Kavanagh

The Grattan Institute has once again sparked debate about superannuation policy, with research published last week arguing that increasing compulsory employer superannuation contributions (the superannuation guarantee) from 9.5 per cent to 12 per cent would leave many Australian workers poorer…

New financial year, new rules: how you are affected

The new financial year signals the start of a number of important measures affecting superannuation and age pension entitlements, access to credit and an important change to the financial ombudsman’s remit. Super fund contribution catch-up rules Super fund members are…

Q&A

Q: Is superannuation safe from bankruptcy, and do the bankruptcy rules also apply to superannuation death benefits? A: If you are declared bankrupt your assets “vest” with the bankruptcy trustee to be paid to creditors. However, a bankrupt’s superannuation savings…

Industry fund launches SMSF product

Industry superannuation fund Hostplus is making a play for self-managed super fund business, offering access to assets “ordinarily unavailable to retail investors.” In what is claimed to be a first for the super industry, Self-Managed Invest (SMI) offers SMSF investors…

Q&A

Q: I make salary sacrifice super contributions in addition to my employer’s compulsory contributions. I have checked with my super fund and it looks like my concessional contributions are going to be above the $25,000 cap. What happens now? A:…

Time to review insurance arrangements

Self-managed super fund members who have maintained an account with another fund so they can keep existing life insurance cover, need to review their arrangements ahead of changes to insurance in super next month. From 1 July, APRA-regulated super funds…

No performance trade-off to invest ethically

There is a small performance gap in favour of environmental, social and governance (ESG) superannuation funds, according to new research. More Australians are aligning their superannuation options to sustainable values according to the latest research by Rainmaker Information. The research…

Kavanagh

Two questions people spend a lot of time thinking about as they approach retirement are how much they will need to live on in retirement and how much they will need in their super fund to generate that income. These…

Super fund contribution catch-up rules take effect

Starting 1 July, super fund members will be able to make use of new contribution catch-up rules. Under the new rules, fund members can carry forward concessional super contributions if their contributions in any given year fall under the $25,000…

June 30 housekeeping schedule

As the financial year ends, it is time for SMSF trustees and superannuants to check that they have optimised their contribution strategies and made all necessary pension payments. Contributions. The contribution limits remain the same as 2018, with every Australian…