Super end to 2020, Real cost of SMSFs, Investing under COVID, Your home and retirement planning, Reverse mortgages, Super rules for employers.
Highlights of the December 2020 edition of the SuperGuide newsletter include:
- SUPER FUNDS FINISH STRONGLY. After a wild ride of a year, super funds are poised to end 2020 ahead by a nose.
- WHAT DOES IT COST TO RUN AN SMSF? It may be less than you think, depending on your balance, according to a new study.
- THE SEARCH FOR AN INVESTMENT CURE FOR COVID. With the US election over, investors focus on stocks geared to recovery.
- HOME MAKEOVER. The Retirement Income Review casts the family home as a pillar of retirement planning.
- UNLOCKING HOME EQUITY. There’s renewed interest in reverse mortgages to top up retirement income.
- SUPER GUIDE FOR EMPLOYERS. Choice of fund, tax breaks, salary sacrifice, redundancy, retirement – we’ve got you covered.
HOW SUPER WORKS
Rise in costs for retirees, APRA releases latest super statistics, Returns not the main driver for SMSF trustees, Financing ageing in place for older Australians, Financial advice boosts wealth and… Read more.
Rise in costs for retirees, APRA releases latest super statistics, Returns not the main driver for SMSF trustees, Financing ageing in place for older Australians, Financial advice boosts wealth and… Read more.
Despite a despondent October performance, super funds are up a healthy 10.3% so far this year with only six weeks to go. Read more.
Despite a despondent October performance, super funds are up a healthy 10.3% so far this year with only six weeks to go. Read more.
After a major overhaul of its fund offerings and member services, Aware Super has been awarded the best overall fund by the two major ratings groups, SuperRatings and Chant West. Read more.
After a major overhaul of its fund offerings and member services, Aware Super has been awarded the best overall fund by the two major ratings groups, SuperRatings and Chant West. Read more.
Brush up on the super lexicon with our extensive glossary. 15% pension offset: A 15% tax offset available against assessable pension income if you use super money to purchase a… Read more.
Brush up on the super lexicon with our extensive glossary. 15% pension offset: A 15% tax offset available against assessable pension income if you use super money to purchase a… Read more.
SMSFs
Research shows SMSFs are cost-competitive at balances of $200,000, prompting ASIC to remove its previous guidance that a minimum balance of $500,000 is desirable. Read more.
Research shows SMSFs are cost-competitive at balances of $200,000, prompting ASIC to remove its previous guidance that a minimum balance of $500,000 is desirable. Read more.
It’s a debate that never entirely goes away, but there’s a growing body of research that indicates you may not need as much to start your own super fund as previously thought. Read more.
It’s a debate that never entirely goes away, but there’s a growing body of research that indicates you may not need as much to start your own super fund as previously thought. Read more.
RETIREMENT PLANNING
The family home is much more than a roof over your head in retirement. It’s also a potential source of income and aged care funding. Read more.
The family home is much more than a roof over your head in retirement. It’s also a potential source of income and aged care funding. Read more.
If you’re finding it difficult to make ends meet in retirement, one solution to free up some extra cash could be to take out a reverse mortgage. Read more.
If you’re finding it difficult to make ends meet in retirement, one solution to free up some extra cash could be to take out a reverse mortgage. Read more.
No need to be bored or overwhelmed now that you have finished work. Make the most of your retirement with expert tips from Dr Jon Glass. Read more.
No need to be bored or overwhelmed now that you have finished work. Make the most of your retirement with expert tips from Dr Jon Glass. Read more.
IN CASE YOU MISSED IT
See also our coverage of the Retirement Income Review.
SUPER GUIDE FOR EMPLOYERS (PART 2)
Getting the details right when it comes to paying employees’ super can be tricky, so use our 7-point checklist to ensure you meet your super obligations. Read more.
Getting the details right when it comes to paying employees’ super can be tricky, so use our 7-point checklist to ensure you meet your super obligations. Read more.
Working out termination and super payments for a departing employee can be confusing, but be careful not to provide them with financial advice. Read more.
Working out termination and super payments for a departing employee can be confusing, but be careful not to provide them with financial advice. Read more.
A salary sacrifice arrangement with your employee needs to meet certain rules if you want to avoid problems with the ATO later on. Read more.
A salary sacrifice arrangement with your employee needs to meet certain rules if you want to avoid problems with the ATO later on. Read more.
Tax deductions are a valuable sweetener for employers when making super contributions for their staff, but which payments can you claim? Read more.
Tax deductions are a valuable sweetener for employers when making super contributions for their staff, but which payments can you claim? Read more.
As if employers don’t have enough to do, they also need to notify the ATO of any reportable employer super contributions they make for their employees. Read more.
As if employers don’t have enough to do, they also need to notify the ATO of any reportable employer super contributions they make for their employees. Read more.
When you make SG contributions, some of your employees won’t have a super fund, so it will be up to you choose a default super fund for them. Read more.
When you make SG contributions, some of your employees won’t have a super fund, so it will be up to you choose a default super fund for them. Read more.
Most employees now have the right to choose their own super fund, but employers still aren’t off the hook when it comes to offering choice of super fund. Read more
Most employees now have the right to choose their own super fund, but employers still aren’t off the hook when it comes to offering choice of super fund. Read more
When selecting a default super fund for your employees it’s essential it offers a MySuper product. Otherwise, you could find yourself in trouble with the ATO. Read more
When selecting a default super fund for your employees it’s essential it offers a MySuper product. Otherwise, you could find yourself in trouble with the ATO. Read more
Take this 10-question quiz to test your knowledge on the superannuation responsibilities for employers. Read more
Take this 10-question quiz to test your knowledge on the superannuation responsibilities for employers. Read more
