Category: Superannuation

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…

Having multiple super funds is a common scenario for many Australians. Whether it’s due to changing jobs frequently or simply not consolidating their super accounts, some individuals find themselves with more than one super fund. But is it actually beneficial to have more than one super fund? In this blog post, we will explore 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…

Buying your first home is an exciting milestone in anyone’s life. However, saving up for a deposit can be a daunting task, especially with the rising property prices in many parts of the world. One way to help make this process a bit easier is by utilizing your superannuation fund. In this article, we will…

Superannuation is a crucial aspect of financial planning for many individuals, especially in countries like Australia where it is a mandatory retirement savings scheme. Over the course of our working lives, we often accumulate multiple superannuation accounts with different providers, leading to a fragmented approach to retirement savings. Consolidating or combining superannuation accounts can streamline…

Managing multiple superannuation accounts can be a headache for many individuals. It’s not uncommon to have more than one account, especially if you’ve changed jobs several times throughout your career. Having multiple super accounts can result in paying multiple sets of fees, which can eat into your retirement savings over time. Fortunately, there is a…

Superannuation scams have become increasingly prevalent in today’s digital age, with scammers using various tactics to trick unsuspecting individuals into handing over their hard-earned retirement savings. It is essential for individuals to be vigilant and informed about the common types of superannuation scams and the steps they can take to protect themselves. In this article,…

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…

Having multiple superannuation funds is a common scenario for many individuals in Australia. Whether due to changing jobs frequently, personal choices, or lack of awareness, it is not uncommon for people to end up with more than one super fund. However, the question remains: Can you have 2 superannuation funds? In this article, we will…