Your June 30 to-do list, Check your fund’s ranking, Super’s ‘’magic window”, How much super is enough, Super pension trends, Age discrimination and super.
Highlights of the May 2022 edition of the SuperGuide Premium newsletter include:
- EOFY SUPER HOUSEKEEPING TIPS: As June 30 nears, it’s time to dust off your paperwork and make last minute contributions.
- CHAMP OR CHUMP? Check our latest performance rankings to see if your super fund is up there with the best.
- SUPER BOOST FOR RETIREES: Meg Heffron explains how contribution changes open a magic 10-year window for retirees.
- WHEN ENOUGH IS ENOUGH: It’s the perennial question – how much super do I need to retire? We help you find the answer.
- SPOTLIGHT ON SUPER PENSIONS: It’s gone largely unnoticed, but many funds now offer more flexible, efficient pensions and rewards for loyalty.
- WISDOM OF THE AGES: We look at the impact of workforce age discrimination on your super and how to fight back.
HOW SUPER WORKS
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.Read more
The Coalition has announced a major new scheme for superannuation and home ownership, while Labor is expected to review the benchmarking tests of the Your Future Your Super legislation.Read more
ASIC disqualifies SMSF auditors as 40,000 breaches involving SMSFs reported, APRA issues directions to NESS around additional board member, NGS Super sets 2025 carbon reduction goal, AustralianSuper to boost investment in private equity, Cbus to reduce weekly admin fee, ATO owed billions in unpaid Superannuation Guarantee Charge from employers, Actuaries Institute paper offers guidance for retirement income covenantRead more
Capital gains are an investment goal, but they leave you with a tax liability, so it’s worth checking some of the strategies for cutting your CGT bill.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
Now updated to 31 March 2022. 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
Super fund rankings
It will come as no surprise that volatile markets took a toll on super funds in April, with the median Growth fund losing 1.2%.Read more
As June 30 approaches, it’s time to make last-minute contributions and get your SMSF housekeeping chores done and dusted.Read more
If you’ve got time on your hands and a good grasp of the super rules, then doing some of your own SMSF accounting tasks may be worth considering.Read more
Tim Miller from SuperGuardian discusses the most important considerations when planning a pension, potential traps to look out for, and what often can be overlooked.Read more
Meg Heffron talks about some of the contributions changes happening from July 2022, and where there may be opportunities for SMSF trustees.Read more
SuperGuide Premium Q&A webinar: 30 May 2022
This July brings more changes to the super rules.
In this exclusive webinar super expert Garth McNally answers the most common questions from SuperGuide Premium members about these changes.
Register today and submit your own question.
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 updated articles and reckoners about how much super you need to retire on a particular income:
- How much super do I need to retire on $40,000 a year?
- How much super do I need to retire on $50,000 a year?
- How much super do I need to retire on $60,000 a year?
- How much super do I need to retire on $80,000 a year?
- How much super do I need to retire on $100,000 a year?
- Income from super Reckoner
See also the following updated articles and reckoners about how much income in retirement a particular super can generate:
- Is $500,000 in super enough to retire on?
- Is $750,000 in super enough to retire on?
- Is $1 million in super enough to retire on?
- Is $1.7 million in super enough to retire on?
- Is $2.5 million in super enough to retire on?
- Is $3.4 million in super enough for a couple to retire on?
- Super to income Reckoner
Recently there have been advances in the way retirement calculators are being designed, meaning that users are no longer required to assume how long they are going to live or what investment returns will be.Read more
While super funds have been slow to innovate in the retirement space, recent improvements to their pension products have gone under the radar. Here’s what’s on offer.Read more
If you’re still keen to work, age discrimination can seriously affect your retirement plans. We’re all being encouraged to work longer, but what if you can’t?Read more
Dr Jane Lonie from Autonomy First discusses some of the key aspects of cognitive impairment that retirees should be aware of, and why it is prudent to have a plan for cognitive decline.Read more
From 1 July this year, the window for making last minute contributions opens up all the way to age 75. These case studies show how.Read more
Government-supported packages to allow elderly Australians to remain living at home are in high demand, but what you get is not always what you want.Read more