Downsizing? Here’s What You Need To Know About Contributions.

Downsizing? Here’s What You Need To Know About Contributions.

Downsizer contributions are a valuable option for older Australians looking to boost their superannuation savings. Introduced as part of the Australian Government’s efforts to address housing affordability and provide greater flexibility in retirement planning, downsizer contributions allow eligible individuals to contribute the proceeds from selling their home into their superannuation fund. Downsizer contributions allow Australians…

A How To On Boosting Spousal Superannuation

A How-To On Boosting Spousal Superannuation

Boosting retirement savings is a priority for many Australian couples. One effective strategy is co-contributing to your spouse’s superannuation account, which can balance super balances between partners and offer tax benefits. What Can Co-Contributing To My Spouse’s Super Do? Increased Retirement Savings: Helps ensure both partners have sufficient funds for retirement. Tax Offset: You may…

Preparing For EOFY: The Superannuation Clearing House

Preparing For EOFY: The Superannuation Clearing House

As the End of the Financial Year (EOFY) approaches, employers and self-employed individuals must ensure their superannuation contributions are processed efficiently and on time. Utilising a superannuation clearing house can streamline this process, ensuring compliance and maximising the benefits of super contributions. Here’s a comprehensive guide on why and how to get your super into…

Ethical Superannuation Concerns For Members Of Funds

Ethical Superannuation Concerns For Members Of Funds

Ethical investing has become increasingly important for individuals managing their superannuation funds. As awareness of environmental, social, and governance (ESG) issues grows, many Australians want to align their retirement savings with personal values. Here are key considerations for those interested in ethical investing within their superannuation: 1. Understanding Ethical Investment Options Ethical investing, often synonymous…

What Is ATO Held Super?

What Is ATO-Held Super?

In the labyrinth of finance and retirement planning, superannuation stands as a beacon of financial security for many Australians. It’s the nest egg we diligently contribute to throughout our working lives, hoping it will sustain us in retirement. However, what happens when these contributions fall through the cracks or accounts are left dormant and forgotten?…

Understanding the Basics Of The Transfer Balance Cap

Understanding the Basics Of The Transfer Balance Cap

In retirement planning, understanding your personal transfer balance cap is essential for managing your superannuation and maximising your tax benefits. This lifetime limit dictates the amount you can transfer into retirement phase accounts, where earnings are tax-free. But what is the transfer balance cap? Your transfer balance cap serves as a ceiling on the total…

Superannuation Contribution Types That Could Grow Your Financial Future

Superannuation Contribution Types That Could Grow Your Financial Future

As retirement looms, ensuring a comfortable and secure future becomes a top priority for many individuals. One essential aspect of this preparation is maximising superannuation contributions. With the right strategies, you can harness the power of compounding interest and investment growth to build a substantial nest egg in your superannuation for your golden years. Superannuation,…