Basics of SMSF investing

Basics of SMSF investing

Setting up an SMSF fund is the simplest step. Establishing a fund which delivers you consistent returns from your investments is much more difficult.  Investing successfully involves determining precise goals and picking investments which will effectively achieve those goals. The advantage of SMSFs is that you can build a portfolio which reflects your short-term and…

Protecting yourself from super scams

Protecting yourself from super scams

Superannuation is an attractive target for scammers as a significant volume of funds are placed into super funds by Australians.  There are some straightforward steps you can take to protect yourself from super scams.  Know the rules Becoming familiar with the rules surrounding superannuation will alert you against scams which make false claims e.g. offering…

Finding your lost super

Finding your lost super

Changing of name, address or job can mean that you lose track of some of your super. This means that there is money that belongs to you that is not currently in your super fund. Finding your super will collate your previous lost funds with your current account. It is likely that your lost super…

Life insurance through your super

Life insurance through your super

Over 70% of Australians have life insurance through their super fund. This acts as a financial safety net through your super if something unexpected happens.  There are 3 main types of life insurance that super funds usually provide:   Life cover: Also known as death cover, this type of insurance pays a lump sum or income…

Conditions to accessing your super

Conditions to accessing your super

You may find that accessing your super is the best way to meet your financial needs in a given situation, for example in the early stages of the pandemic. Individuals are able to legally access the funds in their super earlier but there are conditions of release.  Common conditions of lease: Reaching your preservation age…

Transition to retirement

Transition to retirement

The transition to retirement (TTR) strategy allows you to access some of your super while you continue to work.  You are able to use the TTR strategy if you are aged 55 to 60. You can use it to supplement your income if you reduce your work hours or boost your super and save on…

Super fund categories and what they mean

Super fund categories and what they mean

There are four different categories of super funds. These have different primary features and are more applicable to certain people than they are to others.  Retail super funds Anyone can join retail funds. They are mostly run by banks and investment companies: Allow for a wide range of investment options. Financial advisors may recommend this…

What is an annuity

What is an annuity?

An annuity provides guaranteed income for a number of years, or for the rest of your life. It is also known as a lifetime or fixed-term pension.  You can buy an annuity from a super fund or life insurance company. You are able to choose whether you want the payments to last for a fixed…

Super scams What to look out for

Super scams: What to look out for

The market for super funds is extremely competitive. Scammers take advantage of this by promising unrealistic benefits to acquire personal or account details. They are able to use this information to steal your identity or transfer your super to an account they can access.  Scammers can approach you in various ways. You could receive a…