Super and contributions strategies, SMSFs and ETFs, Quiz time, Latest returns
Welcome to the NOVEMBER 2018 edition of the SuperGuide Premium newsletter. Highlights include:
- SUPER STRATEGIES: Many super laws, rates and thresholds changing depending on your age. It pays to be on top of these and plan appropriate strategies around them.
- CONTRIBUTIONS STRATEGIES: We take an in-depth look at salary sacrificing and the bring-forward rule, as well as lesser known strategies such as tax-deductible contributions and reducing capital gains.
- ETFs: These are increasing in popularity with SMSF investors, particularly because they are a low-cost way to diversify. Robert Barnes reports on the 20 ETFs that are most popular with SMSFs.
- QUIZ TIME: Test your knowledge with our two quizzes on planning for retirement and boosting your super. Each quiz is 10 questions (multiple choice) and we point you to SuperGuide articles where you can get the answer.
- INVESTMENT RETURNS: October was a difficult month for investors, and the median growth fund lost 3% in value. Find out how super funds are tracking so far this financial year.
ETFs provide SMSFs with an easy and cost-effective means of gaining exposure to international assets, and other harder-to-access asset classes such as emerging markets. This article includes the 20 most popular ETFs invested in by SMSFs.Read more
One of the simplest ways to get free money from the government is to invest a few extra dollars into your super account and take advantage of the co-contribution scheme.Read more
SuperGuide has put together a list of useful tips and strategies to consider implementing in each decade. And don’t wait until just before retirement. If you do, you will miss out on the valuable benefits of compound interest.Read more
AGED-BASED SUPER GUIDES
The key thing to understand about the work test for super contributions over the age of 65 is that you need to be ‘gainfully employed’ on at least a part-time basis to pass the work test.Read more
Take the following 10 question quiz to test your knowledge on how to plan for your retirement.Read more
Take the following 10 question quiz to test your knowledge on boosting your super with superannuation contributions.Read more
Super contributions can be used in many different ways when it comes to planning your finances and saving for your retirement. In the right circumstances, they can also be a very useful tool for minimising your tax bill.Read more
Although it sounds complicated, bring-forward contributions are just what they sound like – you bring forward your non-concessional contributions caps from future years and use them in a shorter time period.Read more
Making a tax-deductible super contribution can be a great way to boost your retirement savings. Find out whether they could be the right strategy for you.Read more
From 1 January 2020, your salary sacrificed super contributions can’t be used by your employer to reduce their SG payment obligations, regardless of the amount you elect to salary sacrifice.Read more
Not everybody is eligible to select the super fund into which their employer directs the Superannuation Guarantee (SG) contributions they make on their behalf.Read more
Brush up on the super lexicon with our extensive glossary: 15% pension offset: A 15% pension tax offset is available against your assessable pension income if you use your super money to purchase a pension income stream. This tax offset will reduce your tax liability. Account-based pension: A regular retirement income stream that you can […]Read more
Topping up your spouse’s retirement savings account with some of your own super contributions can be a great way to help them save for life after work – and possibly save yourself some tax in the process.Read more
If you have an issue with your super fund, there are steps you can take that will lead to the best chance of resolution.Read more
When couples divorce, super is often overlooked in favour of more readily accessible assets. While that’s understandable, ignoring super can result in serious financial disadvantage in the long term. Get the lowdown on what happens to super in the event of a relationship breakdown.Read more
When it comes to the super system, reaching age 60 triggers an important change. It means you can withdraw you super benefits and most people pay no tax on their savings.Read more
Ceasing employment after you reach the age of 60 is a “condition of release”, or one way you that you can access your super in Australia. Ceasing employment means leaving a job, even if you get a job with another employer.Read more
Super funds recovered some of their losses in April, as sharemarkets reacted to a flattening of the coronavirus curve and the partial easing of restrictions in many countries. While funds are still on track for negative returns this financial year, and it’s still too early to assess the full financial impact of the pandemic, Australia’s superannuation sector is performing well under pressure.Read more
Despite a partial rebound in April, all lifecycle fund age cohorts have had negative returns for the financial year to date. Younger members with higher exposure to risk assets have borne the brunt of the downturn, while older members with a more defensive asset allocation have been cushioned from the worst of the falls.Read more
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