Blog - eairwoman

Choosing a Super Fund – Part 1: Different Types of Funds

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, public sector funds and Self Managed Super Funds. 1. Industry funds Industry funds are sector specific, and are usually set up by employers in a Read more

By Peter Vlant, 2 yearsSeptember 7, 2023 ago

Superannuation for Women

Super Basics – Part 6: How can you make the most of your superannuation?

There are a number of things you can do to maximise your superannuation. One is to make sure you are being paid the Super Guarantee. This is the minimum amount your employer must contribute to your super fund. You should speak to your employer if you are not being paid the Super Guarantee. You can also make additional contributions to your super fund. This can be done through salary sacrificing or making personal contributions. You Read more

By Peter Vlant, 2 yearsJune 29, 2023 ago

Superannuation for Women

Super Basics – Part 5: When can you access your superannuation?

In Australia, superannuation is a long-term savings plan to help you financially in retirement. You can start paying into your super from the day you start work. In most cases, your employer will pay money into your super account (called the Superannuation Guarantee). The money in your super account can’t be accessed until you reach what’s called your ‘preservation age’. When you reach preservation age (currently, between 56 and 60, depending on your date of Read more

By Peter Vlant, 2 yearsJune 22, 2023 ago

Investment planning for Women

Super Basics – Part 4: Investments

When it comes to superannuation, there are a range of investment options available. From low-risk options such as cash and fixed income, to higher-risk options such as shares and property. Most super funds allow you to choose between ‘Pre Mixed’ investment options. The default option typically being ‘Balanced’ which invests across a range of investment assets, including shares, property and cash. ‘High Growth’ which has a larger investment in shares, and ‘Stable’ which focuses on Read more

By Peter Vlant, 2 yearsJune 15, 2023 ago

Superannuation for Women

Financial Jargon – Part 4

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. Rollover: This is when you move move your superannuation from one fund to another. This could be to cosolidate your super into the one account, or once you reach your preservation age, you choose to rollover your super into an account-based pension. Read more

By Peter Vlant, 2 yearsJune 7, 2023 ago

Retirement planning for Women

Women and Retirement – Part 4: Planning for Healthcare Costs in Retirement

Retirement planning is not just about money. It’s also important to consider your health and wellbeing in retirement. This includes making sure you have adequate insurance cover, as well as planning for activities and hobbies that will keep you physically and mentally active. Planning for healthcare costs in retirement is an important part of financial planning for your later years. Women, in particular need to be aware of the potential costs associated with health care Read more

By Peter Vlant, 3 yearsMay 30, 2023 ago

Superannuation for Women

Super Basics – Part 3: How much superannuation do you need?

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 do. After all, the more you have in your super account, the more comfortable your retirement will be. But how much do you need? Well, Read more

By Peter Vlant, 3 yearsMay 25, 2023 ago

Retirement planning for Women

Financial Jargon – Part 3

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 way to invest their super. It’s often offered by your employer as the default investment option for your superannuation contributions. Preservation age: This is the Read more

By Peter Vlant, 3 yearsMay 18, 2023 ago

Investment planning for Women

Women and Retirement – Part 3: Investing for Retirement

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 put a dent in their superannuation balances. Aside from superannuation, it’s also important to consider other retirement savings options, such as investing in property or Read more

By Peter Vlant, 3 yearsMay 11, 2023 ago

Superannuation for Women

Super Basics – Part 2: What is superannuation?

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 9.5% of salary. This rate is set to increase gradually over time, with the aim of eventually reaching 12%. The money in your super fund Read more

By Peter Vlant, 3 yearsMay 4, 2023 ago