This year’s Federal Budget is an ‘election budget’ with tax cuts for all Australians that will be funded by the Government’s higher than expected revenue. All-in-all, changes to super were fairly limited in the Budget, with the Government focused on preventing the erosion of super funds with small balances. We’ve summarised some of the key […] Read more...

ou don’t need to be an economic whiz to understand the Federal Budget, just take a quick look at our “Jargon Buster – Budget Edition” for the plain English explanation of key terminology used by politicians, economists and the media when talking about the budget. Federal Budget The Federal Budget is the Government’s spending plan, issued […] Read more...

Under superannuation law, your employer is required to pay the equivalent of at least 9.5% pa of your salary into your superannuation fund. You may also decide to contribute more of your salary to top up your superannuation balance and prepare for your retirement. You can choose to increase your contributions to super using your pre-tax […] Read more...

Regardless of your age, one of the ways to help you grow your wealth and prepare for retirement is to take an active interest in your superannuation sooner rather than later, especially when considering the impact that having multiple superannuation accounts may have on your end ‘retirement nest egg’. You’ll notice from your superannuation statement, that […] Read more...

Your statement is often a good touch point on how you’re progressing with your retirement nest egg. Regardless of your current stage of life, it’s important to review your statement, as superannuation plays a vital role in supporting you in retirement. Before you file your statement away this year, take some time to consider the following. […] Read more...

Over the course of the last three decades there has been continual change regarding the rules governing superannuation. In recent times, some of the most significant changes have come from the proposed measures released in the 2016 Federal Budget, many of which took effect on 1 July 2017. For example: 1. The reduction in the concessional […] Read more...

With increasing life expectancies and improvements in medical technology we can all expect to have longer and more productive retirements. But there is still a high chance of needing help with daily living activities and medical care, especially at older ages. Accessing support services does not always mean you have to move out of your […] Read more...