You can generate super savings in two ways: contributions and investment earnings. While you work, investment earnings are really important. Once you retire, earnings become even more important.
Working Australians contribute money into super each year. It may be tempting to think that these contributions make up the bulk of your retirement savings. But, for most people, that’s not how it works. There’s a super secret and we want to let you in on it.
You know that the worst of Covid is behind us when the rules for your super start to bounce back to normal. On July 1 this year, we saw yet another temporary Covid measure come to an end. Minimum income stream payments are back to where they were in 2019.
June 30 is sneaking up on us and there are only three more weeks until the end of the year. Time to really make sure you have all your ducks in a row. Here is our year end ‘to-do’ list for all things superannuation.
It has been a while since we last wrote about self-managing your super. Self-managing super can be a lot of fun and, if done well, can be very cost-effective as well. So, this week, we thought we would take a quick look at expenses that an SMSF can and cannot pay for.
You may have seen recent commentary about a new cap on large super balances. It has caused a lot of discussion, but the changes will not affect that many people. Most of us do not really need to worry.
