Super – and the insurance attached to it – isn’t automatically included in your will. Make sure your money goes to the right people, writes Nigel Bowen In summary • Michael had a will, but a simple mistake severely cost his family • Wills don’t automatically include your super and its life insurance • Nominate … Read more
Should you take greater risk to earn a greater return on your super? Given recent strength in Australia’s property and sharemarket, many Australians wonder why the well-paid experts managing their superannuation money can’t do better than an average return of about 7 per cent. (According to Super Ratings, the median balanced option returned 7.3 per … Read more
And do you understand how much of a game changer this is going to be? You may know that at the end of this financial year the accountants’ exemption that’s allowed you to establish self-managed superannuation funds (SMSFs) without having an Australian Financial Services (AFS) licence is being phased out. But do you understand how … Read more
If you’re one of the 8 in 10 Australians who have multiple super accounts, you’re allowing your money to line the pockets of fund managers rather than fatten up your retirement fund. A recent survey by a not-for-profit super fund found that 80 per cent of Australians were paying multiple sets of fees on multiple … Read more
The GFC was the catalyst to Aussies focusing on the state of their savings. A combination of hard financial times and a general poor track record for saving money has left many with the realisation that their superannuation fund isn’t so super, which means a need to catch up. Even if your financial planning is on … Read more
If you’ve followed the financial section in the last 12 months you’ve probably heard about Self Managed Super Funds or SMSFs. It has been a bit of buzzword and largely driven by people who want more control and better returns from their Super. The thing is almost everything you read about setting up your own … Read more