Category: general-advice-and-information

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 fill job positions and individuals seeking employment opportunities. But the question remains: is it worth using a recruitment agency? In this article, we will explore the benefits and…

Superannuation is a crucial part of many Australians’ retirement plans, with individuals contributing a percentage of their income to their super fund throughout their working life. While superannuation is generally meant to be accessed upon retirement, there are certain circumstances in which individuals may be able to withdraw funds from their super early, such as…

Consolidating your superannuation funds can be a smart financial move that can help you take control of your retirement savings. With multiple super accounts, you may be paying unnecessary fees and insurance premiums, which can eat into your overall balance over time. In this article, we will explore the benefits of consolidating your super, how…

When unexpected medical expenses arise, many individuals may find themselves struggling to cover the costs. In such situations, some people may turn to their superannuation fund as a potential source of financial support. Superannuation, commonly referred to as super, is a compulsory retirement savings program in Australia, and in certain circumstances, it can be accessed…

Sequence of Returns Risk refers to the danger that retirees face if they experience poor investment performance early in their retirement years. This risk can significantly impact the sustainability of a retirement portfolio, potentially leading to the depletion of assets sooner than expected. Understanding and managing Sequence of Returns Risk is crucial for anyone planning…

Unrestricted non-preserved benefits refer to a type of superannuation benefit that can be accessed by a member of a superannuation fund without any restrictions or conditions. These benefits are not subject to preservation rules, which means that they can be withdrawn by the member at any time, regardless of their age or employment status. In…

Withdrawing money from your superannuation fund for medical expenses can be a complex and important decision. Superannuation is designed to provide for your retirement, but there are circumstances where accessing these funds early may be necessary. One such circumstance is for medical expenses that are not covered by insurance or other means. In this article,…

Managing multiple accounts can often become overwhelming, especially in today’s digital age where we have accounts for various services and platforms. This is where the concept of merging super accounts comes in handy. Merge super accounts allow individuals to consolidate multiple accounts into one, making it easier to manage and access all their information in…

The Rest First Home Super Saver scheme is a government initiative aimed at helping first-time home buyers save for a deposit on their first home. This scheme allows individuals to make voluntary contributions into their superannuation fund, which can then be withdrawn when they are ready to purchase a property. By taking advantage of this…

Spouse super contributions can be a powerful tool for couples looking to boost their retirement savings. This strategy allows one spouse to contribute to the superannuation account of the other spouse, which can result in significant tax benefits and increased retirement savings for both individuals. In this article, we will explore the concept of spouse…