Super funds of the year, Cheapest super insurance, Manage your own SMSF, Spending in retirement, Work Bonus, My Aged Care
Highlights of the latest SuperGuide newsletter include:
- SUPER FUNDS OF THE YEAR: In the last few weeks, SuperRatings and SelectingSuper have both announced the winners of their Fund of the Year Awards. Did your super fund, pension fund or insurer take a gong?
- SUPER INNOVATION: Barbara Drury discovers some of the leading super fund innovations over the past year, while Janine Mace highlights ways that the ATO’s MyGov is adding innovative features to help you master your super.
- MANAGING YOUR OWN SMSF: What does it take to be your own accountant for your SMSF? And how should you record minutes of decisions made? We also look at ASIC’s recent report to investigate what the average annual costs for SMSFs are, and how much time they take to manage.
- INSURANCE: Which funds have the lowest fees for combined life and TPD insurance and for income protection insurance? We also cover the insurance rules for SMSFs, while Daniel Herborn provides a special report on the long processing times for group insurance claimants.
- RETIREMENT PLANNING: The Institute of Actuaries have devised a new rule of thumb for spending in retirement. And how reliable are retirement forecasts anyway?
- AGED CARE: The Royal Commission provided its interim report with recommendations on three areas of immediate action; the government may be announcing more home care packages before Christmas; and Bina Brown gives a valuable introduction to My Aged Care.
SUPERANNUATION
US investment giant sets its sight on Australian super, AFCA’s comparative reporting tool launches, ASIC flags potential downsides of SMSFs, Australian financial institutions at risk of cyberattack and SMSF couples… Read more.
US investment giant sets its sight on Australian super, AFCA’s comparative reporting tool launches, ASIC flags potential downsides of SMSFs, Australian financial institutions at risk of cyberattack and SMSF couples… 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.
Keeping track of your super can be time-consuming and difficult, but linking the ATO’s online services to your myGov account makes it easier – and secure. Read more.
Keeping track of your super can be time-consuming and difficult, but linking the ATO’s online services to your myGov account makes it easier – and secure. Read more.
When things go wrong with your super fund or its insurer, it’s good to know there are steps you can take to help get things put right. Read more.
When things go wrong with your super fund or its insurer, it’s good to know there are steps you can take to help get things put right. Read more.
Minimising fees is an important step in maximising the returns you earn from your super, so it pays to know what to look out for. Read more.
Minimising fees is an important step in maximising the returns you earn from your super, so it pays to know what to look out for. Read more.
After a Trump bump on global sharemarkets in November, super funds are closing in on double digit returns in 2024. Read more.
After a Trump bump on global sharemarkets in November, super funds are closing in on double digit returns in 2024. Read more.
SMSFs
One way to lower your costs as an SMSF trustee, if you have a head for numbers and infinite patience, is to lodge your SMSF accounts yourself. Read more.
One way to lower your costs as an SMSF trustee, if you have a head for numbers and infinite patience, is to lodge your SMSF accounts yourself. Read more.
Recording minutes of your SMSF decisions and resolutions is not only a good habit to get into, it’s a legal requirement. Here’s how it’s done. Read more.
Recording minutes of your SMSF decisions and resolutions is not only a good habit to get into, it’s a legal requirement. Here’s how it’s done. Read more.
There are two ways you can use the sale proceeds from a business to boost your super, and the CGT retirement exemption is one of them. Read more.
There are two ways you can use the sale proceeds from a business to boost your super, and the CGT retirement exemption is one of them. Read more.
INSURANCE
As the cost of living rises, life and TPD insurance premiums inside super have bucked the trend with little or no movement in 2023. Read more.
As the cost of living rises, life and TPD insurance premiums inside super have bucked the trend with little or no movement in 2023. Read more.
Income protection premiums continued to increase at a significantly higher rate than death and TPD premiums in 2023, but the cost of cover varies widely. Read more.
Income protection premiums continued to increase at a significantly higher rate than death and TPD premiums in 2023, but the cost of cover varies widely. Read more.
Even if you have life insurance outside super or in a pre-existing fund, SMSF trustees are still required to consider their insurance strategy. Read more.
Even if you have life insurance outside super or in a pre-existing fund, SMSF trustees are still required to consider their insurance strategy. Read more.
RETIREMENT PLANNING
Retirees often live more frugally than necessary due to fears their money will run out, but this simple rule of thumb could help many retirees spend and enjoy life more. Read more.
Retirees often live more frugally than necessary due to fears their money will run out, but this simple rule of thumb could help many retirees spend and enjoy life more. Read more.
Fund estimates and online calculators can provide value insights for planning your retirement, but you need to understand the assumptions used to create them. Read more.
Fund estimates and online calculators can provide value insights for planning your retirement, but you need to understand the assumptions used to create them. Read more.
Recent changes mean Age Pensioners can work and earn additional income to ease cost of living pressures without impacting their pension. Read more.
Recent changes mean Age Pensioners can work and earn additional income to ease cost of living pressures without impacting their pension. Read more.
The transfer balance cap limits the amount you can transfer from your super savings into a tax-free pension. The cap is currently $1.9m but you may have a different cap… Read more.
The transfer balance cap limits the amount you can transfer from your super savings into a tax-free pension. The cap is currently $1.9m but you may have a different cap… 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.
Along with planning and saving for retirement, it pays to prepare your relationship for the changes ahead. Read more.
Along with planning and saving for retirement, it pays to prepare your relationship for the changes ahead. Read more.
AGED CARE
If you or a loved one are beginning your search for aged care services in or out of the home, then the government’s My Aged Care service should be your… Read more.
If you or a loved one are beginning your search for aged care services in or out of the home, then the government’s My Aged Care service should be your… Read more.
