For many people, the government’s COVID-19 (coronavirus) early release of super scheme has been a lifesaver, with the money accessed from retirement savings helping provide additional support at a time of economic uncertainty. In total, 1.81 million Australians have withdrawn $13.5 billion from super funds, at an average amount...
With the coronavirus pandemic rapidly worsening every day, no doubt you may be wondering how you can protect yourself financially, especially if the coronavirus impacts your ability to work. The good news is that insurance will cover you in many cases, but not all. It’s best to do your...
Making an extra voluntary contribution now might improve your lifestyle once you retire. The start of the year is as good a time as any to make plans. How about a gift to your future self by maximising your retirement contributions? It’s not as far-fetched or self-absorbed as it...
Happy New Year… or is it? Once the smoke of the Harbour Bridge fireworks has blown away, many of us are left feeling a little dusty, and not only from too much food and drink. For at the end of January, along with the tennis, comes credit-card bill shock...
When was the last time you had an employer contribute to your super for you? If you can’t remember, how about the last time you contributed to your super yourself? If you’ve been outside the workforce for maternity leave or other unpaid work such as looking after a partner...
Under the new Protecting Your Superannuation initiative, unnecessary fees being charged to Australian super funds will be significantly reduced from 1st of July. This sounds like a good thing, right? What you might not realise is that the legislation also dictates that all super funds with balances of less...
Now you can put more into super at the concessional rate of tax, starting from the 2019-20 financial year. Putting more money into the tax-friendly framework of superannuation to help you enjoy a fulfilling retirement… it’s one of those things that seems like a no brainer, especially with the...
