Author: Recruitment Super
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How can I write a good resume?
In today’s competitive job market, a strong resume is your golden ticket to landing that dream interview. But with Applicant Tracking Systems (ATS) and busy hiring managers, how do you make yours stand out from the pile? Crafting a compelling resume is an art, but with the right approach, you can transform a simple document…
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Definition of Retirement for Superannuation Purposes
Retirement is a significant milestone in one’s life, marking the transition from a life of work to a life of leisure. For many individuals, retirement is a time to relax, pursue hobbies, travel, and spend time with loved ones. In the context of superannuation, retirement takes on a specific definition that impacts how individuals can…
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How to Merge Two Superannuation Funds
Merging two superannuation funds can be a smart financial move to simplify your retirement savings and potentially save on fees. However, the process can seem daunting if you’re not sure where to start. In this article, we’ll walk you through the steps on how to merge two superannuation funds seamlessly. 1. Review Your Superannuation Funds…
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First Home Buyer Super
Owning a home is a dream for many, but the path to homeownership can be daunting, especially for first-time buyers. However, there are programs and initiatives in place to help first home buyers achieve this milestone, one of which is the First Home Buyer Super scheme. This initiative allows eligible individuals to save for their…
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Salary Sacrifice Disadvantages
Salary sacrifice is a popular option offered by many employers as a way for employees to boost their retirement savings or reduce their taxable income. While there are certainly benefits to salary sacrifice arrangements, such as reducing tax liabilities and increasing superannuation contributions, there are also some disadvantages that individuals should be aware of before…
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Guaranteed Lifetime Pension
When it comes to retirement planning, one of the key concerns for individuals is ensuring a steady stream of income that will last for the rest of their lives. This is where the concept of a guaranteed lifetime Pension comes into play. A guaranteed lifetime Pension is a financial product that provides a regular income…
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Qualifying Recognised Overseas Pension Scheme (QROPS)
QROPS, which stands for Qualifying Recognised Overseas Pension Scheme, is a pension scheme that allows individuals to transfer their UK pension funds to an overseas pension scheme while still enjoying the tax benefits associated with UK pension schemes. This can be an attractive option for individuals who are planning to retire abroad or who have…
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Voluntary Superannuation Contributions
Superannuation is a crucial aspect of financial planning that ensures individuals have enough savings for retirement. While employers are required to contribute a percentage of their employees’ salary to their Superannuation Fund, individuals also have the option to make additional voluntary contributions. These voluntary superannuation contributions can provide significant benefits in the long run, helping…
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Permanent Incapacity Super Release
Permanent incapacity super release is an important topic that affects many individuals who are unable to work due to a permanent disability. Understanding the process and requirements for accessing your superannuation under permanent incapacity is crucial for those facing this challenging situation. In this article, we will delve into the details of permanent incapacity super…
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Irrevocable Beneficiary Nomination
An irrevocable beneficiary nomination is a crucial aspect of insurance policies and investments. It is a designation that cannot be changed without the beneficiary’s consent once it has been made. This type of nomination provides security and ensures that the intended individual or entity receives the benefits in the event of the policyholder’s death. Understanding…