Should you be sharing your super with the kids?

Should you be sharing your super with the kids? According to the latest research from REST Industry Super, working Australians aged over 50 are very much in the habit of making financial contributions to their kids. So far they’ve shelled out $31.6 billion for home deposits, $55.9 billion for education …

Keeping tabs on your super investments

Keeping tabs on your super investments It’s important to get your investment strategy right with super. Keeping tabs on your super investments. Reviewing your portfolio regularly and getting advice can make all the difference to your savings and income for retirement. We talked to CERTIFIED FINANCIAL PLANNER®professional Matt Torney from Muirfield …

Super Investment Options – What’s Right For You?

Super Investment Options – What’s Right For You? Choosing the right super investment options at the right time could make a difference to how much money you have when you retire. When it comes to your superannuation, the investment options you choose today and in future may impact how much …

Superannuation stumbling blocks

Superannuation stumbling blocks What’s stopping you from saving for a retirement you can really look forward to? Take a look at these four common barriers to saving more super and make a plan for having all your goals and financial priorities in order. 1. Enjoying life to the full Living …

New rules to benefit those downsizing for retirement

New rules to benefit those downsizing for retirement Downsizers can now make an after-tax contribution to their super of up to $300,000, using the proceeds from the sale of their main residence. Australians aged 65 and over who are downsizing for retirement can now contribute the proceeds from the sale …

Getting ahead with your superannuation when you’re self-employed

Getting ahead with your superannuation when you’re self-employed If you’re self-employed in Australia, there’s a good chance your retirement savings aren’t all they could be. In fact, research from the Association of Superannuation Funds of Australia (AFSA) found in the run up to retirement, the self-employed have around half the superannuation …

What happens to my super when I move overseas?

What happens to my super when I move overseas? If you’re a permanent resident, your super will remain subject to the same rules. If you’re a temporary resident, you may be able to claim a departing Australia superannuation payment. You might be leaving the country for a variety of reasons …

Superannuation and separation: Who keeps the money?

Superannuation and separation: Who keeps the money? Depending on the situation, you might get some of your ex-partner’s super, or they may get some of yours. A divorce from your husband or wife, or a separation from your de facto, could mean a division of your assets and debts, whether they’re …

Are you entitled to a tax deduction on personal super contributions?

Are you entitled to a tax deduction on personal super contributions? This financial year is the first time that employees can claim a tax deduction for their personal super contributions. Personal super contributions made during the 2017-18 financial year can now be claimed as a tax deduction by most Australian …