To legally access your super in Australia you must satisfy a condition of release. Different conditions of release have different payment conditions and tax implications.
Five super funds continue to hit new members with pandemic exclusions
People working casually, part-time or in ‘hazardous’ jobs may be paying for junk total and permanent disability insurance.
The bushfires in Australia have ravaged millions of hectares, left thousands of people homeless and killed millions (if not billions) of native animals. The devastation has left many retirees in bushfire-prone areas wondering what is an appropriate level of home and contents insurance.
Besides being a great way to save for retirement, Australia’s super system offers some valuable – but little-known – benefits for super fund members. Here’s our list of the top 10 super benefits and how they can help improve your financial situation.
Knowing who to complain to when you need help resolving a problem with your super fund or financial adviser can be confusing. Whether it’s a concern about poor advice, problems with unpaid SG contributions, or questions about how your private data has been handled, there are a number of organisations that can help.
Nobody likes paying fees, particularly when you can’t see what you’re paying for. So when it comes to your super fund, it’s worth learning a bit more about the fees you’re paying and why.
Despite concerns that life insurance premiums inside superannuation are set to rise as a result of new legislation making insurance opt-in for members under 25, inactive accounts and balances below $6,000, there is little sign of this happening.
Paying too much for Income Protection insurance inside your super fund can cost you dearly, eating into your retirement savings without necessarily improving your cover.
Many Australians are still stuck in insurance processing hell.
SMSF trustees need to assess whether each member of their fund has an appropriate level of insurance. In this article we look at whether there are benefits having insurance inside your SMSF rather outside your super fund.
As part of ongoing improvements by the ATO, members of most super funds can access additional online information about their super accounts. Find out what information is available and how you can use it to better manage your super savings.
This month we look at the new proof-of-life certificates required for pensioners overseas, the launch of Australia’s first independent superannuation consumer advocacy organisation, the announcement of a major review of Australia’s retirement income system and an awareness campaign to help you stay safe online.
Increasingly super funds offer support through education, advice, apps and rewards – find out if your fund stacks up in terms of what it does for you.
By the time you retire chances are that superannuation will be your biggest store of wealth outside the family home. Yet we tend to spend more time researching the best mobile phone plan or our next holiday than we do on our super.