Author: Recruitment Super
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How Do I Combine My Super Accounts?
When it comes to managing your superannuation, having multiple accounts can be a hassle. Not only does it make it difficult to keep track of your investments and fees, but it can also result in your hard-earned money being eaten away by multiple sets of fees and charges. This is why consolidating your super accounts…
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Social Security Means Test
Social Security Means Test is a topic that often sparks confusion and concern among individuals who are approaching retirement age. Understanding how the means test works can help retirees navigate the complexities of Social Security and plan their finances effectively. In this article, we will delve into the details of the Social Security Means Test,…
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First Home Super Saver Scheme Eligibility
The First Home Super Saver (FHSS) Scheme is a government initiative aimed at helping Australians save for their first home by making voluntary super contributions. Eligibility for this scheme is crucial for individuals looking to maximize their savings and take advantage of the benefits it offers. In this article, we will delve into the key…
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Should I Use a Recruitment Agency to Find a Job?
Recruitment agencies have become a popular choice for job seekers looking to find their next career opportunity. With the job market becoming increasingly competitive, many individuals are turning to these agencies to help them secure their dream job. But is using a recruitment agency the right choice for everyone? In this article, we will delve…
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Retirement Terms
Retirement planning can be a complex and overwhelming process, especially for those who are not well-versed in financial jargon. One of the key aspects of understanding retirement planning is familiarizing oneself with the various retirement terms that are commonly used in the industry. From 401(k)s to Social Security, knowing these terms can help individuals make…
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Excess Contributions Tax
Excess contributions tax is a topic that often confuses individuals who contribute to their retirement accounts or other investment vehicles. It is essential to understand what excess contributions tax is, how it is calculated, and how to avoid it. In this article, we will delve into the details of excess contributions tax and provide you…
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FHSSS
When it comes to saving for a home, the First Home Super Saver Scheme (FHSSS) has become a popular option for many Australians looking to enter the property market. This government initiative allows individuals to save money for their first home inside their Superannuation Fund, which can result in significant tax benefits and faster savings…
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How to Merge Super Accounts
Managing multiple super accounts can be a hassle, not to mention the potential for fees eating away at your hard-earned savings. Luckily, there is a solution – merging your super accounts. By consolidating all your super funds into one account, you can save time, money, and effort in the long run. In this article, we…
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Transfer Balance Cap
The Transfer Balance Cap is a crucial aspect of Australia’s superannuation system that plays a significant role in regulating the amount of money individuals can transfer into their tax-free retirement phase. Introduced as part of the superannuation reforms in 2017, the Transfer Balance Cap limits the total amount of superannuation savings that can be transferred…
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Managed Investment Schemes
Managed Investment Schemes, also known as MIS, are a popular investment vehicle that allows individuals to pool their funds together to invest in a diversified portfolio of assets. These schemes are managed by professional fund managers who make investment decisions on behalf of the investors. Managed Investment Schemes offer a range of benefits such as…