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Superannuation

Increase in superannuation guarantee rate forecast to boost retirement savings by $21,000

by Abhishek soni
Increase in superannuation guarantee rate forecast to boost retirement savings by ,000

The average Australian will have about $21,000 more sitting in their nest egg by retirement following a change to superannuation contributions, according to new analysis. The superannuation guarantee increased from …

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Categories Lifestyle

Check your superannuation: The top-performing funds have been revealed

by Abhishek soni
Check your superannuation: The top-performing funds have been revealed

Australia’s top-performing superannuation funds have been revealed, with members reaping the benefits of an “impressive” year of returns, according to new research. International technology and Australian banking shares helped drive …

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Categories Lifestyle

More money paid into superannuation as super guarantee rate increases to 11.5 per cent

by Abhishek soni
More money paid into superannuation as super guarantee rate increases to 11.5 per cent

Looking at your next payslip, you might notice a change to your superannuation. On July 1, the super guarantee rate increased from 11 per cent to 11.5 per cent. This …

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Categories Lifestyle

GigSuper holding company, for gig workers and sole traders, enters voluntary liquidation

by Abhishek soni
GigSuper holding company, for gig workers and sole traders, enters voluntary liquidation

The holding company of a superannuation fund created seven years ago to service ‘gig economy’ and self-employed workers has entered voluntary liquidation. The GigSuper Group collapsed just over two years …

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Categories Lifestyle

New research shows Aussie superannuation savings falling short of retirement needs

by Abhishek soni
New research shows Aussie superannuation savings falling short of retirement needs

Australians’ superannuation savings are falling short of retirement expectations, new research has highlighted. And nearly one in two Australians do not know how much they pay in superannuation fees, according …

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Categories Lifestyle

Age of retirement for Australians extended by post-COVID flexibility, new data shows

by Abhishek soni
Age of retirement for Australians extended by post-COVID flexibility, new data shows

The Australian retirement age has been “steadily increasing” over the past two decades, but a plateau uncovered in the latest retirement data shows the nation’s ageing population have reached their …

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Categories Lifestyle

Cost of living making retirement more expensive than ever, Association of Superannuation Funds of Australia says

by Abhishek soni
Cost of living making retirement more expensive than ever, Association of Superannuation Funds of Australia says

As the cost of living continues to climb, so too does the price of a comfortable retirement with the savings needed to retire hitting “a new record high,” according to …

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Categories Lifestyle

Millions of Australians won’t have enough superannuation to retire, survey finds

by Abhishek soni
Millions of Australians won’t have enough superannuation to retire, survey finds

Millions of Australians fear they will be too poor to support themselves when they stop working, a new survey has revealed. A survey of 1063 people by comparison site Finder …

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Categories Lifestyle

New report reveals Australian women deprived of $1.3 billion in superannuation payments annually due to underpayment

by Craig Fedirighi
New report reveals Australian women deprived of .3 billion in superannuation payments annually due to underpayment

Australian women were underpaid $1.3 billion in superannuation over 12 months thanks to a little-known law from the 1990s. About one in five women did not receive the full amount …

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Categories Business

APRA’s Heatmap Unveils Underperforming Superannuation Funds

by Craig Fedirighi
APRA’s Heatmap Unveils Underperforming Superannuation Funds

Australians are being urged to check their superannuation, with many staying in dud funds with high fees and lacklustre returns, according to the industry regulator. One-in-five “Choice” super funds — …

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Categories Business
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