Author: Recruitment Super
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ASIC Sues Australian Super Over Death Benefit Claim Delays
Australian Super, the largest superannuation fund in Australia, is facing legal action by the Australian Securities and Investments Commission (ASIC) over alleged delays in processing death benefit claims for thousands of members. ASIC has accused Australian Super of failing to handle these claims efficiently, honestly, and fairly over a period spanning from July 2019 to…
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How to determine your ideal retirement savings goal
Retirement is a significant milestone in one’s life that requires careful planning and preparation. One of the key aspects of retirement planning is determining your ideal retirement savings goal. This goal will serve as a target for how much money you will need to sustain your desired lifestyle during retirement. While the thought of calculating…
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What industries have the best employer superannuation benefits?
Superannuation benefits are an essential part of an employee’s overall compensation package, providing them with a means to save for retirement. Different industries offer varying levels of employer superannuation benefits, with some standing out for their generous contributions and additional perks. In this article, we will explore which industries tend to have the best employer…
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How maternity leave affects superannuation balances and how to compensate
When it comes to planning for retirement, many factors can impact the amount of money individuals have saved in their superannuation accounts. One significant factor that can affect superannuation balances is maternity leave. Maternity leave often results in a temporary reduction in income, which can have a direct impact on the amount of money individuals…
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What are the benefits of employer-matching super contributions?
Employer-matching super contributions are a valuable benefit that many companies offer to their employees. This type of contribution involves the employer matching a certain percentage of the employee’s own contributions to their super fund. While not all companies provide this perk, those that do can greatly enhance their employees’ retirement savings. In this article, we…
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Superannuation Industry Faces Crisis Meeting Retirement Demands
The superannuation industry is facing a critical juncture as it grapples with the challenges of meeting retirement demands. While establishing a super system for the accumulation phase has been relatively straightforward, the transition to supporting members in retirement poses significant hurdles that the industry is currently ill-prepared to address, according to experts in the field.…
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How employment breaks impact retirement savings and how to recover
Employment breaks can have a significant impact on retirement savings, causing individuals to fall behind on their financial goals. Whether it’s due to taking time off to raise children, pursue further education, or deal with health issues, these breaks can disrupt the consistent saving and investing needed to build a secure retirement fund. However, all…
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How to claim unpaid superannuation through the ATO
Unpaid superannuation is a serious issue that many employees face in Australia. Employers are required by law to contribute a percentage of their employees’ earnings into a Superannuation Fund to help them save for retirement. However, some employers fail to make these contributions, leaving their employees short-changed when it comes to their retirement savings. If…
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Super Saver Scheme
Saving money is a crucial aspect of financial planning for individuals and families. One popular method of saving is through a Super Saver Scheme. This scheme is designed to help individuals save money consistently over a period of time while also offering attractive benefits. In this article, we will delve into the details of what…
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SuperRatings: Trump Impact Turns Super Returns Negative
In recent financial news, the impact of Trump’s policies has caused a downturn in superannuation returns, as reported by the Financial Newswire. SuperRatings, a leading research firm, highlighted the shift to negative returns following a challenging February. The data revealed a decrease of 0.8% in the median balanced investment option during the month, marking only…