Author: Recruitment Super
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First Home Buyer Superannuation
Buying your first home is a major milestone in life, and for many individuals, it can feel like a daunting task. Fortunately, there are various programs and initiatives in place to assist first home buyers in achieving their dream of homeownership. One such program that has gained popularity in recent years is the First Home…
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Retirement Definition Superannuation
Retirement is a phase in life that many people look forward to, where they can finally step back from their careers and enjoy the fruits of their labor. Superannuation, on the other hand, is a term that is commonly used in Australia and some other countries to refer to a retirement savings plan. In this…
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Multiple Superannuation Accounts
Superannuation is an essential part of planning for retirement in many countries around the world. It is a form of saving for retirement that is compulsory for employees, with contributions made by both the employee and their employer. Over the course of a person’s working life, they may accumulate multiple superannuation accounts through various jobs…
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Involuntary Superannuation Transfers
Involuntary superannuation transfers can be a confusing and frustrating experience for many individuals. This process involves the movement of your retirement savings from one superannuation fund to another without your explicit consent. While there are regulations in place to govern these transfers, they can still catch individuals off guard and leave them feeling uncertain about…
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How to Improve Employer Branding
Employer branding is a crucial aspect of any organization’s recruitment and retention strategies. It refers to the reputation and perception that a company has among current employees, potential candidates, and the general public as an employer. A strong employer brand can attract top talent, improve employee engagement, and ultimately drive business success. In this article,…
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Lump Sum Payment Superannuation
Superannuation, often referred to as super, is a crucial part of retirement planning for many individuals. It is a long-term savings plan designed to provide financial support during retirement. One common option within superannuation funds is the lump sum payment. In this article, we will delve into what lump sum payment superannuation entails, how it…
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What Happens to Super When You Leave Australia?
When individuals decide to leave Australia, whether it be for a short-term trip or a permanent move, there are several considerations to take into account regarding their superannuation. Superannuation, commonly referred to as super, is a retirement savings program in Australia that is mandatory for most employees. Understanding what happens to your super when you…
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Hardship Early Release
Hardship early release is a process that allows individuals who are serving a prison sentence to be released before their scheduled release date due to extenuating circumstances. This type of release is typically granted to individuals who are facing significant hardships that make it necessary for them to be released early. While each jurisdiction may…
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Concessional Contributions
Concessional contributions play a crucial role in retirement planning and superannuation strategies. These contributions refer to the money that individuals contribute to their super fund before tax is deducted. This type of contribution is also known as before-tax or pre-tax contributions. Concessional contributions are subject to a concessional tax rate of 15%, which is significantly…
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Beneficiary
In Australia, a beneficiary in relation to retirement refers to an individual or entity designated to receive benefits from a retirement account or pension plan upon the death of the account holder or pensioner. This designation is a crucial aspect of retirement planning, ensuring that assets accumulated throughout one’s working life can be passed on…