Super & Retirement

Industry super members better off: study

Industry super fund members may save over $80,000 more than those in retail funds for retirement because of the lower fees and sales commissions, according to a new study. The modelling by SuperRatings based on existing fee levels and projections over 40 years suggests that members of industry super funds could be 20 per cent…

Running your own super fund isn’t as easy as it looks

Running your own super fund appears an attractive proposition, but it requires diligence to generate the year-on-year returns required for a comfortable retirement. The long investment road to retirement success is full of potholes that can easily bring investors unstuck and keep them working for longer. Simply, untimely investment decisions can mean some self-managed-super fund…

The Budget and your financial plan

The new Labor government’s first budget was squarely aimed at helping working families, while also delivering a hefty surplus of over $20 billion. Viewed by many financial pundits as fairly conservative, and on the whole fiscally responsible, Treasurer Wayne Swan’s plans contained very few proposals likely to shake up the current financial planning strategies of…

Is your super fund ripping you off?

We all know that we should be saving more for our retirement, but how much does it actually cost to invest in super, and when are we paying too much? In recent years, industry super funds have used the subject of fees and charges at the centre of their marketing campaigns to the Australian public….

Keeping super and pension balances safe during market turmoil

The current volatility of the Australian sharemarket has many individuals saving for retirement feeling, quite justifiably, just that little bit anxious about their superannuation savings. For those who are about to cash in their investment pot in exchange for a pension income, are there any steps they can take to protect their pension value? Craig…

Why you should know about the transition to retirement strategy

Many Australians are now making the most of the government’s simple super regime and establishing a transition to retirement strategy (TTR). This allows you to continue working, either part or full-time, while sacrificing some or all of your employment income into super. In order to make up for the pay going into super, you can…

Take note – what you need to do before you retire

The image of a retiree lounging on their recliner in front of the telly, with comfy slippers and a cup of tea at hand, is well and truly a thing of the past. With most of us living longer and feeling healthier, a whole range of lifestyle options abound for those in retirement. So as…

Your retirement: how much income do you need?

Australians might now be more aware of the real need to crank up their superannuation savings, but working out exactly how much is needed to fund a retirement that is free of monetary worries is still difficult. There are so many variables at play – with the most important being that it is very hard…

Disastrous retirement strategies

We all know that there is no such thing as a low risk, high growth investment product, which provides a guaranteed return. And we also know that in order to maintain a good lifestyle in retirement, our super savings need to be fairly substantial. But many Australians continue to play Russian roulette with their retirement…

Why you should split super with your spouse

Until recently, the ability to split superannuation pots was a popular strategy for couples looking to reduce the amount of tax payable on their end benefits. But from 1 July 2007, the government’s Better Super changes mean that for the majority of people aged 60 or over, super paid as a lump sum or income…