Contribution strategies, Super fund performance, Top funds, Year in review, Retirement Income Covenant, Planning for retirement
Highlights of the July 2022 edition of the SuperGuide Premium newsletter include:
- HOW TO BOOST YOUR SUPER: If your super is looking a bit anaemic, these strategies could help it recover.
- SHORT TERM-PAIN, LONG-TERM GAIN: The 2022 financial year was tough for super funds, but the long-term picture is brighter.
- TOP 10 FUNDS: Despite the turmoil on global markets, some funds kept their head above water.
- YEAR IN REVIEW / PREVIEW: Volatile markets challenged investors in 2021-22, and it’s not over yet.
- THE RETIREMENT INCOME COVENANT AND YOU: From 1 July funds must display their retirement income strategy, but you may have to search for it.
- YOUR RETIREMENT QUESTIONS ANSWERED: If you’re approaching 55, 60 or 65 and planning to retire, this is what you need to consider.
In this article we report median super fund performance for 1, 3, 5, 7, 10 and 15 years and across five different investment options.Read more
They say a picture is worth a thousand words, so we’ve created a visual representation of super’s value in the long run.Read more
After a challenging few months, the median Growth fund fell a further 3.3% in June, taking the loss for the full financial year to 3.3% also.Read more
These days many Australians have their retirement savings in a lifecycle super fund, often by default. All the more reason to understand how they work, how they perform, and who they suit.Read more
In back-to-back performances, Hostplus was the top performing Growth fund again in 2021-22, with a positive return of 1.6%. In an extremely challenging year, only two other funds managed a positive return.Read more
When markets are as volatile as they have been lately, it is a true test of funds that offer a smoother ride through the ups and downs of the investment cycle.Read more
HOW SUPER WORKS
Retirement Income Covenant goes live, Super fund average performance drops, Deeming rates frozen, YFYS performance test to be reviewed, SMSF numbers continue to increase.Read more
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.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
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.Read more
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.Read more
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.Read more
SuperGuide webinar: Downsizer contributions
Thursday 28 July 2022 at 11.00am (AEST)
In this exclusive webinar super expert Garth McNally will detail what you need to know to get the best outcomes with Downsizer contributions, including how the eligibility rules work, and timing, Centrelink and strategy considerations.
SUPER CONTRIBUTIONS STRATEGIES
Downsizing and putting the proceeds into super can be a great way to boost your retirement savings without having to meet many of the rules affecting other super contributions.Read more
The government’s First Home Super Saver Scheme (FHSSS) can be a handy tool when you are looking to save for your first home. But it’s not for everyone.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
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
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.Read more
The rules for making super contributions after age 67 have been relaxed substantially, but you must still meet a work test for one type of contribution.Read more
Take the following 10-question quiz to test your knowledge on boosting your super with superannuation contributions.Read more
Investors climbed a wall of worries in the closing months of the financial year, from rising inflation and interest rates to fears of recession.Read more
As your circumstances or the regulatory environment changes, your trust deed may also need updating.Read more
SMSFs are often taken to task for relying too heavily on cash and Australian shares, but the picture is more nuanced if you scratch below the surface.Read more
The new retirement income covenant effective from 1 July doesn’t apply to SMSFs, but that doesn’t mean trustees can’t learn from it.Read more
John Maroney, CEO of the SMSF Association gives new financial year tips for SMSF trustees, including around Downsizer contributions, what younger trustees need to consider, and what principles to remember in times of market volatility.Read more
From 1 July, super funds are required to provide a retirement income strategy to members, but you may need to search for it.Read more
If you’re planning on retiring at 55, there are many questions you’re likely to be asking yourself about your super and any financial assistance you can get.Read more
When you’re planning to retire at 60, there are lots of questions you need answers to when it comes to your super and any financial assistance that may be on offer.Read more
At 65 retirement beckons, but you’re likely to have lots of questions about your super and the assistance available to retirees.Read more
The Home Equity Access Scheme can be a great way to boost your retirement income by taking a loan from the government against the equity in your home.Read more