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
This article summarises the Coalition’s main election announcements related to superannuation, tax, investing and matters that may affecting your retirement planning.Read more
Now that it has done the impossible by winning the election, will the Coalition do the improbable by keeping its pre-election promises to improve the quality of financial advice?Read more
If you are wondering how recent rule changes have affected your super and retirement plans, here’s a quick guide to the key changes and when they commenced.Read more
When you get to your 50s, you should be paying a lot more attention to your super savings. So you need to know all the rules about making contributions and withdrawing money from your account.Read more
It was not that long ago that same-sex couples and families were treated differently to other couples and families for income tax and super law purposes.Read more
SUPER TIPS AND STRATEGIES
The past financial year has been a turbulent one, so it’s a good idea to start getting your super and tax affairs ready for 30 June. Here’s our top 10 super tips.Read more
In your 50s you’ve turned the corner and are heading into the final career stretch before retirement. So now’s the time to start paying closer interest to your super and ensuring you are set up to reach your retirement goals.Read more
Chant West held their Super Fund Awards on May 26th 2021.Read more
New research shows investing in a super fund with more women at the upper echelons could increase balances by as much as $55,000 at retirement.Read more
Investments exist on a risk spectrum. The higher the return, the higher the risk. So, your comfort with different levels of risk is crucial in determining what kind of assets you can, and should, invest in.Read more
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.Read more
Uncertain about whether or not you can choose your own super fund? Check out our simple guide to the current fund choice rules.Read more
As a member of a defined benefit super fund, how much you receive on retirement will depend on factors such as length of employment and your final salary.Read more
Self-managed superannuation funds are often referred to as do it yourself funds or DIY Super. But how DIY can they really get? It it even possible to do everything yourself and if you were, how significant would the savings be?Read more
SMSFs are increasing their allocation to international shares, with the Australian Taxation Office’s figures showing funds’ allocation to this asset class jumped to $6.18 billion last year, up from $1.8 billion in 2013.Read more
Property investment is popular with SMSFs, so it’s important to understand what your fund can and can’t claim as investment property tax deductions.Read more
HOW MUCH SUPER DO I NEED TO RETIRE?
The decision about when to retire is rarely made overnight. It’s a major life event and deserves careful thought and planning. Finances play a big part, but so do your health, your partner’s circumstances and whether you still enjoy your work or are itching to leave.Read more
The amount of super YOU need to retire will depend on your personal circumstances, financial resources both inside and outside super and your lifestyle. So before you set an arbitrary super target, block out the fearmongers and think about the big picture.Read more
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 are on track to record their highest return in 24 years, massively rewarding members who held their nerve during the dark days of the coronavirus sell-off last year.Read more
The impressive share market recovery since the end of March last year has boosted returns for all Lifecycle age cohorts during that period, but younger members with higher allocations to shares have enjoyed the best of bounce back.Read more