From 1 July 2025 the Federal Government plans to reduce the tax concessions on people with more than $3 million in their superannuation fund. An extra 15 per cent tax will be added to the annual “earnings” of the fund… on top of what they already pay. The controversy is not just the introduction of… Read more »
If you’re like most people at the moment, you’re probably sick of hearing about the cost of living crisis and endlessly rising interest rates. Here’s one actionable solution to help put more money back into your pocket. Retirement might not be top of mind for you right now, but the good news is you can get… Read more »
Superannuation is the third most important weapon you have in your ability to build wealth, behind your capacity to earn income and owning your family home. The issue is that because it gets compulsorily deducted from our wages each month, we often don’t give it the attention it deserves. It grows almost by stealth. But… Read more »
A raft of changes are coming into effect from 1 July – here’s what the new policies will mean to your hip pocket. The start of a new financial year brings an enormous number of changes… everything from superannuation and childcare to pay rises and paid parental leave. RateCity.com.au has compiled a list of major… Read more »
Well, politicians just can’t keep their hands off our superannuation, can they? They encourage us to invest for our retirement, so they don’t need to pay us the aged pension and then constantly change the rules. I sort of agree with the Federal Treasurer that the person with $544 million doesn’t need all of us… Read more »
Most superannuation funds lost money in 2022. That’s just not good enough. In my mind superannuation fund returns were frankly terrible in 2022. Every working Australian pays big fees to have their retirement savings compulsorily managed by superannuation funds, which pay big salaries to their chief executives and investment managers for doing the work. These… Read more »
Stockspot’s 10th annual Fat Cat Funds Report has found that the right superannuation fund could make you up to $245,000 richer in retirement. OnePath, Colonial First State, AMP, and ClearView were the worst-performing superannuation funds in Australia, according to a new study from investment platform Stockspot. While Qantas Super, UniSuper, HESTA, AustralianSuper, and IOOF topped… Read more »
Imagine putting up your fees then back-charging your customers for the previous financial year? Hard to believe, but that’s exactly what Australian Super just did. Tell me any organisation that at the end of the financial year is able to get away with going back to customers and telling them they are putting up their… Read more »
This week Australia’s national savings scheme, the superannuation guarantee system, celebrates 30 years since inception by then Treasurer Paul Keating. Superannuation was a genius idea that has underpinned the wealth of every Australian and the stability of our financial system and economy. Keating’s legacy has been enormous. He also deregulated the financial system, floated the… Read more »
From 1 July this year some positive superannuation changes are coming – creating more opportunities to grow your nest egg. This is good news for retirees and people planning for retirement. There are also potential benefits for lower income earners and those looking to purchase their first home. Here’s an overview of the main superannuation… Read more »
