different types of super contributions. But it’s worth learning the main types and what each one offers you.Read more
Making a tax-deductible super contribution can be a great way to boost your retirement savings. Find out whether they could be the right strategy for you.Read more
Forgoing some of your salary into your super through a salary sacrifice arrangement can have valuable tax benefits and help boost your retirement nest egg.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
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
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
Deciding whether to put an inheritance into super can be tricky, so think carefully before you act.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
Reaching your Total Super Balance limit creates problems if you want to continue building your wealth, but there are some strategies you can consider.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
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