July 2022 newsletter

They say a picture is worth a thousand words, so we’ve created a visual representation of super’s value in the long run.

Super funds continued their positive run in February, but war in the Middle East and rising oil prices have played havoc with global markets in recent weeks.

Lifecycle funds are designed to reduce risk as you near retirement without sacrificing returns; recent research shows many do just that but you need to know what to look for.

While the top 10 Growth funds bounce around from year to year, the cream floats to the top over 10 years and tends to stay there.

Earning a good return on your super is important, but so is avoiding wild ups and downs when markets are volatile, especially when you are nearing retirement.

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.

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.

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.

Let low taxes and a generous interest rate do the heavy lifting while you save for your first home in super.

Couples who plan together succeed together. Learn how paying attention to your spouse’s super could maximise your opportunities.

By directing some of your pre-tax income to super, you not only boost your retirement savings but save tax at the same time.

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.

Even though the work test has been abolished for most super contributions, if you are over age 67 there is still one type of contribution that needs to pass the test.

Take the following 10-question quiz to test your knowledge on boosting your super with superannuation contributions.

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.

If you want to retire early you will need sources of income other than super now that the super preservation age has increased to age 60.

Once you turn 60 it is easier to access your super provided certain conditions are met.

While the Age Pension age has crept up to 67, the average age of retirement in Australia is closer to 65. Filling the income gap with super will require careful planning.

The government’s reverse mortgage (previously called the Pension Loan Scheme), helps older Australians convert property equity into retirement income without selling their home.