Do you have a spouse who is not working or is earning a low income? If your spouse is either not working or earning a low income, it’s likely their super is significantly lower than your own. Generally, women are more likely to have insufficient super when they retire – in Australia, women retire with … Read more
If your income is under a certain threshold, making voluntary after-tax super contributions before the end of the financial year (EOFY) on 30 June could make you eligible for a government super co-contribution. You may also be able to take advantage of the low tax rate payable in super on investment earnings. If you earn … Read more
There are a number of superannuation changes that will take effect on the 1st of July 2021. We’ve summarised the key ones below: Superannuation guarantee increase to 10% The superannuation guarantee is the minimum percentage of your ordinary time earnings that your employer has to pay into your superannuation fund, if you meet certain conditions. On the 1st of July 2021, the superannuation guarantee will increase from 9.5% to 10%. Contribution cap increases There are caps on the amount that … Read more
The End of Financial Year (EOFY) is near. Now is a great time to get your finances in order and plan ahead. While 2021 has been a year of finding our feet again, it’s valuable to start preparing for the EOFY sooner than later, to avoid the last-minute scramble before June 30! To help you … Read more
Our Chief Investment Officer Tim Macready explains what happened in financial markets during the 2019/20 financial year as a result of COVID-19, and how this has impacted your super. Watch our video summary, or read more details below. How did my super perform last year? According to research company Chant West, the median growth investment option^ finished the … Read more
