Category: Superannuation

Superannuation is a critical aspect of financial planning for many individuals, especially in countries like Australia where it is a mandatory retirement savings scheme. However, there are instances where individuals may have unclaimed superannuation without even realizing it. Unclaimed superannuation refers to any superannuation funds that have been left inactive or forgotten by the account…

The Pensioner Concession Card is a valuable resource for seniors in Australia. This card provides access to a range of discounts and concessions on essential services, helping pensioners save money and make their retirement more comfortable. In this article, we will delve into the details of the Pensioner Concession Card, including eligibility criteria, benefits, and…

Dependant (for superannuation purposes) refers to individuals who rely on someone else for financial support. In the context of superannuation, dependants play a crucial role in determining how a deceased individual’s superannuation benefits are distributed. Understanding the concept of dependants and their significance in superannuation is essential for effective estate planning and ensuring that your…

Retirement Income Stream Retirement planning is a crucial aspect of financial management that everyone should consider. One of the key components of retirement planning is establishing a reliable income stream to support your lifestyle after you stop working. A retirement income stream refers to a steady flow of income that you receive during your retirement…

Industry Super Funds are a type of Superannuation Fund that is run to profit members rather than shareholders. These funds are designed to provide retirement benefits to employees in a particular industry, such as healthcare, retail, or construction. Industry Super Funds are known for their low fees, strong returns, and focus on member interests. The…

Transition to Retirement (TTR) Strategy is a financial planning approach that allows individuals to gradually reduce their working hours as they transition into retirement. This strategy is designed to help individuals ease into retirement by accessing their superannuation benefits while still working part-time. TTR can provide a range of benefits, including tax advantages, increased cash…

Superannuation is a crucial aspect of financial planning for many individuals, especially when it comes to preparing for retirement. Within the realm of superannuation, there are various terms and concepts that can sometimes be confusing, one of which is a Non-Preserved Superannuation Benefit. In this article, we will delve into what exactly a Non-Preserved Superannuation…

In today’s ever-changing financial landscape, planning for retirement has become more important than ever. With traditional pension plans becoming less common, individuals are increasingly turning to market-linked pensions as a way to secure their financial future. Market-linked pensions offer a unique combination of market-based returns and guaranteed income, making them an attractive option for those…

Self-Managed Superannuation Funds (SMSFs) have become increasingly popular in recent years as individuals seek greater control and flexibility over their retirement savings. An SMSF is a private superannuation fund that you manage yourself, allowing you to make investment decisions and tailor your fund to your specific needs and preferences. This article will explore the key…

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…