Tax on super withdrawals, Switching funds, Latest heatmap, 2023 SMSF calendar, Reversionary pensions explained, Nominating beneficiaries, Aged care costs
Highlights of the December 2022 edition of the SuperGuide newsletter include:
- SUPER TAX FOR THE AGES: When it comes to the tax you pay on withdrawals from your super fund, 60 is the golden age.
- CHANGE FOR THE BETTER: If you are thinking of switching super funds, follow these five steps for a seamless transition.
- 6 FUNDS EXIT AFTER LATEST HEATMAP: As more MySuper funds feel the heat, the good news is fees are falling.
- PLANNING FOR SUCCESS: Download our 2023 SMSF calendar to get on the front foot for the year ahead.
- PENSION WITH A LIFE AFTER DEATH: Reversionary pensions are a no fuss solution to passing on your super pension when you die.
- DEATH BENEFIT NOMINATIONS COMPARED: To ensure the best outcome for your super beneficiaries, we weigh up the options.
- COST OF AGED CARE: Fees are on the rise, but support is available for those who need it.
HOW SUPER WORKS
If you’re eligible and thinking about tapping into your super before you turn 60, it’s worth checking the tax implications first. In some cases, you may be better holding off for a while. Read more.
If you’re eligible and thinking about tapping into your super before you turn 60, it’s worth checking the tax implications first. In some cases, you may be better holding off for a while. Read more.
Once you turn 60 and start withdrawing your super, the tax advantages of the super system come into play. Read more.
Once you turn 60 and start withdrawing your super, the tax advantages of the super system come into play. Read more.
Your pot of retirement savings in super may actually be divided into several smaller pots, some of which can be withdrawn sooner than others. Read more.
Your pot of retirement savings in super may actually be divided into several smaller pots, some of which can be withdrawn sooner than others. Read more.
Downsizer eligibility age lowered from 1 January, TWUSUPER and Mine Super enter merger talks, Bank-owned super funds required to disclose dividends, ASIC issues updated guidance on SMSFs, Retirement costs rise with inflation, Total superannuation assets fall, HNW investor numbers ease as assets grow, 57% pass rate for November financial adviser exam. Read more.
Downsizer eligibility age lowered from 1 January, TWUSUPER and Mine Super enter merger talks, Bank-owned super funds required to disclose dividends, ASIC issues updated guidance on SMSFs, Retirement costs rise with inflation, Total superannuation assets fall, HNW investor numbers ease as assets grow, 57% pass rate for November financial adviser exam. Read more.
SUPER FUNDS
If you are thinking of switching super funds for whatever reason, following these steps will ensure a seamless transfer. Read more.
If you are thinking of switching super funds for whatever reason, following these steps will ensure a seamless transfer. Read more.
Super funds bounced back in April despite ongoing volatility and are on course for another positive financial year. Read more.
Super funds bounced back in April despite ongoing volatility and are on course for another positive financial year. Read more.
Index investment options are widely regarded as simple and low cost, but they’re not all created equal so it’s important to understand what you are getting. Read more.
Index investment options are widely regarded as simple and low cost, but they’re not all created equal so it’s important to understand what you are getting. Read more.
SMSFs
Forewarned is forearmed, as they say, so why not download our 2026 SMSF calendar to ensure you don’t miss any crucial dates, deadlines or opportunities in the year ahead. Read more.
Forewarned is forearmed, as they say, so why not download our 2026 SMSF calendar to ensure you don’t miss any crucial dates, deadlines or opportunities in the year ahead. Read more.
As the name suggests, the savings you accumulate in super are meant to be for one purpose only. Straying from that purpose can be costly. Read more.
As the name suggests, the savings you accumulate in super are meant to be for one purpose only. Straying from that purpose can be costly. 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.
Cost may not be the main factor when deciding whether to start your own super fund, but you need to know what the costs might be in your time as… Read more.
Cost may not be the main factor when deciding whether to start your own super fund, but you need to know what the costs might be in your time as… Read more.
RETIREMENT PLANNING
If you want your partner to continue receiving your super pension when you die, a reversionary pension can make the process easy for them at what can be a difficult… Read more.
If you want your partner to continue receiving your super pension when you die, a reversionary pension can make the process easy for them at what can be a difficult… Read more.
Small business owners have an opportunity to use some of the sale proceeds from their business to boost their super without breaching contribution caps. Read more.
Small business owners have an opportunity to use some of the sale proceeds from their business to boost their super without breaching contribution caps. Read more.
From planning your retirement income to where you will live and how you will spend your time, there’s a lot to think about in the run-up to retirement. Read more.
From planning your retirement income to where you will live and how you will spend your time, there’s a lot to think about in the run-up to retirement. Read more.
While none of us knows exactly how long we will live, you can narrow the possibilities with these life expectancy projections based on Australian numbers. Read more.
While none of us knows exactly how long we will live, you can narrow the possibilities with these life expectancy projections based on Australian numbers. Read more.
IN RETIREMENT
It may seem like a simple matter to leave your super to your loved ones when you die, but choosing the wrong type of nomination can have costly unintended consequences. Read more.
It may seem like a simple matter to leave your super to your loved ones when you die, but choosing the wrong type of nomination can have costly unintended consequences. Read more.
Inheriting your spouse’s super in retirement needs careful planning to ensure you make the most of the tax-free pension phase without exceeding your limit. Read more.
Inheriting your spouse’s super in retirement needs careful planning to ensure you make the most of the tax-free pension phase without exceeding your limit. Read more.
When you retire there’s more than one way to withdraw income from your super; we explain your options. Read more.
When you retire there’s more than one way to withdraw income from your super; we explain your options. Read more.
In the name of fairness and sustainability, the way you pay for residential aged care, and the amount, has changed. Read more.
In the name of fairness and sustainability, the way you pay for residential aged care, and the amount, has changed. Read more.
Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.
