We asked financial advisers to share their top tips. From downsizing your home to changing the way you think about retirement, here’s what they want us to know.
Building a sizeable retirement nest egg can take some effort, but a recent study by Roy Morgan found only 18% of employees with super currently have more than the compulsory 9.5% of their salary or wages going into their super fund account.
For some retirees, selling the family home can also be a great way to release built-up equity and make an extra contribution to their super account.
If you’re single and a woman, then the super stats are stacked against you. But you can still come out winning in the super stakes if you do what these three smart women did…
You can make contributions into your super account from your take home pay or money outside the super system. Since these contributions have already been taxed before you contribute them to your super account, they are not treated concessionally and are called non-concessional contributions.
If you are wondering how recent rule changes have affected your super and retirement plans, here’s a quick guide to the key changes and when they commenced.
If you are aged 65 or over, compulsory employer contributions like Super Guarantee contributions can be made directly into your super account.