Author: Recruitment Super
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Unclaimed Superannuation
Superannuation is a critical aspect of financial planning for many individuals, especially in countries like Australia where it is a mandatory retirement savings scheme. However, there are instances where individuals may have unclaimed superannuation without even realizing it. Unclaimed superannuation refers to any superannuation funds that have been left inactive or forgotten by the account…
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First Home Buyers Superannuation
Buying your first home can be an exciting but daunting process. With the rising cost of property in many parts of the world, saving up for a deposit can seem like an insurmountable challenge for many young people. However, in some countries, there are government initiatives in place to help first home buyers get a…
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How to Combine Two Super Accounts
Combining two super accounts can be a smart move for individuals looking to simplify their retirement savings and potentially reduce fees. Super accounts are essentially retirement savings accounts in Australia, where employers are required to contribute a percentage of an employee’s salary. Over time, individuals may end up with multiple super accounts from different jobs,…
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Listed Investment Company (LIC)
Listed Investment Companies (LICs) are a popular investment vehicle among investors looking to gain exposure to a diversified portfolio of assets. LICs are closed-ended investment funds that are listed on a stock exchange, allowing investors to buy and sell shares in the company just like any other publicly traded company. How do LICs Work? LICs…
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Can You Have 2 Super Accounts?
Having multiple super accounts is a common scenario for many people, especially those who have changed jobs several times throughout their career. However, the question of whether you can have two super accounts is one that often arises. In this article, we will explore the answer to this question and delve into the implications of…
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Government Superannuation Contributions
Government superannuation contributions play a crucial role in ensuring the financial security of individuals during their retirement years. Superannuation, also known as super, is a long-term savings plan designed to provide income in retirement. In many countries, including Australia, the government encourages its citizens to save for retirement by offering various incentives and contributions to…
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Pensioner Concession Card
The Pensioner Concession Card is a valuable resource for seniors in Australia. This card provides access to a range of discounts and concessions on essential services, helping pensioners save money and make their retirement more comfortable. In this article, we will delve into the details of the Pensioner Concession Card, including eligibility criteria, benefits, and…
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New Employee Not Working Out
Starting a new job can be an exciting and nerve-wracking experience. As an employer, hiring a new employee also comes with its own set of challenges. Unfortunately, not every new hire works out as expected. When a new employee is not working out, it can be a difficult situation to navigate for both the employer…
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Dependant (for superannuation purposes)
Dependant (for superannuation purposes) refers to individuals who rely on someone else for financial support. In the context of superannuation, dependants play a crucial role in determining how a deceased individual’s superannuation benefits are distributed. Understanding the concept of dependants and their significance in superannuation is essential for effective estate planning and ensuring that your…
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What Happens to My Super If I Leave Australia?
Leaving Australia can be an exciting adventure, whether it’s for a short-term relocation or a permanent move. However, when it comes to your superannuation, it’s important to understand what happens to your retirement savings if you leave the country. In this article, we will explore the implications of leaving Australia on your superannuation and what…