Category: General Advice and Information

Salary sacrifice is a strategy that allows you to increase your super contributions and potentially save on tax. Here’s how it works: Benefits of Salary Sacrifice: Things to Consider: Making Salary Sacrifice Work for You: Salary sacrifice can be a powerful tool to grow your retirement savings and potentially save on tax. However, it’s crucial…

Why Consider a Rollover? There are several advantages to streamlining your super: The Rollover Process: Seamless Transfer Initiating a rollover is generally straightforward. Here’s a breakdown of the steps: Important Considerations: Maximizing Your Rollover Benefits Rollover: A Smart Move for Your Future A superannuation rollover can simplify your super management, potentially reduce fees, and offer…

Why is My Super Preserved? The Australian government enforces preservation rules to ensure your super grows for retirement. Imagine if you could access your super freely – it might be tempting to spend it before you truly need it. Preservation helps you build a substantial sum for your golden years. When Can I Access My…

What is the Preservation Age? The preservation age is the earliest you can generally access your super savings as a lump sum or income stream. It acts as a safeguard, ensuring you have a nest egg built up for retirement. This age varies depending on your date of birth and falls within a range of…

The Power of Membership: Becoming a super member unlocks a range of benefits: Types of Superannuation Members: There are two main types of super members: Taking Control of Your Super Journey: As a super member, you have certain rights and responsibilities: Beyond the Basics: Understanding your super membership goes beyond just contributions and accounts. Here…

Investment Options Explained: Most super funds offer a range of investment options, each with a different mix of assets. These assets can be broadly categorized as: Common Superannuation Investment Options: Super funds typically offer a variety of pre-made investment options with different risk profiles. Here are some of the most common: Choosing the Right Option…

What is Income Protection? Income Protection is an insurance policy that pays you a regular income stream if you’re unable to work due to illness or injury. This benefit replaces a portion (usually up to 75%) of your pre-disability income for a set period, typically ranging from 2 to 5 years. It acts as a…

What is TPD Cover? TPD Cover is an optional insurance benefit offered through your superannuation fund. It pays out a one-off payment if you become permanently disabled due to illness or injury and are unlikely to ever return to any form of employment. This definition of “permanently disabled” varies between super funds, but generally means…

Superannuation death cover, also known as life insurance within your super fund, acts as a safety net for your loved ones in the unfortunate event of your passing. It provides a financial cushion, ensuring your family’s well-being isn’t jeopardized by your absence. Let’s delve deeper into how death cover works and the benefits it offers.…

Types of Superannuation Insurance: Super funds typically offer three main types of insurance: Benefits of Superannuation Insurance: Things to Consider with Superannuation Insurance: Making an Informed Decision: Superannuation insurance is a valuable tool to safeguard your financial future. However, it’s not a one-size-fits-all solution. Carefully consider your needs, compare different options offered by your super…