Your June 30 to-do list, Check your fund’s ranking, Super’s ‘’magic window”, How much super is enough, Super pension trends, Age discrimination and super.
Highlights of the May 2022 edition of the SuperGuide Premium newsletter include:
- EOFY SUPER HOUSEKEEPING TIPS: As June 30 nears, it’s time to dust off your paperwork and make last minute contributions.
- CHAMP OR CHUMP? Check our latest performance rankings to see if your super fund is up there with the best.
- SUPER BOOST FOR RETIREES: Meg Heffron explains how contribution changes open a magic 10-year window for retirees.
- WHEN ENOUGH IS ENOUGH: It’s the perennial question – how much super do I need to retire? We help you find the answer.
- SPOTLIGHT ON SUPER PENSIONS: It’s gone largely unnoticed, but many funds now offer more flexible, efficient pensions and rewards for loyalty.
- WISDOM OF THE AGES: We look at the impact of workforce age discrimination on your super and how to fight back.
HOW SUPER WORKS
Super housekeeping tips for EOFY
The end of the financial year is a good time to get your super house in order. Check our tips to make the most of your opportunities.
2022 Federal Election: Coalition and Labor super and retirement policy announcements
The Coalition has announced a major new scheme for superannuation and home ownership, while Labor is expected to review the benchmarking tests of the Your Future Your Super legislation.
Super news for May 2022
ASIC disqualifies SMSF auditors as 40,000 breaches involving SMSFs reported, APRA issues directions to NESS around additional board member, NGS Super sets 2025 carbon reduction goal, AustralianSuper to boost investment in private equity, Cbus to reduce weekly admin fee, ATO owed billions in unpaid Superannuation Guarantee Charge from employers, Actuaries Institute paper offers guidance for retirement income covenant
Managing capital gains in your SMSF portfolio
Capital gains are an investment goal, but they leave you with a tax liability, so it’s worth checking some of the strategies for cutting your CGT bill.
A super guide to the bring-forward rule
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.
SUPER FUNDS
Super and pension fund performance: Where does your fund rank?
Now updated to 30 September 2024. Have you ever looked at your super fund’s investment returns and wondered how your fund compares with similar funds? Is it a consistently high performer or an inveterate underachiever?
Super fund rankings
Super fund performance: Monthly returns to March 2025
President Trump’s tariff chaos continued to wreak havoc on global share markets in March, putting a dent in super fund returns although they remain positive for the financial year to date.
SMSFs
EOFY: Getting your SMSF in order
If you want to take advantage of some of the changes to super this financial year, and get your SMSF shipshape for June 30, then get cracking.
Can you be your own SMSF accountant?
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.
SMSF pensions: Planning your pension properly
Tim Miller from SuperGuardian discusses the most important considerations when planning a pension, potential traps to look out for, and what often can be overlooked.
SuperGuide Premium Q&A webinar: 30 May 2022
This July brings more changes to the super rules.
In this exclusive webinar super expert Garth McNally answers the most common questions from SuperGuide Premium members about these changes.
Register today and submit your own question.
RETIREMENT PLANNING
How much super do I need to retire?
The good news is you probably don’t need anywhere near the $1 million often touted to retire in the style to which you have become accustomed. Here’s how to set your savings target.
See also the following updated articles and reckoners about how much super you need to retire on a particular income:
- How much super do I need to retire on $40,000 a year?
- How much super do I need to retire on $50,000 a year?
- How much super do I need to retire on $60,000 a year?
- How much super do I need to retire on $80,000 a year?
- How much super do I need to retire on $100,000 a year?
- Income from super Reckoner
See also the following updated articles and reckoners about how much income in retirement a particular super can generate:
- Is $500,000 in super enough to retire on?
- Is $750,000 in super enough to retire on?
- Is $1 million in super enough to retire on?
- Is $1.7 million in super enough to retire on?
- Is $2.5 million in super enough to retire on?
- Is $3.4 million in super enough for a couple to retire on?
- Super to income Reckoner
Modern retirement modelling: Increasing confidence in retirement planning
Asking how much money you need to retire is like putting the cart before the horse. In reality it’s a trade-off, between the lifestyle you want, how early you want to retire and how confident you want to be that your money won’t run out.
IN RETIREMENT
Super pensions: Trends in payment frequency, flexibility, fees and more
Despite calls for more innovative pension products, most super funds are tinkering around the edges of their retirement offerings.
Workforce age discrimination and what it means for your super
When it comes to paid employment, age discrimination can seriously affect your retirement plans, so what if you find yourself facing an unplanned retirement?
New contribution strategies for retirees
Since new rules came into force last July, people aged 67 to 75 have more opportunities to boost their super even if they are no longer working.
Planning for cognitive decline
Dr Jane Lonie from Autonomy First discusses some of the key aspects of cognitive impairment that retirees should be aware of, and why it is prudent to have a plan for cognitive decline.
How do I arrange a Home Care Package?
Government-supported packages to allow elderly Australians to remain living at home are in high demand, but what you get is not always what you want.
