Superannuation, often called ‘super,’ is a vital part of Australia’s financial landscape. It’s a retirement savings system intended to provide financial security in your golden years. However, despite its widespread use and importance, there are several common misconceptions about superannuation that many Australians hold. Let’s shed light on some of these misconceptions and clarify how…
Superannuation guarantees are a vital part of Australia’s retirement savings system, and chances are you’ve encountered this term when discussing your workplace benefits. But what exactly are superannuation guarantees, and how do they affect your financial future? Let’s break it down in simple terms. What Is A Superannuation Guarantee? A superannuation guarantee (SG) is a…
Not quite ready to take the plunge into full retirement, but ready to make a start? Transitioning into the retirement phase of your life means undergoing the process of slowly relying less on work-related earnings and more on superannuation and investments to cover your lifestyle expenses. The time taken to transition into retirement is up…
Retirement might seem like a far-off prospect for some people, but working out how to maximise your nest egg can start at any time. The sooner you start, the better the potential. Here are just some of the ways in which you can maximise your or your partner’s superannuation potential. Split Your Concessional Contributions With…
One of the most common questions from those entering or nearing retirement is, ‘How much money can I have before it affects my pension?’ Our answer is usually derived from the total value of your savings, other assets and any income that might be earned from other sources. However, from 1 July 2023, the thresholds…
It is essential to pay attention to the details of your super fund to make sure that you get the best out of it for your retirement. Whether you are choosing your super for the first time or thinking about changing your super because you’re unhappy with it, the following are factors to take into…
A Self-Managed Super Fund (SMSF) is a unique and increasingly popular retirement savings vehicle in Australia. SMSFs offer individuals and families greater control, flexibility, and investment choices than traditional superannuation funds. In this article, we’ll explore what SMSFs are, how they work, their benefits, and some considerations for those interested in establishing and managing one.…
Retirement planning is a crucial aspect of financial well-being, and for Australians, it holds particular significance due to the country’s aging population and changing retirement landscape. To ensure a comfortable and financially secure retirement, Australians should consider various factors and strategies when crafting their retirement plans. Superannuation Australia’s mandatory superannuation system is a cornerstone of…
When estate planning, most people focus on what will happen to their family and their assets after they pass, often neglecting to consider what would happen if they were to become ill or incapacitated. Falling ill can be a very stressful and traumatic time for you and your family, especially if you are the primary…
Estate planning is more than just having a will. It is about ensuring that a person’s estate is passed on to their beneficiaries in the most tax-effective and financially efficient way possible when they are gone. Getting early advice on setting up an estate plan can help you to achieve peace of mind in knowing…