Your super is there to help you live a comfortable retirement. The government guarantee (known as the Superannuation Guarantee) means that your employer must make regular contributions to your super account – currently, they must contribute 10.5% of your salary. You can also make your own contributions, and many people Read more…
When it comes to retirement planning, there are a lot of terms and concepts that can be confusing. In this series, we’ll help demystify some of the key terms you need to know. MySuper: MySuper is an Australian government initiative that aims to provide Australians with a simple and low-cost Read more…
What are the best strategies for women? When it comes to retirement planning, women often face unique challenges. They tend to live longer than men, which means their retirement savings need to last longer. They also tend to take career breaks to care for children or elderly parents, which can Read more…
Superannuation is a system in Australia that provides for retirement savings. The mainstay of the system is the Superannuation Guarantee (SG), which is the minimum amount that employers must contribute to their employees’ superannuation. However, employees can also make voluntary contributions to their super. The current Super Guarantee rate is Read more…
When it comes to retirement planning, there are a lot of terms and concepts that can be confusing. In this series, we’ll help demystify some of the key terms you need to know. Industry fund: An industry fund is a type of superannuation fund that is run by a particular Read more…
The most important thing you can do to ensure a comfortable retirement is to start saving early and often. One of the best ways to do this is through superannuation. Superannuation is a long-term savings plan that is designed to help you build up a nest egg to live on Read more…
When it comes to retirement planning there are a lot of terms and concepts that can be confusing. In this series we’ll help demystify some of the key terms you need to know. Admin fees: These are the fees charged by the administrator of your superannuation fund. They can vary Read more…
How to overcome the gender pay gap and save for retirement? There’s no one answer to the question of how to overcome the gender pay gap and save for retirement. But there are a few key steps that can make a big difference. For starters, it’s important to understand the Read more…
More than 80% of women in Australia will not have enough saved to fund a ‘comfortable lifestyle’ at retirement. Women on average will retire with $70,000 less than men. Half of all women aged 45 to 59 currently have less than $8,000 in their super funds. The average superannuation payout Read more…