Author: Recruitment Super
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What are the pros and cons of holding insurance inside superannuation?
Insurance within superannuation can be a valuable tool for individuals looking to protect themselves and their loved ones financially. However, like any financial decision, there are pros and cons to consider when it comes to holding Insurance inside superannuation. In this article, we will delve into the advantages and disadvantages of this approach to help…
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What are the risks of not updating your superannuation beneficiaries?
Updating your superannuation beneficiaries may not be at the top of your to-do list, but neglecting this important task can have serious consequences. Your superannuation benefits are a significant part of your overall financial picture, and ensuring that they are distributed according to your wishes is crucial. In this article, we will discuss the risks…
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Revolutionizing Retirement: Superannuation Overhaul for Future Security
In a world where retirement is a growing concern, economist Susan St John has put forth a groundbreaking solution to reshape the superannuation landscape. With an eye on the shifting demographics and economic challenges, St John, an esteemed honorary associate professor at the University of Auckland’s Economic Policy Centre, has proposed a transformative approach to…
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Unlocking the Secrets of Superannuation in Retirement
As you transition into the golden phase of retirement, one crucial aspect to consider is your superannuation. Understanding the ins and outs of superannuation can significantly impact your financial well-being during your later years. When it comes to superannuation, there are several key points to keep in mind: 1. Eligibility and Access: Australians can typically…
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Superannuation Strategies for Retirement Planning
As Australians approach retirement, the significance of superannuation in securing their financial future becomes increasingly evident. With the aging population and a surge in retirees, the need for robust retirement income strategies (RIS) is more pressing than ever. Having been a core component of the Australian financial landscape for nearly four decades, superannuation plays a…
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Superannuation: Critical Life Insurance Protections for 6 Million Australians
In a recent study conducted by the Association of Super Funds Australia (ASFA), it has been revealed that superannuation plays a vital role in providing life insurance coverage for millions of Australians. The research highlighted the significance of insurance provisions within super funds, emphasizing that they offer crucial protection to individuals who might otherwise go…
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Enhance My Skills
Enhancing your skills is a crucial aspect of personal and professional development. Whether you are looking to advance in your career, stay relevant in a rapidly changing job market, or simply pursue your passions, continuously improving your skills is a valuable investment in yourself. In this article, we will explore some effective strategies to enhance…
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How to minimize tax liabilities for your beneficiaries
When it comes to estate planning, minimizing tax liabilities for your beneficiaries is a crucial aspect to consider. By strategically planning ahead, you can ensure that your loved ones receive the maximum amount of assets without being burdened by excessive taxes. Understanding the various options and tools available to minimize tax liabilities can make a…
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Can superannuation assets be included in a family trust?
Superannuation funds and family trusts are both common tools used for managing and distributing wealth. Superannuation assets are typically held in a separate fund to provide for retirement, while family trusts are established to hold and distribute assets for the benefit of family members. But can these two financial vehicles be combined? Can superannuation assets…
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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…