Search results for: “Legal Advice”
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How to handle legal disputes over superannuation death benefits
When a loved one passes away, navigating the legalities surrounding their superannuation death benefits can be a complex and emotionally challenging process. These benefits are intended to provide financial support to the deceased’s dependents or nominated beneficiaries. However, disputes can arise over who is entitled to receive these funds, leading to potential legal battles. Understanding…
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What are the legal implications of accessing superannuation early?
Accessing superannuation early can have serious legal implications for individuals. Superannuation, also known as super, is a way of saving for retirement in Australia. It is a compulsory system where employers are required to contribute a percentage of an employee’s earnings into a super fund. While super is designed to provide financial security in retirement,…
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How to switch super funds while ensuring legal compliance
Switching super funds is a crucial decision that can significantly impact your financial future. Whether you’re looking for better Investment Options, lower fees, or improved customer service, changing super funds requires careful consideration and planning. However, it’s essential to ensure that you comply with all legal requirements when making this switch to avoid any potential…
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What are the legal obligations of superannuation trustees?
Superannuation trustees play a crucial role in managing and safeguarding the retirement savings of millions of individuals. As fiduciaries, superannuation trustees are entrusted with the responsibility of ensuring that members’ interests are prioritized and that the fund is managed in accordance with the law. In this article, we will delve into the legal obligations of…
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How to legally minimize taxes on superannuation withdrawals
Superannuation withdrawals are a crucial aspect of retirement planning. As you start withdrawing from your superannuation fund, it’s essential to consider the tax implications to ensure you maximize your savings. Minimizing taxes on superannuation withdrawals can help you preserve more of your hard-earned money for your retirement years. In this article, we will explore some…
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How to manage superannuation in divorce settlements
In the unfortunate event of a divorce, there are many complex issues that need to be addressed, one of which is the division of assets, including superannuation. Superannuation is a crucial aspect of many people’s financial security in retirement, so it is essential to handle it carefully during divorce settlements. Managing superannuation in divorce settlements…
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What are your rights when disputing a superannuation claim?
When it comes to superannuation claims, disputes can sometimes arise between members and their funds. It is essential for individuals to understand their rights and options when facing a superannuation claim dispute. In this article, we will delve into the rights that individuals have when disputing a superannuation claim and the steps they can take…
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What to do if you find unpaid superannuation from a past employer
Finding out that a past employer has not paid your superannuation can be a frustrating and concerning situation. Superannuation is a crucial part of ensuring financial security in retirement, and any missed payments can have a significant impact on your future savings. If you find yourself in this situation, it’s important to take action promptly…
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What are your rights if your employer fails to pay your super?
Employers failing to pay their employees’ superannuation is unfortunately a common issue that many workers face. Superannuation, often referred to as super, is money set aside by employers to provide financial security for their employees in retirement. It is a mandatory contribution in many countries, including Australia, where employers are required by law to pay…
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What is an enduring power of attorney and how does it affect superannuation?
An enduring power of attorney is a legal document that allows an individual (the principal) to appoint another person (the attorney) to make decisions on their behalf in the event that they become unable to make decisions for themselves. This document remains valid even if the principal loses mental capacity. It is an important tool…