Your Super – who to nominate as your beneficiary?

Nominating your super beneficiary is something you have most likely been asked to do if you have asuperannuation fund.But, super fund trustees can only pay your super death benefit to eligible dependants1 or to your legal personal representative (LPR) who is generally the executor of your Will. If you haven’t elected a valid beneficiary the…

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Super Contribution Changes

1 July 2022 and superannuation contribution changes Several key super changes which may impact your ability to contribute to your SMSF, are set to take effect from 1 July 2022. These changes create opportunities for all SMSF members, young and old, to grow their retirement savings. What are the changes? Originally announced in the 2021…

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Opportunities await – Super changes from 1 July 2022

Changes to super contribution rules from 1 July may create a great opportunity to revisit yoursavings and super contribution strategies. The changes may create new or enhanced optionsto build your savings. Outlined below is a brief explanation of some of the key changes andhow you could benefit. Super changes aheadNow is a great time to…

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Downsizer Contributions to Super

Since July 2018 thousands of people have taken advantage of the Government’s downsizer contribution scheme by selling their home and making contributions to their super. This has allowed older Australians to have more money to fund their retirement.Although this is good news for people who have benefited from this scheme, some people may have missed…

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Is Super worth the hype?

As Financial Advisers we talk about superannuation a lot. So much so that it probably becomes a fuzzy word people don’t even hear any more. And the younger you are, the less interested you probably are. But superannuation is super important. It is likely to be the biggest investment you will have in your lifetime,…

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11 tax facts about superannuation

Compared to other investment structures, super is widely considered to be one of the most tax-effective investment structures available from a wealth accumulation and cash flow generation perspective. Although not a comprehensive list, below are 11 of the top tax facts about super. Please note: Each tax fact isn’t covered in detail (only a brief snapshot…

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How will the Federal Budget affect you?

During this year’s Federal Budget announcement Treasurer Josh Frydenberg stated“Australia is back!”. The Budget proposes positive changes to superannuation, an extensionof the low and middle income tax offsets and a boost to aged care services. SummaryWe’ve summarised some of the key points from the Budget below but, remember, these are subject tothe passing of legislation:•…

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Do you have more than one super account?

Did you know there is over 10[1] million Australians with a superannuation account, approximately 36% of which hold more super accounts, which make up $20.8[2] billion in ‘lost super’. Is some of that yours? Find it Moved house? Changed jobs? Don’t know where your teenage self stashed your super? It’s easy to track it down.…

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Thinking of accessing your super early?

Here are some of the pros and cons To lessen the financial impacts of the Coronavirus situation, the Government is allowing people who are eligible to access up to $20,000 (in two lump sums) of their super for a limited time. Super is designed to provide for you in retirement, but this limited access legislation…

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