Superannuation and a new car are very similar! Superannuation can be one of the most baffling topics when it comes to managing our finances so let’s relate looking for the right fund to something that might be more enjoyable – buying a new car. What do you look for? SIZE AND SPEED The engine of […]
The ‘what’, ‘why’, and ‘how’ of contributing to super
Despite frequent changes to its governing rules, superannuation remains, for most people, a tax-effective environment in which to save for retirement. Here’s a quick Q&A on the what, why and how of contributing to superannuation from this point on. WHY SHOULD I CONTRIBUTE TO SUPER? Some super contributions and the investment earnings within super […]
Taking control of your superannuation
Taking control of your super A popular choice for managing superannuation is to take personal control via a self-managed superannuation fund (SMSF). Although membership is limited to a maximum of four people per fund, the Australian Tax Office (ATO) reports there are over half a million SMSFs, representing more than a million members. It estimates […]
Aged care costs in perspective
Putting aged care costs into perspective – a story A growing number of Australians are encountering the challenges of assisting elderly relatives with the move into aged care. One of them was a new client of ours, let’s call him Rob. Recently, he had to help his formerly active 78-year-old mother, Mary, with the painful […]
Get your super together and save!
If you have had different jobs with different employers over your working career you will probably have superannuation accounts in many different funds. Apart from the time it takes to keep track of these accounts, there are three more serious concerns of which you should be aware. INVESTMENT STRATEGY Choosing the right investments for […]
Consolidating your Super: Things to think about
Why consolidate? Many people have accumulated multiple super accounts from changing jobs and have lost track of how many they actually have. It is important to consolidate your super into one account, but why? Having one super account means you will save money by only paying fees for one account, there will be less paperwork […]
