When you choose to add your own money to your super fund, these are known as voluntary contributions. Over time these voluntary contributions can make a significant difference to your final super balance. Salary Sacrifice: This is when you make contributions from your gross salary. That is, contributions taken out Read more…
Inflation eats away at your retirement money every single day, of every week, of every year! Therefore, it’s important to invest your money to offset the reduction of your spending power by inflation. What is inflation? Inflation is the rate at which prices for goods and services rise over time. Read more…
When it comes to choosing the right superannuation fund for you, it’s important to understand your risk appetite. Do you want a low-risk investment option, or are you willing to take on more risk for the potential of higher returns? Generally speaking, there are three main risk levels when it Read more…
If you’re an employee working in Australia, your employer is generally required to make super contributions on your behalf. This is called the Superannuation Guarantee (SG). These employer super contributions are a percentage of your before-tax salary and are paid into your super fund. The contributions are in addition to Read more…
If you’re like most people, you probably don’t think much about retirement until you’re nearing the end of your working life. But whether you’re years or months away from retirement, it’s never too early to start thinking about how you’ll support yourself during those golden years. One of the best Read more…
There are various types of superannuation funds in Australia. As each type of fund has its own benefits and drawbacks, it’s important to do your research before deciding which one is right for you. The five main types of superannuation funds in Australia are industry funds, retail funds, corporate funds, Read more…