Super and pension fund rankings, Super rules for all ages, Super tips for EOFY, SMSF Q&As with the ATO, Looking beyond dividends for income, ‘Safe’ pension withdrawal rates
Highlights of the May 2020 edition of the SuperGuide Premium newsletter include:
- SUPER FUND RETURNS FOR APRIL: After a dismal February and March, super fund returns staged a partial rebound in April. While funds are still on course for a negative return this financial year, the damage may not be as bad as many feared.
- TOP SUPER AND PENSION FUNDS: Have you been wondering how your super is doing compared with other funds? Well now you can find out thanks to our fund rankings by quartile performance over various time frames.
- ACT YOUR AGE: The way you interact with your super will depend in part on your age and stage of life. So we have pulled together the rules that apply to you each decade from your teens to your 70s, and how to make the most of them.
- EOFY SUPER TIPS: It’s been an extraordinary year, leaving some people with savings to invest and others with a cash shortfall to cover. So this year it’s more important than ever to do a super and tax stocktake ahead of June 30.
- SMSF Q&As WITH THE ATO: Dana Fleming, Assistant Commissioner of the SMSF Segment at the ATO answers questions from SuperGuide readers about COVID-19 issues, including early release of super process, providing rental concessions for tenants and the change to the minimum pension drawdown rates.
- THE SEARCH FOR INCOME: First it was record-low interest rates. Now the big banks and other companies are cutting dividends. Where can investors turn for income? We uncover some alternatives.
- WHAT IS A SAFE PENSION WITHDRAWAL RATE: The government has temporarily halved minimum pension withdrawal rates in response to the impact of the coronavirus on super pension account balances. But are our minimum withdrawal rates sustainable? We cover the debate over ‘safe’ withdrawal rates.
Now updated to 30 June 2021. Have you ever looked at your super fund’s investment returns and wondered how your fund compares with similar funds? Is it a consistently high performer or an inveterate underachiever?Read more
In this article you can discover the top 10 performing All Growth super funds over 1 year and 10 years to 30 June 2021. All Growth funds have 96-100% invested in growth assets.Read more
In this article you can discover the top 10 performing Balanced pension funds over 1 year and 10 years to 30 June 2021. Balanced funds have 41-60% invested in growth assets.Read more
Super funds continue to produce strong returns for their members in a difficult economic climate, with the median Growth fund up 1.7% in August for a cumulative return of 2.8% in the first two months of the financial 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
SUPER RULES BY AGE
That first job can be exciting, but it’s important to remember that your weekly pay comes with super contributions. Here’s the key rules that apply to you.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 and retirement beckons, it’s time to get serious about your super. Here are the key rules that apply to this age group.Read more
When you reach your 60s, the rules around making contributions and withdrawals from your super account start to change, so it’s important to know what’s what.Read more
Although some people are still working in their 70s, making super contributions becomes more difficult, so it’s important to know the rules.Read more
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
Access to early super resumes, ASIC defers mortgage broker reforms, Royal Commission calls for submissions on COVID-19, ASIC warns against day trading, SMSF annual returns deferred, Older Australians see silver lining.Read more
If you want to exercise your right to choose a super fund, you must complete the Standard Choice Form that your employer gives you, and return it to your employer.Read more
If you have savings in a KiwiSaver account, you can voluntarily transfer them to an Australian super fund under the provisions of a Trans-Tasman Retirement Savings Portability scheme that was introduced on 1 July 2013.Read more
It can make sense to bring your UK pension funds home to Australia, but the process is far from straightforward. We explain how it’s done.Read more
Dana Fleming, Assistant Commissioner of the SMSF Segment at the ATO, provides useful insights for SMSF trustees about current issues such as the early release of super process, providing rental concessions for tenants and the change to the minimum pension drawdown rates.Read more
Market volatility should prompt a look at asset allocations and the potential need to rebalance investments.Read more
When markets fall by as much, and as quickly, as they have recently, it’s easy to conclude that it’s time to move all your assets into a safer haven.Read more
A core and satellite asset allocation strategy is one of the most popular ways to invest. But does it still make sense when markets are falling?Read more
Self-managed super fund (SMSF) investors were left reeling after three of the big four banks slashed dividends across the board, with ANZ and Westpac suspending theirs altogether and NAB cutting its by 64%. CBA has said it won’t make a final decision on its dividend until August when it reports its full year results.Read more
In bad news for retirees and others who depend on dividend cheques (and dividend imputation rebate cheques from the Tax Office) bank dividends have largely evaporated. But it’s not as bad as many commentators suggest, and actually good for some investors.Read more
Working out how much income you will need in retirement isn’t easy, but some simple rules of thumb can be a good place to start.Read more
In a low interest rate environment, debate has been sparked about whether ‘safe’ pension withdrawal rates are still safe. With the economic impact of the coronavirus also putting pressure on share prices and dividend payments, the issue is more topical than ever.Read more
In this video interview David Williams from My Longevity talks about the 3 stages of ageing, and how long each stage generally lasts.Read more
Whether by choice or necessity, more Australians are embracing working for longer. Yet there are obstacles to overcome when you’re looking for work in your 50s and older.Read more
As people live longer, mature age is being redefined. Far from viewing retirement as the final curtain call, a growing number of retirees see the milestone as the start of something new. It’s a chance to explore the world, pursue an adventure, learn new skills, graduate from university and celebrate the best of a whole new life stage.Read more