Author: Recruitment Super
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What are the best aged care planning strategies?
Aging is a natural part of life, and as we grow older, the need for proper care and planning becomes increasingly important. Whether you are considering your own future care needs or helping a loved one navigate the complexities of aging, having a well-thought-out aged care planning strategy in place is essential. In this article,…
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Surge in Monthly Superannuation Checks Signals Growing Financial Awareness
A noticeable surge in the frequency of Australians checking their superannuation balances each month indicates a growing financial consciousness among the populace. Recent research conducted by Money magazine in February revealed a significant uptick in the number of individuals proactively monitoring their superannuation accounts on a monthly basis, with 40.7% now engaging in this practice…
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How to reduce your assets to maximize Age Pension benefits
As you approach Retirement Age, maximizing your Pension benefits becomes a crucial consideration for many individuals. One effective strategy to increase your Pension payments is to reduce your assets to meet the eligibility requirements. By strategically managing your assets, you can potentially qualify for a higher Pension amount and improve your financial security during your…
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How superannuation affects Age Pension eligibility
Superannuation plays a crucial role in determining an individual’s eligibility for the Age Pension in Australia. The Age Pension is a government benefit designed to provide financial assistance to seniors who have reached the qualifying age. However, the amount of Age Pension one receives can be affected by their superannuation balance and income. In this…
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Aussies Warned of Supercharged Property Market Price Hike: Up $92,500
A recent study has raised concerns over the potential impact of allowing first-home buyers in Australia to access their superannuation funds for house deposits. The research, conducted by University of South Australia’s Professor Chris Leishman on behalf of the Super Members Council, indicates that this move could lead to a significant surge in property prices.…
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How to qualify for the Age Pension in Australia
Qualifying for the Pension in Australia is a significant milestone for many individuals as they approach Retirement Age. The Pension is a government-funded income support payment designed to provide eligible older Australians with financial assistance to help cover living expenses in their retirement years. To qualify for the Pension, there are specific criteria that individuals…
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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…