In the event of a divorce, your’s and your partner’s superannuation is one of the assets you may need to take into consideration. It might be one of the last things on your mind, but it’s important to realise that there are complex laws that can apply, and walking away with it untouched is not…
With a lot of super funds currently being closely examined to ensure that they are meeting industry standards, you’ll want to make sure that your super is performing satisfactorily with your potential retirement. However, no matter the kind of super fund you opt for or the industry’s standard for super performance, you will be subject…
Depending on your relationship, you may have discussed with your partner the prospect of marriage. Or you might be more comfortable remaining in a long-term de facto relationship (especially since many de facto relationships have similar rights as those of a marriage). You might share a lot of things with your partner (such as a…
When it comes to your retirement funds, you want to ensure that you have an amount in your superannuation fund that will allow you to live comfortably. That’s why you may want to examine it closely and make sure that you aren’t losing out on money that could be going towards your retirement. Checking it…
As an employer, you must make super payments for anyone who is employed under you into their nominated super fund. As of 1 July 2021, the super guarantee rate has increased to 10%. If you have missed a super payment for your employees, or haven’t paid it on time (or to the right fund), you…
This year has seen a lot of amendments and changes to the rules governing superannuation funds and their providers by the Federal Government that may have an impact on how you as an employer deal with super. Are you aware of the changes to “choice of fund” rules that you might need to be aware…
Taking out insurance through a super fund can be a great option for some members, but it does also come with some pitfalls. Super funds typically offer three types of life insurance for their members – life cover, total and permanent disability and income protection insurance. Most super funds will provide their members with insurance…
The initial set-up of a self-managed super fund is perhaps the simplest step in the process. Establishing a super fund that delivers superior returns from your investments is a far more difficult task to do. To invest successfully involves determining precise goals and selecting investments that can effectively achieve those goals. One of the key…
There is a proverb that says that it is better to ask for forgiveness than to ask permission. Generally speaking, the idea behind this saying is that if you ask for permission and you do not receive it, then the punishment will be a lot harsher than if you do the thing that you asked…
Building up your super is one of the ways that you can finance your eventual retirement. But what will happen to your super if something were to happen to you prior to that? Much like how a will dictates what will happen to your physical assets, death benefit nominations ensure that superannuation benefits are properly…