Choosing your investment options within superannuation How you manage your money within superannuation over the long term can make a big difference to your final balance. For some people, superannuation will be their largest pool of wealth so the decisions you make today should not be taken lightly. Most super funds have a number of
What does it mean to salary sacrifice? When you salary sacrifice into superannuation, you are making an agreement with your employer to direct a specified amount of your salary into your superannuation account as opposed to taking it through your salary. As this payment is made before tax it does not attract your marginal
When deciding about insurance the best place to start is by looking at your superannuation fund first. Once you know what level of insurance cover you have within your superannuation you can look at your options from there. Your superannuation fund can provide three types of insurance: Life insurance (death cover) which pays a lump
A concessional contributions cap is the amount you can pay (tax effectively) into your super in any given year. About concessional contributions caps Concessional contributions include the compulsory 9.5% super payments made by your employer, any additional super payments made by your employer (above 9.5%) and any additional payments you salary sacrifice from your salary.
We will often get enquiries from people asking if it would be a good idea to use their superannuation to invest in property. There certainly is a growing trend for people to set up SMSFs for the purpose of buying a property. If you are considering doing this, we would recommend that you equip
A Self Managed Super Fund (SMSF) is a way of saving for your retirement. They work in a similar way to all other superannuation funds, abiding by the same superannuation and income tax laws. The big difference with a SMSF is that as a member of the fund you are also a Trustee, which means
The events in Greece over the past few weeks have been building like a pressure cooker for many years now. Greece’s failure to meet the International Monetary Fund repayment of 1.6 Billion Euros last week was expected given the recent discussions in Europe, and the calling by the Greek Prime Minister of a national referendum
Did you know that not having a nominated beneficiary on your super can mean that in the event of your death the funds from your super can be delayed, paid to the state government or allocated in a way that was not intended? This causes unnecessary stress for loved ones in a time that is
