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Time to think ahead

Housing affordability is an ongoing concern for many Australians, and a hotly debated topic both socially and politically.  First-home buyers are faced with the very real challenge of saving a home deposit in a low interest rate and low real-wage growth environment. The prospect of saving a 20% deposit (the minimum amount required to avoid […]

The 2021-22 Federal Budget has been handed down, with several changes to super and retirement being announced. Most were adjustments to existing rules, rather than sweeping changes. We’ve summarised the key points for members below. FIRST HOME BUYERS CAN SAVE EVEN MORE OF THEIR DEPOSIT IN SUPER UNDER THE FIRST HOME SUPER SAVER SCHEME.  The current situation: Eligible first home […]

From 1 July the amount you can contribute to your super will increase by 10%.  That’s because the Government is lifting the contribution cap limits on concessional (before-tax) and non-concessional (after-tax) contributions.  Here are the new caps, effective 1 July this year.  Financial year (FY)  2020/21 (current FY) 2021/22 (next FY) Concessional (before-tax) contribution cap  $25,000 $27,500 Non-concessional […]

School doesn’t teach us much about superannuation, so you’d be forgiven for reaching your mid-20s (or older) and not knowing much about how it works.  What we mostly take for granted is that it’ll kick in when we start working. While that’s true for most of us, some people are left out through no fault of their own. Why?  Ever […]

Around three million Australians withdrew super early last year to the tune of more than $36 billion. That’s more people than live in the whole of Western Australia, and about a third of the amount that’s been paid out on JobKeeper. Since then, there have been calls for the Government to top up super for […]

After a turbulent 2019/20 financial year, it was heartening to see investment returns firmly in the positive for the first half of 2020/21. Global share market performance was varied early in the 2020/21 financial year. As economies and businesses slowly started to recover from the impact of COVID-19, the US and China produced large positive […]

Super advice for the season

You’re never too young or too old for some quality advice about your super. But sometimes it’s not easy to know where to start – or even what to ask. To give you a better understanding of the advice services we offer, here’s a breakdown of some of the topics we help our members tackle. […]