Super funds of the year, Cheapest super insurance, Manage your own SMSF, Spending in retirement, Work Bonus, My Aged Care
Highlights of the latest SuperGuide Premium newsletter include:
- SUPER FUNDS OF THE YEAR: In the last few weeks, SuperRatings and SelectingSuper have both announced the winners of their Fund of the Year Awards. Did your super fund, pension fund or insurer take a gong?
- SUPER INNOVATION: Barbara Drury discovers some of the leading super fund innovations over the past year, while Janine Mace highlights ways that the ATO’s MyGov is adding innovative features to help you master your super.
- MANAGING YOUR OWN SMSF: What does it take to be your own accountant for your SMSF? And how should you record minutes of decisions made? We also look at ASIC’s recent report to investigate what the average annual costs for SMSFs are, and how much time they take to manage.
- INSURANCE: Which funds have the lowest fees for combined life and TPD insurance and for income protection insurance? We also cover the insurance rules for SMSFs, while Daniel Herborn provides a special report on the long processing times for group insurance claimants.
- RETIREMENT PLANNING: The Institute of Actuaries have devised a new rule of thumb for spending in retirement. And how reliable are retirement forecasts anyway?
- AGED CARE: The Royal Commission provided its interim report with recommendations on three areas of immediate action; the government may be announcing more home care packages before Christmas; and Bina Brown gives a valuable introduction to My Aged Care.
US investment giant sets its sight on Australian super, AFCA’s comparative reporting tool launches, ASIC flags potential downsides of SMSFs, Australian financial institutions at risk of cyberattack and SMSF couples track well against lifestyle 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.
Keeping track of your super can be time-consuming and difficult, but linking the ATO’s online services to your myGov account makes it easier – and secure.
When things go wrong with your super fund or its insurer, it’s good to know there are steps you can take to help get things put right.
Super fund fees are complex and vary widely between funds and even between members of the same fund, so it’s worth learning what you’re paying for.
Super funds continued their winning streak in January, with the median Growth fund up 1% over the month.
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.
There’s debate in the SMSF sector as industry stalwarts question figures published by ASIC that suggest it costs $13,900 a year to run a DIY fund.
If you’re new to SMSFs then you may also be new to minute-taking. If so, we request a minute of your time to guide you through the process.
There are two ways you can use the sale proceeds from a business to boost your super, and the CGT retirement exemption is one of them.
As the cost of living rises, life and TPD insurance premiums inside super have bucked the trend with little or no movement in 2023.
Income protection premiums continued to increase at a significantly higher rate than death and TPD premiums in 2023, but the cost of cover varies widely.
There are pros and cons to weigh up before you purchase insurance through your SMSF, so it’s important to understand the rules.
It’s a common question, but the answer to your optimum pension drawdown may be as simple as spend your age.
Fund estimates and online calculators can provide value insights for planning your retirement, but you need to understand the assumptions used to create them.
Recent changes mean Age Pensioners can work and earn additional income to ease cost of living pressures without impacting their pension.
The TBC limits the amount you can transfer into a super pension. Find out how it works and how to take advantage of its pending increase.
If you’re finding it difficult to make ends meet in retirement, one solution to free up some extra cash could be to take out a reverse mortgage.
Along with planning and saving for retirement, it pays to prepare your relationship for the changes ahead.