Federal Election, Super tips and strategies, Super funds of the year, DIY SMSFs, How much super do I need?
Highlights of the May 2019 edition of the SuperGuide Premium newsletter include:
- FEDERAL ELECTION: The Coalition election win should mean much less disruption to the super and tax rules in the short-term. As we near the end of the financial year though it pays to be across what the government has pledged in the Federal Budget and during the election. In a separate article we provide a refresher on the current super rules and the changes that are legislated for 1 July 2019. Daniel Brammall also reminds us that we need to see the promised recommendations from the Royal Commission come into effect.
- EOFY TIPS AND SUPER STRATEGIES: Janine Mace provides 10 useful super housekeeping tips for the end of the financial year. Don’t leave your contributions until it’s too late! In a separate article Janine has also developed a bumper pack of super tips and strategies whatever stage of life you’re at.
- SUPER FUNDS OF THE YEAR: Last night Chant West announced their super fund of the year. Find out who won, as well as the winners picked from the other major super research houses back to 2013.
- REAL DIY SMSF: While SMSFs are intrinsically self-managed, many trustees choose to outsource much of the administration and investing. Penny Pryor explores how it’s possible to go the other way and operate a truly DIY super fund, and how much it can impact your fund’s bottom line.
- BOARD DIVERSITY = BETTER RETURNS: Recent research has found that companies that have more female representation at board level produce higher returns. Alexandra Cain investigates what this means for super investors.
- HOW MUCH SUPER DO I NEED TO RETIRE? Barbara Drury looks at what you need to consider when considering when you might retire and how much super you may need. We have also updated our series of articles (and reckoners) with the latest figures, including how much super you need to retire on $60,000, $80,000 or $100,000 a year, and what retirement income $500,000, $750,000, $1 million, $1.6 million and $2 million in super can give you.
FEDERAL ELECTION AND THE 2019 SUPER RULES
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Navigating your way around the constant rule changes in the super system is tricky, so here’s our annual list of the modifications you need to know about.
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.
SUPER TIPS AND STRATEGIES
The end of the financial year isn’t far away, so it’s time to get your super contributions and paperwork in order with these 10 top tips.
In your 50s you’re in the final stretch before retirement, so it’s important to pay attention to your super to ensure you’re set to reach your retirement goals.
UniSuper continued its award-winning run, winning Fund of the Year for the eighth time in a little over a decade at the recent SuperRatings awards night.
More women and people of diverse backgrounds on superannuation fund boards should translate to better outcomes for members.
We all want a decent return on our investments, but it’s important to understand how much risk you are prepared to tolerate along the way.
Just because we may be compelled to have superannuation, is no reason to leave it to its fate. In fact, playing a role in how your super is invested is one of the key ways we can influence its outcome. Here we break down the key concepts to help you gain confidence with the investing side of super.
Most Australians can choose which super fund they want their employer’s super contributions paid into, but there are exceptions. We explain who is, and is not, free to choose and how to go about it.
Although defined benefit funds are disappearing in Australia, if you’re lucky enough to be a member, they can offer a valuable way to save for your retirement.
If you’re prepared to do a lot of the grunt work yourself, running your own super fund need not be costly.
Investing in international shares has never been easier, but it’s important to understand the potential impact of currency fluctuation on your investment returns and how to mitigate the risks.
Property investment is popular with SMSFs, so it’s important to know what your fund can and can’t claim as investment property tax deductions if you want to stay on the right side of the ATO.
HOW MUCH SUPER DO I NEED TO RETIRE?
It’s a common question and the short answer is that age is only one of many considerations when you are weighing up when to retire.
Don’t be rattled by pundits saying you need $1 million to retire. The amount you need will depend on your personal circumstances, not some magic number.
See also the following articles on how much retirement income particular super balances can generate…
- Is $2 million in super enough to retire on?
- Is $1.6 million in super enough to retire on?
- Is $1 million in super enough to retire on?
- Is $750,000 in super enough to retire on?
- Is $500,000 in super enough to retire on
- Super to income Reckoner
… and how much super you need to generate a particular income in retirement.
LATEST SUPER FUND RETURNS
Super funds continued their winning streak in January, with the median Growth fund up 1% over the month.
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.