A self-managed super fund (SMSF) puts you in control of your retirement savings. Instead of letting an industry or retail fund manage your super, you and fellow members act as trustees (or set up a corporate trustee) and decide how…
For many Australians, the family home is their largest asset. Once children have moved out and retirement approaches, downsizing to a smaller property can free up both cash flow and lifestyle options. Recognising this, the government introduced the downsizer contribution…
A Self-Managed Super Fund (SMSF) gives you control over your superannuation investments, offering a tailored approach to managing your retirement savings. Unlike industry or retail super funds, where professionals oversee investments and compliance, an SMSF puts you in the driver’s…
If you have an Industry Super Fund, chances are you’ve been trusting your money with a fund that promises low fees and reliable returns. Industry Super Funds have been the go-to choice for many Australians, largely due to their strong…
Superannuation (super) is generally accessible when you retire and reach your preservation age, which varies based on your date of birth. Alternatively, you can access it at age 65, even if you're still working. Preservation Age Before 1 July 1960:…
Importance of Early Planning: Early Start: Financial advisers emphasize starting retirement planning early to achieve better outcomes. Early planning helps in managing major financial elements like mortgages and retirement savings effectively. Client Benefits: Starting early enables you to take action…
Boosting your superannuation is a strategic way to secure a comfortable retirement. Here's a closer look at several methods that can help: Salary Sacrificing Definition: Salary sacrificing involves forgoing part of your salary and directing your employer to contribute it…
Changing rules around tax and superannuation are making quality financial advice more valuable than ever. Due to the shortage of professional planners, advisers are having to do much more work, costing them more money, amid a heavy compliance load following…
While your employer’s compulsory Super Guarantee (SG) contributions provide some level of financial security in retirement, if you are relying on this alone, you may risk not having enough super to enjoy your retirement. A solution is to boost your…
There’s a lot to love about being female but when it comes to finances, women are at a disadvantage. Women earn on average almost $239.80 less a week than men. They take more career breaks to care for their families,…