Super & Retirement

Global economic shakeout: the cracks in Australia’s superannuation nest egg

By Michael Rafferty, University of Sydney Think the share market volatility doesn’t affect you? Guess again. With almost 60% of Australian superannuation funds invested in shares, anyone paying compulsory super contributions has something to lose from the current ructions. University of Sydney superannuation expert Mike Rafferty explains why all of us, young and old, should…

Is Now The Time To Switch To A Lower Risk Super Option?

There’s a cooler breeze sweeping through Australia based on a new era of conservatism. People are saving more and spending less, taking on less debt and reducing risk across their investment portfolios. The hot-headed debt binge of the early 2000s is well and truly over. Super investors should be evaluating their portfolios in line with…

Stop paying for advice you don’t receive

It’s estimated that roughly $2 billion each year is taken out of investors’ accounts and handed over to financial advisers and product providers who offer no financial advice for the fees charged. It’s highway robbery, but until laws caught up with the scam, there was nothing that investors could do about it. Upfront and trailing…

DIY Super: Gain From Sharemarket Losses

Losing money on shares doesn’t have to be the end of the world – in fact, there are times when capital losses are actually more lucrative than capital gains. How is that? Take the instance of an in-specie transfer of shares into a super fund. This occurs when a person transfers their shares from their…

How much money do you need to comfortably retire?

We’re all getting used to spending more and receiving less as prices for food, utilities and housing keep jacking up. While this is bearable for those with rising incomes, it isn’t bearable for retirees who have a finite amount of money to live on. If you sit down with a financial planner to discuss your…

Filling Up Super At The Last Minute

The process of saving for retirement tends to follow a similar timeline for the majority of Australians. Most of us undertake very little saving for retirement in our 30s and 40s, and then desperately try to make up for lost time in our late 50s and early 60s. But due to proposed legislation changes, filling…

How to dump $450,000 into your super in one year

Let’s say you sell an investment property and you have a significant sum of money to invest somewhere – can you dump the lot into super? There is a whole host of rules surrounding how much money you can dump into your super fund and many come under the bring-forward rule, which you should be…

Top DIY Super Strategies for 2010

Australia’s $326 billion self-managed superannuation fund (SMSF) sector is moving strongly back into the sharemarket. According to super portfolio administration, reporting and compliance service provider Multiport, the typical SMSF has lifted its Australian shares weighting from 31.9 per cent at 31 December 2008 to 42.6 per cent at 31 December 2009. And the SMSFs still…

Australia slow on super recovery: OECD

Australian superannuation funds were among the worst performers in the world during 2008 because of their dependence on shares rather than other alternatives, such as bonds. They have also been one of the slowest to recover in 2009, the Organisation of Economic Co-operation and Development (OECD) says in a pension newsletter. Overall, pension systems in…

Investor confidence in super funds dives

Almost one in four superannuants are considering switching funds because of poor returns since the global financial crisis began last year, a survey finds. The survey, of 5,600 investors by independent researcher Investment Trends, also found that 54 per cent of respondents no longer trusted their fund managers and would rather invest their savings themselves….