Author: Recruitment Super
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How the Australian government’s superannuation policies have changed over time
Superannuation policies in Australia have undergone significant changes over the years, reflecting the evolving needs of the workforce and the economy. These policies play a crucial role in ensuring that Australians have enough savings for retirement, providing a safety net for individuals in their later years. In this article, we will explore how the Australian…
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What happens if you exceed your concessional contributions cap?
Exceeding your Concessional Contributions cap is a situation that can have serious financial implications for individuals. Concessional Contributions are the contributions made into your Superannuation Fund before tax, including employer contributions, Salary Sacrifice contributions, and personal contributions claimed as a tax deduction. The Australian Taxation Office (ATO) sets a cap on the amount of Concessional…
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The tax benefits of holding assets within a superannuation fund
Superannuation funds are a popular way for individuals to save for their retirement in many countries, including Australia. One of the key benefits of holding assets within a Superannuation Fund is the significant tax advantages it can offer. In this article, we will explore the tax benefits of holding assets within a Superannuation Fund and…
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How to plan for the tax implications of large lump-sum withdrawals
Planning for the tax implications of large lump-sum withdrawals is crucial for anyone who is looking to access a significant amount of money from their investment accounts or retirement savings. Whether you are considering taking out a large sum for a major expense like buying a home, funding a child’s education, or covering unexpected medical…
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How superannuation earnings are taxed before and after retirement
Superannuation is a crucial part of financial planning for retirement for many individuals. It is a long-term savings plan designed to provide income during retirement. One aspect of superannuation that is important to understand is how the earnings within a superannuation fund are taxed both before and after retirement. The tax treatment of superannuation earnings…
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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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The best investment strategies for those approaching retirement
As individuals approach retirement, their investment strategies need to shift to ensure financial security and stability during their golden years. The goal at this stage is typically to preserve capital, generate steady income, and protect against market volatility. With retirement on the horizon, it’s crucial to adopt investment strategies that are tailored to this life…
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How bonds and fixed-income investments can provide retirement security
Retirement security is a critical concern for individuals as they plan for their financial future. While many people focus on building a nest egg through stocks and other equity investments, bonds and fixed-income investments play a crucial role in providing stability and income during retirement. In this article, we will explore how bonds and fixed-income…
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How retirees can use property downsizing to fund retirement
Retirement is a time in life that many people look forward to – a period where they can finally relax and enjoy the fruits of their labor. However, for some retirees, financial worries can overshadow this exciting chapter. With the rising cost of living and uncertainty surrounding pensions, many retirees are left wondering how they…
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Can You Have Multiple Super Funds
Having multiple super funds is a common scenario for many Australians. With the average person changing jobs multiple times throughout their career, it’s not uncommon to end up with more than one superannuation account. But is it a good idea to have multiple super funds? In this article, we will explore the implications of having…