Author: Recruitment Super
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The role of part-time work in supplementing retirement income
Retirement is a significant milestone in one’s life, marking the end of a long career and the beginning of a new chapter. However, for many individuals, retiring doesn’t necessarily mean the end of earning income. In fact, part-time work can play a crucial role in supplementing retirement income and providing financial stability during the golden…
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Superannuation Injustice: Migrants Excluded from Compensation Scheme
Superannuation News: Migrants Face Exclusion from Compensation Scheme The closure of an American-themed restaurant in Melbourne’s suburbs left its employees, including second chef Jisan Palikhel, in a dire financial situation, with unpaid wages, annual leave, and superannuation totaling a staggering $230,000. When the restaurant collapsed in 2023 with substantial debts and no assets, recovery for…
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How to determine if you have enough superannuation to retire
Retirement planning can be a daunting task, especially when it comes to determining if you have enough superannuation to comfortably retire. Superannuation, also known as super, is a way to save for your retirement and is compulsory for most working Australians. It is essential to assess your superannuation balance and consider various factors to ensure…
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How to plan for unexpected expenses in retirement
Planning for retirement is a crucial step in ensuring financial stability during the later years of life. However, even the most carefully crafted retirement plan can be derailed by unexpected expenses. From medical emergencies to home repairs, there are a variety of unforeseen costs that can arise during retirement. In this article, we will discuss…
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Super First Home Buyer Scheme
The Super First Home Buyer Scheme is a government initiative aimed at helping first-time homebuyers enter the property market. This scheme provides eligible individuals with a boost to their savings for a home deposit through voluntary contributions to their superannuation fund. By saving for a home deposit through their superannuation, first home buyers can take…
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Australian Super Funds to Expand Overseas Investments in 2025
In 2025, Australian super funds are poised to expand their investments overseas despite recent sell-offs, signaling a shift towards seeking opportunities beyond domestic borders. Research conducted by Chant West suggests that both industry and retail super funds are increasingly looking to diversify their portfolios by allocating more funds to overseas investments, particularly in unlisted asset…
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What is the impact of inflation on retirement income?
Inflation is a key factor that can significantly impact retirement income and financial planning for retirees. As prices of goods and services increase over time, the purchasing power of money decreases, leading to a reduction in the value of retirement savings and income. Understanding the impact of inflation on retirement income is crucial for retirees…
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How to adjust your spending habits for a comfortable retirement
Retirement is a significant milestone in life that many of us look forward to. It’s a time to relax, pursue hobbies, travel, and spend more time with loved ones. However, to truly enjoy a comfortable retirement, it’s crucial to adjust your spending habits accordingly. Planning for retirement involves not only saving diligently but also being…
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Liberals’ Super-for-Housing Scheme Faces Backlash: House Prices to Soar
A recent analysis by the University of South Australia has cast doubt on the effectiveness of the Liberal Party’s proposed super-for-housing scheme, suggesting that it may lead to a significant increase in house prices by 7 to 10 percent. The study indicates that injecting additional demand into an already constrained housing market could result in…
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Should you delay retirement to increase superannuation savings?
Retirement is a significant milestone in every individual’s life. It marks the end of one’s working years and the beginning of a new chapter filled with relaxation, travel, and pursuing hobbies. However, as people are living longer and healthier lives, the question of when to retire and how much to save for retirement has become…