Where SMSFs invest, Super Guide for employers, Super fund award winners, Returns maintain upward momentum, Changing nature of retirement.
Highlights of the November 2020 edition of the SuperGuide Premium newsletter include:
- SUPER FUNDS BOUNCING BACK. Buoyant share markets helped super funds maintain their upward momentum in October, but most investment options still fall short of pre-COVID levels.
- BEST IN SHOW. When it comes to choosing a top-notch super fund, performance counts but it isn’t everything. The annual super fund awards highlight what separates the best from the rest.
- SMSFS SPREAD THEIR INVESTMENT NET FAR AND WIDE. SMSFs are often criticised for a lack of diversification, but the latest snapshot of their favourite shares, managed funds and ETFs paints a different picture.
- ARE YOU A SUPER SAVVY EMPLOYER? Working out which employees get super and managing payments can be tricky and time consuming, so we’ve produced a comprehensive new super guide for employers.
- RETIREMENT RAGS OR RICHES? Amara Haqqani from Milliman explains that working out how much super is enough is a question of personal needs and your attitude to money.
- RETIREMENT TIMES THEY ARE A-CHANGIN’. Economic, demographic and technological shifts are changing the face of retirement, but Professor Andrew Scott says we can still be the writer of our own retirement story.
SUPER NEWS
Super news for November 2020
Interest rate cuts will hurt retirees, Ground-breaking research on future advice, Missed or unpaid super, More workers support ESG factors, 2020 Shonky Awards results.
Read moreSuper fund performance: Monthly returns to November 2020
Super funds are on course for positive returns in 2020, after buoyant sharemarkets lifted the median Growth fund by 4.9% in November and 2.6% for the calendar year to date.
Read morePension fund performance to September 2020
The bounceback in superannuation pension funds, like accumulation funds, continued in the September quarter 2020, albeit at a less exuberant pace than in the June quarter.
Read moreSuper funds of the year awards: Best super funds for 2020/21
Money Magazine announced its superannuation Best of the Best Awards 2021 on December 3, 2020 based on research by Rainmaker.
Read moreSuper and pension fund performance: Where does your fund rank?
Now updated to 30 September 2020. Have you ever looked at your super fund’s investment returns and thought “that looks pretty good”, or “that’s disappointing’’, and wondered how your fund compares with similar funds? Is it a consistently high performer or an inveterate underachiever?
Read moreSuper fund rankings
- All Growth category (96–100%)
- High Growth category (81–95%)
- Growth category (61–80%)
- Balanced category (41–60%)
- Conservative category (21–40%)
Pension fund rankings
- All Growth category (96–100%)
- High Growth category (81–95%)
- Growth category (61–80%)
- Balanced category (41–60%)
- Conservative category (21–40%)
SMSF INVESTING
What are the most popular listed investments for SMSFs?
Tracey Spicer talks to Ron Lesh, Managing Director of BGL about what are the most popular shares, managed funds and ETFs that SMSFs invest in.
Read moreThe following articles list the 20 most popular Australian shares, international shares, managed funds and ETFs invested in by SMSFs as of 30 June 2020. This article uses data supplied by BGL, an SMSF administration software company, and is based on a statistical analysis of more than 25% of the 200,000 SMSFs administered using BGL software.
SUPER GUIDE FOR EMPLOYERS (PART 1)
Employer’s guide to Superannuation Guarantee (SG) contributions: Which employees are eligible?
Working out which of your employees are eligible for SG contributions can be tricky. So, it’s important to learn the SG eligibility rules to ensure you’re always compliant.
Read moreEmployee or contractor for super purposes? How to tell the difference
Employers generally don’t pay super for contractors, but it’s tricky to work out how they differ from employees. Here’s some rules to help you understand the difference.
Read moreEmployee super contributions for the self-employed and micro businesses
Many self-employed people forget about super but making contributions can have lots of benefits. It’s also important to ensure you make contributions if you employ any staff during the year.
Read moreCalculating your employees’ SG contributions? The rules to help get it right
Calculating the SG contributions, you need to pay on your employees’ salary and wages can be tricky. Here’s a simple guide to help you get it right.
Read moreHow to keep good records for your employees’ super contributions
Keeping good records is essential for meeting your employees SG obligations. Check our tips that outline what you need to know, and which records to keep in case of an audit.
Read moreManaging your employees’ SG contributions? Technologies you need to know
If you need to pay and report employees’ SG contributions, you face a range of options and technologies. Our simple guide will help you understand what you need to know.
Read moreAre you meeting your employer super obligations: What are the penalties?
You can earn hefty penalties if you fail to report and pay your SG obligations for your employees. Discover your responsibilities and avoid costly problems with the ATO.
Read moreAre you paying your super contributions on time? Deadlines for employee contributions
When making super contributions for your employees, ensure you pay and report your contributions by the deadline – or risk paying penalties to the ATO.
Read moreSuper Guarantee Charge for employers: What is it and what are my options?
If you don’t pay your SG contributions on time and in full, you will need to pay the Super Guarantee Charge to the ATO. But what is it and what’s the SGC Statement?
Read morePart 2 of the Super Guide for Employers (including a quiz) will be in our December 2020 newsletter
RETIREMENT PLANNING
Video: How much super someone needs will be unique to them
Amara Haqqani from Milliman discusses how the estimates we hear about how much super someone needs for retirement are limited because everyone’s needs are unique.
Read moreSaving for retirement gives you power, and ethical responsibilities
More than 10 million Australians have a superannuation account. Which means, effectively, more than 10 million of us are mini-shareholders with the capacity to influence future business decisions.
Read moreVideo: Behavioural economics and retirement
Tracey Spicer talks to Professor Anup Basu from QUT Business School about behavioural economics and how it can help us understand our decisions around superannuation and retirement.
Read moreVideo: The changing nature of retirement
Professor Andrew J Scott from London Business School discusses how retirement is changing, and what it could look like in the future.
Read moreBoost your retirement with a SuperGuide Premium subscription
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