A million in the super fund won’t be enough for retirement A 30-year-old worker on an average salary of $60,000 a year would have an estimated $1.1 million in superannuation at age 65 in 2048. However, according to Russell Mason, $1.1 million would sustain a comfortable retirement only until age 77. For a comfortable retirement, […]
Government Releases Cooper Review into Superannuation
What can a SMSF Invest in?
What can a SMSF Invest in? Investing through your SMSF is a tax-effective way to create wealth. Income from your SMSF (including capital gains) is taxed at concessional rates, so you should end up saving more money for your retirement. But before you start anything; before you decide whether or not investing in property through […]
A million in super won’t be enough for retirement
A million in super won’t be enough for retirement A 30-year-old worker on an average salary of $60,000 a year would have an estimated $1.1 million in superannuation at age 65 in 2048. However, according to Russell Mason, $1.1 million would sustain a comfortable retirement only until age 77. For a comfortable retirement, today’s 30-year-old […]
Changes to the super guarantee rate
To help increase Australian workers’ savings for retirement, the compulsory super guarantee rate will gradually increase from 9% to 12%. When you make super payments on behalf of your employees based on the minimum 9.25% super guarantee rate, you will are required to increase this rate to 9.50% on 1 July 2014. The […]
Superannuation?
Superannuation? Superannuation is an amount that your employer contributes to a superannuation fund based on the wages paid by your employer. Superannuation is a scheme designed for retirement. It is a way of forced savings for a retirement to safe the age care pension payable by the government. Interested in joining our team? Why not […]
