Author: Recruitment Super
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First Home Salary Sacrifice
Saving up for your first home can be a daunting task, especially with the rising cost of real estate in many parts of the world. However, there are various strategies and financial tools available to help you achieve your dream of homeownership. One such tool is salary sacrifice, a method that allows you to contribute…
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Downsizer Contribution
What Is a Downsizer Contribution? A downsizer contribution is a special type of contribution that allows eligible Australians aged 55 and over to contribute proceeds from the sale of their home into their superannuation fund. Introduced by the Australian Government on July 1, 2018, this scheme is designed to help older Australians boost their retirement…
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Do Recruitment Agencies Work
Recruitment agencies play a crucial role in connecting job seekers with potential employers. They act as intermediaries between companies looking to fill job vacancies and individuals seeking employment opportunities. But the question remains: do recruitment agencies really work? Let’s delve into this topic and explore the effectiveness of recruitment agencies in today’s job market. The…
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Division 293 Tax
Division 293 Tax is a tax imposed on high-income earners in Australia to ensure they pay their fair share of contributions to their superannuation funds. This tax was introduced in 2012 and applies to individuals whose income and superannuation contributions exceed certain thresholds. In this article, we will delve into the details of Division 293…
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First Home Saver Account
Buying your first home is a significant milestone in anyone’s life. It marks a step towards financial independence and stability. However, saving enough money for a down payment on a house can be a daunting task, especially for young adults who are just starting their careers. To help with this, many financial institutions offer a…
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Super Consolidation
Super consolidation is a term that is gaining popularity in the financial world, especially in the context of mergers and acquisitions. This phenomenon refers to the process of companies coming together to form larger entities through a series of strategic acquisitions and mergers. The goal of super consolidation is to create stronger, more efficient businesses…
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Early Release of Superannuation
Early release of superannuation refers to the option for individuals to access their superannuation funds before reaching the Preservation Age. While superannuation is designed to provide financial support during retirement, there are certain circumstances in which individuals may be eligible to access these funds early. However, it is crucial to understand the implications and criteria…
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Fixed Income Investments
Fixed income investments are a popular choice for investors looking for a more stable and predictable source of income. These investments include bonds, certificates of deposit (CDs), money market funds, and other debt securities that pay a fixed rate of return over a set period of time. In this article, we will explore the world…
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Can I Have Two Super Accounts
Having multiple superannuation accounts is a common scenario for many working individuals in Australia. Whether it’s due to changing jobs frequently or simply not consolidating accounts, it’s important to understand the implications of having more than one super account. In this article, we will explore the question: Can I Have Two Super Accounts? Understanding Superannuation…
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Allocated Pension
Allocated Pension is a popular retirement income option in Australia that allows individuals to receive regular payments from their superannuation savings. This type of pension provides flexibility and control over how and when you receive your retirement income, making it a valuable choice for many retirees. In this article, we will delve into the details…