Author: Recruitment Super
-
Low Income Superannuation Tax Offset (LISTO)
The Low Income Superannuation Tax Offset (LISTO) is a government initiative aimed at helping low-income earners save for their retirement by reducing the tax they pay on their superannuation contributions. This offset was introduced to ensure that low-income earners are not disadvantaged when it comes to building their retirement savings. What is LISTO? The LISTO…
-
Probate and Superannuation
Probate and superannuation are two important aspects that often intersect when it comes to estate planning and managing the assets of a deceased individual. Understanding how probate affects superannuation funds is crucial for both individuals planning their estates and their beneficiaries. In this article, we will delve into the intricacies of probate and superannuation, exploring…
-
First Home Owners Super
Owning your first home is a significant milestone that many people aspire to achieve. However, the process of saving up for a deposit and navigating the complexities of the property market can be daunting, especially for young individuals or families. In an effort to make homeownership more accessible, the Australian government introduced the First Home…
-
Can You Have Multiple Super Accounts
Having multiple super accounts is a common scenario for many individuals in Australia. With people changing jobs more frequently and employers defaulting to set up a new super account for each employee, it’s easy to end up with multiple accounts. But is it a good idea to have multiple super accounts? In this article, we…
-
Accumulation Fund
An accumulation fund is a type of investment fund that aims to grow the value of its assets over time through capital appreciation. This fund is designed for investors who are looking to build wealth over the long term by reinvesting any income or gains back into the fund rather than taking them as cash…
-
First Home Owners Super Saver Scheme
The First Home Owners Super Saver Scheme (FHSSS) is a government initiative aimed at helping first-time home buyers save money for their first home through their superannuation fund. This scheme allows individuals to make voluntary contributions to their superannuation, which can later be withdrawn to purchase their first home. The FHSSS was introduced to alleviate…
-
Super First Home Buyers
Buying your first home is an exciting milestone that many individuals dream of accomplishing. As a first-time homebuyer, you may feel overwhelmed by the process and unsure of where to begin. However, with the right guidance and resources, becoming a “Super First Home Buyer” is within reach. In this article, we will explore what it…
-
Testamentary Trust and Superannuation
Testamentary trusts and superannuation are two important components of estate planning that can help individuals ensure their assets are distributed according to their wishes after they pass away. Understanding how these two elements work together is crucial for anyone looking to effectively manage their estate and provide for their loved ones. In this article, we…
-
What Happens to the Superannuation That Is Paid to Employees?
Superannuation is a crucial aspect of financial planning for many individuals, especially in countries like Australia where it is mandatory for employers to contribute to their employees’ retirement savings. But have you ever wondered what actually happens to the superannuation that is paid to employees? In this article, we will delve into the intricacies of…
-
Can You Merge Super Accounts?
Consolidating your super accounts can be a smart financial move that can help you save on fees and make managing your retirement savings easier. However, many people wonder if it’s possible to merge their super accounts. The short answer is yes, you can merge super accounts, but there are some important considerations to keep in…