The answer to Australia’s housing affordability problem remains a controversial debate for policymakers while new building supply falls painfully short of demand. Grants and handouts? They just fuel higher property prices. Put an end to negative gearing? You risk losing investors and rental supply. Now, the federal opposition reckons early access to superannuation could be… Read more »
More than a third of working Australians are planning on delaying retirement due to the rising cost of living. The intergenerational war has never been more heated as the Baby Boomer generation are accused of everything from inflating house prices, increasing inflation and living a privileged lifestyle they supposedly don’t deserve. And the accusers are… Read more »
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 »
