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.
The list of top 10 Growth funds in 2023 rounded up some of the usual suspects with a few newcomers, but over 10 years the top funds remain remarkably consistent.
Super funds surmounted a wall of worries in 2023 to post a return of almost 10%, thanks to buoyant global share markets.
Super funds continued their winning streak in January, with the median Growth fund up 1% over the month.
Now that super funds have signed up to the Retirement Income Covenant, retirees who worry their savings won’t last the distance are being offered a growing selection of pension offering income for life .
Our video review demonstrates how to use the ATO super fund comparison tool to shortlist products you may wish to consider.
After the coronavirus recession of early 2020, the strength of the economic recovery and investment returns defied all expectations, in a good way.
By using a contributions reserving strategy, SMSFs can potentially double their annual contributions caps in a single year
If you’re still adding to your retirement savings in your 70s, it’s important to know the super rules, as making contributions becomes tougher after age 75.
When you reach your 60s, the rules around making contributions and withdrawals from super start to change, so it’s important to know what’s what.
When you reach your 50s, it’s time to get serious about your super, so here’s the key super rules for your age group.
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.
Your first job can be exciting, but it’s important to remember your weekly pay could come with super contributions, so here’s the rules applying in your teens.
SUPER CONTRIBUTIONS STRATEGIES
Growing your retirement savings needs the right mix of super contributions. Here’s some guidelines and case studies to help you think about what’s right for you.
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.
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.
Salary sacrifice can be a convenient and simple way to boost your super and reduce your tax bill at the same time. Learn how to get it right and the alternative to consider.
If you haven’t used all your concessional contributions cap in recent years you can use them to play catch-up and get a handy tax concession to sweeten the deal. We explain how.
Using the bring-forward rule is a great way to put a larger contribution into your super account in a single year. Here’s what you need to know about the rules.
Couples who plan together succeed together. Learn how paying attention to your spouse’s super could maximise your opportunities.
Deciding whether to invest an inheritance into super can be tricky, so it’s important to think through your decision carefully.
Withdrawing and recontributing money into your super can be a valuable way to improve your estate plan and equalise the super position of you and your spouse.
As your Total Super Balance impacts your eligibility to make certain super contributions, it’s vital to monitor it regularly when considering your options.
Although the rules on making super contributions in your 60s and 70s have been relaxed, it can still be a bit confusing to know who is eligible and who’s not.
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.