Author: Recruitment Super
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Are Recruitment Agencies Worth It
Recruitment agencies have become a popular choice for both job seekers and employers in today’s competitive job market. These agencies act as intermediaries between companies looking to hire new talent and individuals searching for job opportunities. But are recruitment agencies really worth it? Do they provide any significant advantages over traditional job search methods? In…
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Combine My Superannuation
Superannuation is a crucial aspect of financial planning for many individuals, especially in countries like Australia where it is a mandatory retirement savings scheme. Over the course of our working lives, we often accumulate multiple superannuation accounts with different providers, leading to a fragmented approach to retirement savings. Consolidating or combining superannuation accounts can streamline…
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How to Merge Superannuation Accounts
Managing multiple superannuation accounts can be a headache for many individuals. It’s not uncommon to have more than one account, especially if you’ve changed jobs several times throughout your career. Having multiple super accounts can result in paying multiple sets of fees, which can eat into your retirement savings over time. Fortunately, there is a…
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Tips to Avoid Superannuation Scams
Superannuation scams have become increasingly prevalent in today’s digital age, with scammers using various tactics to trick unsuspecting individuals into handing over their hard-earned retirement savings. It is essential for individuals to be vigilant and informed about the common types of superannuation scams and the steps they can take to protect themselves. In this article,…
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Disadvantages of Salary Sacrifice
Salary sacrifice is a popular employee benefit that allows individuals to give up a portion of their salary in exchange for non-cash benefits. While this arrangement can be advantageous for both employees and employers, it also comes with its fair share of disadvantages. In this article, we will explore some of the drawbacks of salary…
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Franking Credits
Franking credits are a unique aspect of the Australian tax system that often confuses investors and taxpayers. In simple terms, franking credits are tax credits that are attached to dividends paid by Australian companies. These credits are designed to prevent double taxation of company profits and provide relief to shareholders who receive these dividends. The…
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Non-Preserved Superannuation Benefit
Superannuation is a crucial aspect of financial planning for many individuals, especially when it comes to preparing for retirement. Within the realm of superannuation, there are various terms and concepts that can sometimes be confusing, one of which is a Non-Preserved Superannuation Benefit. In this article, we will delve into what exactly a Non-Preserved Superannuation…
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Re-contribution Strategy
Investing for retirement is a crucial aspect of financial planning. One strategy that individuals often use to maximize their retirement savings is the re-contribution strategy. This strategy involves withdrawing funds from a retirement account, such as a 401(k) or an Individual Retirement Account (IRA), and then redepositing those funds back into the same account or…
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Rebateable Super Income Stream
When it comes to planning for retirement, one of the key considerations is how to generate a steady income stream that will support you throughout your golden years. One option that has gained popularity in recent years is the rebateable super income stream. This innovative financial product offers a range of benefits for retirees, providing…
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First Home Buyer Super Saver Scheme
The First Home Buyer Super Saver Scheme is a government initiative in Australia aimed at helping individuals save for their first home. This scheme allows first-time home buyers to make voluntary contributions to their superannuation fund, which can then be withdrawn to purchase their first home. It is designed to assist individuals in saving for…