Contribution strategies, Super fund performance, Top funds, Year in review, Retirement Income Covenant, Planning for retirement
Highlights of the July 2022 edition of the SuperGuide newsletter include:
- HOW TO BOOST YOUR SUPER: If your super is looking a bit anaemic, these strategies could help it recover.
- SHORT TERM-PAIN, LONG-TERM GAIN: The 2022 financial year was tough for super funds, but the long-term picture is brighter.
- TOP 10 FUNDS: Despite the turmoil on global markets, some funds kept their head above water.
- YEAR IN REVIEW / PREVIEW: Volatile markets challenged investors in 2021-22, and it’s not over yet.
- THE RETIREMENT INCOME COVENANT AND YOU: From 1 July funds must display their retirement income strategy, but you may have to search for it.
- YOUR RETIREMENT QUESTIONS ANSWERED: If you’re approaching 55, 60 or 65 and planning to retire, this is what you need to consider.
IN CASE YOU MISSED IT
Read the Super Guide for the 2022-23 financial year including the superannuation rule changes from 1 July 2022.
SUPER FUNDS
Super funds surmounted a wall of worries in 2023 to post a return of almost 10%, thanks to buoyant global share markets. Read more.
Super funds surmounted a wall of worries in 2023 to post a return of almost 10%, thanks to buoyant global share markets. Read more.
They say a picture is worth a thousand words, so we’ve created a visual representation of super’s value in the long run. Read more.
They say a picture is worth a thousand words, so we’ve created a visual representation of super’s value in the long run. 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.
Lifecycle funds are designed to reduce risk as you near retirement without sacrificing returns; recent research shows many do just that but you need to know what to look for. Read more.
Lifecycle funds are designed to reduce risk as you near retirement without sacrificing returns; recent research shows many do just that but you need to know what to look for. Read more.
The difference between holding your super savings in a leading fund compared to a lemon can make a big difference to your retirement outcome, so it pays to keep an eye on which funds perform well consistently over the long term as well as the past year. Read more.
The difference between holding your super savings in a leading fund compared to a lemon can make a big difference to your retirement outcome, so it pays to keep an eye on which funds perform well consistently over the long term as well as the past year. Read more.
While super funds with the highest annual returns capture headlines, some funds and their members place a premium on balancing rewards with a focus on consistency. Read more.
While super funds with the highest annual returns capture headlines, some funds and their members place a premium on balancing rewards with a focus on consistency. Read more.
HOW SUPER WORKS
Retirement Income Covenant goes live, Super fund average performance drops, Deeming rates frozen, YFYS performance test to be reviewed, SMSF numbers continue to increase. Read more.
Retirement Income Covenant goes live, Super fund average performance drops, Deeming rates frozen, YFYS performance test to be reviewed, SMSF numbers continue to increase. Read more.
Your first job can be exciting, but it’s important to remember your weekly pay could come with super contributions, so here’s the rules applying in your teens. Read more.
Your first job can be exciting, but it’s important to remember your weekly pay could come with super contributions, so here’s the rules applying in your teens. Read more.
When you reach your 50s, it’s time to get serious about your super, so here’s the key super rules for your age group. Read more.
When you reach your 50s, it’s time to get serious about your super, so here’s the key super rules for your age group. Read more.
When you reach your 60s, the rules around making contributions and withdrawals from super start to change, so it’s important to know what’s what. Read more.
When you reach your 60s, the rules around making contributions and withdrawals from super start to change, so it’s important to know what’s what. Read more.
If you’re still adding to your retirement savings in your 70s, it’s important to know the super rules, as making contributions becomes tougher after age 75. Read more.
If you’re still adding to your retirement savings in your 70s, it’s important to know the super rules, as making contributions becomes tougher after age 75. Read more.
In this 45 minute webinar we will cover:
SuperGuide webinar: Downsizer contributions
Thursday 28 July 2022 at 11.00am (AEST)
In this exclusive webinar super expert Garth McNally will detail what you need to know to get the best outcomes with Downsizer contributions, including how the eligibility rules work, and timing, Centrelink and strategy considerations.
SUPER CONTRIBUTIONS STRATEGIES
Eligible downsizer contributions can be a great way to boost your super without falling foul of many of the rules affecting other super contributions. Read more.
Eligible downsizer contributions can be a great way to boost your super without falling foul of many of the rules affecting other super contributions. Read more.
Let low taxes and a generous interest rate do the heavy lifting while you save for your first home in super. To encourage take-up of the scheme, changes have been… Read more.
Let low taxes and a generous interest rate do the heavy lifting while you save for your first home in super. To encourage take-up of the scheme, changes have been… Read more.
Couples who plan together succeed together. Learn how paying attention to your spouse’s super could maximise your opportunities. Read more.
Couples who plan together succeed together. Learn how paying attention to your spouse’s super could maximise your opportunities. Read more.
Salary sacrifice can be a convenient and simple way to boost your super and reduce your tax bill at the same time. Learn how to get it right and the… Read more.
Salary sacrifice can be a convenient and simple way to boost your super and reduce your tax bill at the same time. Learn how to get it right and the… Read more.
Using the bring-forward rule is a great way to put a larger contribution into your super account in a single year. Here’s what you need to know about the rules. Read more.
Using the bring-forward rule is a great way to put a larger contribution into your super account in a single year. Here’s what you need to know about the rules. Read more.
Even though the work test has been abolished for most super contributions, if you are over age 67 there is still one type of contribution that needs to pass the… Read more.
Even though the work test has been abolished for most super contributions, if you are over age 67 there is still one type of contribution that needs to pass the… Read more.
Take the following 10-question quiz to test your knowledge on boosting your super with superannuation contributions. Read more.
Take the following 10-question quiz to test your knowledge on boosting your super with superannuation contributions. Read more.
SMSFs
Investors climbed a wall of worries in the closing months of the financial year, from rising inflation and interest rates to fears of recession. Read more.
Investors climbed a wall of worries in the closing months of the financial year, from rising inflation and interest rates to fears of recession. Read more.
If you run your own SMSF, have you ever wondered where other SMSFs or mainstream funds invest their money? This is how. Read more.
If you run your own SMSF, have you ever wondered where other SMSFs or mainstream funds invest their money? This is how. Read more.
The new retirement income covenant effective from 1 July doesn’t apply to SMSFs, but that doesn’t mean trustees can’t learn from it. Read more.
The new retirement income covenant effective from 1 July doesn’t apply to SMSFs, but that doesn’t mean trustees can’t learn from it. Read more.
RETIREMENT PLANNING
From 1 July, super funds are required to provide a retirement income strategy to members, but you may need to search for it. Read more.
From 1 July, super funds are required to provide a retirement income strategy to members, but you may need to search for it. Read more.
If you want to retire early you will need sources of income other than super now that the super preservation age has increased to age 60. Read more.
If you want to retire early you will need sources of income other than super now that the super preservation age has increased to age 60. Read more.
Once you turn 60 it is easier to access your super provided certain conditions are met. Read more.
Once you turn 60 it is easier to access your super provided certain conditions are met. Read more.
While the Age Pension age has crept up to 67, the average age of retirement in Australia is closer to 65. Filling the income gap with super will require careful planning. Read more.
While the Age Pension age has crept up to 67, the average age of retirement in Australia is closer to 65. Filling the income gap with super will require careful planning. Read more.
The Home Equity Access Scheme can be a great way to boost your retirement income by taking a loan from the government against the equity in your home. Read more.
The Home Equity Access Scheme can be a great way to boost your retirement income by taking a loan from the government against the equity in your home. Read more.
