A smarter way to respond to super volatility
When markets get bumpy or household budgets feel tighter, it’s common for people to start questioning their super. If your balance has dipped or returns haven’t met expectations, you might wonder whether continuing to contribute is worth it — or whether super is really doing its job.
Should you downsize to boost your super? Pros, cons, and tax implications
The idea of downsizing can be very appealing to empty-nesters. There will be less cleaning, gardening and maintenance, more time for hobbies and travel, and the icing on the cake comes if you can use the cash surplus you created to give your super a significant tax-effective boost.
But is the picture totally rosy, or are there some drawbacks to downsizing?
5 step super health check
Ensuring the health of your superannuation is paramount for securing your financial future. Just like an annual physical examination, conducting a regular “Super Health Check” can help you optimise your retirement savings and protect your financial well-being.
By following these five simple steps, you can take control of your superannuation and ensure it aligns with your goals and circumstances.
What happens to my superannuation if…?
The introduction of compulsory superannuation in 1992, embedded the concept of retirement saving into our investment psyche.
While Australia’s superannuation scheme has its complexities, the idea is simple: regularly contribute a percentage of earnings to a complying superannuation fund to provide financial support upon retirement.
The fast way to a life supported by passive income
Imagine that, without any effort on your part, enough money regularly pours into your bank account to meet (or exceed) all your living expenses. Suddenly, work becomes optional and a world of opportunities opens up. That’s the ultimate in passive income – all your financial needs met without lifting a finger.
Super in your 50s. It’s time to push the pedal down!
If 50 really is the new 40, then life has just begun. The kids are gaining independence or may have left home, and the mortgage could be a thing of the past. Bliss. But galloping towards you is… retirement!
Supercharge your Super before the clock strikes EOFY!
EOFY can have a tendency of creeping up on you… The calendar ticks over to 1 June, suddenly, your inbox is bombarded with EOFY sales, and you’re left thinking ‘Where has this year gone, it feels like Christmas was only yesterday!’.
Then you remember the superannuation tasks you’ve been putting off. If this sounds familiar, then keep reading for our top ten tips to making the most of your superannuation before EOFY.
How to take advantage of the 1 July super cap increase
From 1 July 2024, the amount you can contribute to super will increase. Let’s take a look at how you can take advantage of the change.
How to Turbo boost your Retirement Savings
In this article we take a look at the issues that impact on super balances and detail how salary sacrificing works. We go on to look at a case study to explain the tax and contribution benefits.
If I was 25 again I would… Pay more attention to my Super
I would take mental ownership of it rather than thinking it’s just something for old people to worry about.
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