Category: general-advice-and-information

When it comes to managing your finances, it’s essential to keep track of your superannuation accounts. Over the years, many people end up with multiple super accounts from different jobs or funds, which can lead to unnecessary fees and confusion. Merging super accounts is a great way to streamline your finances, save on fees, and…

Enhancing our skills is a crucial aspect of personal and professional development. Whether you are looking to advance in your career, pursue a new hobby, or simply broaden your knowledge, continuously improving your skills can open up a world of opportunities. In this blog post, we will explore the importance of skill enhancement and discuss…

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…

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,…

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…

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…

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…

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…

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…

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…