Superannuation

Superannuation Member and Death Benefits

Superannuation serves as a critical savings vehicle for Australians, designed to provide financial security in retirement. However, the nuances between member benefits and death benefits can be complex. Let's clarify these differences and explore their implications.

Understand Superannuation Trends and Make Better Choices

Despite efforts to encourage retirees to use income stream products, many are still opting for lump sum payments when accessing their super. In fact, there's been an increase in lump sum withdrawals recently. Are you making the most of your retirement savings? In this article, we discuss why this matters to you and what you can do about it.

Understanding The New $3 Million Super Tax and How It Affects Your Wealth

With significant changes to superannuation tax laws on the horizon, it is essential for high-net-worth individuals to understand the potential impact on their wealth. The looming increase in tax rates on superannuation balances exceeding $3 million has generated substantial debate. As the implementation date draws near, taking a thoughtful and informed approach is vital. However, note that this measure is not yet law.

Key Superannuation Changes for 2024/25 Financial Year

Happy New Financial Year! Australia's superannuation system will see several changes in the 2024/25 financial year. The Superannuation Guarantee rate will increase to 11.5%, and both concessional and non-concessional contribution caps will rise. Some proposed changes, such as superannuation on paid parental leave and modifications to tax rates for high balances, are under consideration. Understanding these updates is important for effective financial planning.

Maximise Your Super Contributions Before Financial Year End

Learn how to enhance your retirement savings and reduce your tax bill with superannuation planning strategies such as understanding contribution caps, making catch-up contributions, taking advantage of government co-contributions and spouse contributions.

When Is the Best Time to Retire and How?

Deciding when to retire is one of the most significant financial decisions you'll make. The right time to retire varies for everyone, influenced by personal circumstances, financial readiness, and lifestyle goals. Here, we'll explore key considerations for determining the best time to retire and how to prepare for a comfortable and fulfilling retirement.

Understanding Insurance in Your Self-Managed Superannuation Fund

When setting up a Self-Managed Superannuation Fund (SMSF), many are advised to consider how best to handle their insurance needs. While some opt to retain their previous retail or industry super fund accounts primarily for insurance purposes, others explore the potential of integrating insurance directly into their SMSF. In this article, we discuss why and how you can efficiently manage insurance through your SMSF.

What’s a Super Retirement Bonus?

Understanding retirement bonuses from super funds can help you get more money for your retirement. These bonuses are a way for super funds to thank you for keeping your money with them as you move from working to retiring. Not all super funds offer these bonuses, and they can vary a lot, so it's important to check how they fit into your overall money plan.

Wanna Know a Super Secret for Retirement?

You can generate super savings in two ways: contributions and investment earnings. While you work, investment earnings are really important. Once you retire, earnings become even more important.

Wanna Know a Super Secret?

Working Australians contribute money into super each year. It may be tempting to think that these contributions make up the bulk of your retirement savings. But, for most people, that’s not how it works. There’s a super secret and we want to let you in on it.

CHOOSE YOUR ADVISER