How to boost your super by $252,000
Thousands of Aussies have over $2 million in their super funds – yet many others languish far behind. But there’s a simple way to boost your balance.
Superannuation
Aussies set to miss out on a massive $684b
Experts have said this crucial issue is creating a “disadvantage for life” and employers need to step up and making changes.
Sneaky tax loophole to save $75k
This perfectly legal tax trick enables an Aussie on the average salary to save $75,000 in tax when selling a property.
Biggest money mistake young Aussies make
Too many Aussie 20-somethings are ignoring this crucial thing – and it’s costing them thousands of dollars in the long run.
Common mistake 40-somethings make
It’s the crucial age group for getting rich, but too many Aussie 40-somethings are ignoring this one thing – and it’s costing them.
Safest jobs to have during a recession
A financial expert has weighed in on recession-proof jobs amid rising costs of living and skyrocketing interest rates.
Desperate plan to prevent $8bn disaster
Urgent laws are being introduced to stop some Aussie workers being saddled with “large, unexpected” debts while others score millions of dollars.
Biggest money mistake 30-somethings make
It’s the most crucial decade to get ahead with money but a financial advisor has revealed that 30-somethings make this big error.
Shock pic shows how much you need to retire
A graph shows just how big your nest egg should be to enjoy your golden years, but the path forward contains some obstacles.
Sneaky tax trick with $3518 reward
There’s an easy way to beat the share market downturn and pay less tax – you just need to do this one thing.
How much money you really need to retire
A consumer group has new targets on how much money you need to retire, arguing the super industry’s numbers are “too high” for average Aussies.
Exactly how much money you need to retire
Extensive new research has revealed exactly how much Australians need to save for a comfortable retirement.
Huge financial shift for young Aussies
The pandemic has prompted a major financial shift among young Australians, with a new survey revealing one key finding.
Way to make $50k a year doing nothing
There’s a time bomb waiting for some Aussies as a $2 trillion wealth gap means they can’t afford to stop working – but there’s a clever way to overcome this.
You’re about to be $8100 poorer
Australians have been battered by the rising cost of living, including soaring grocery prices, and now they are set to take another financial hit.
Shock $8k hit coming for Aussies at tax time
Australians will likely be in for a nasty surprise at the end of this financial year when they take a look at their super balances.
The Aussies with the most super revealed
There’s a big difference between Australians’ super pots with one area having more than double the national average.
Reason doctors are ditching this super fund
Health workers across Australia have withdrawn their savings from a major Aussie super fund in a mass protest.
Backlash over company’s $2b investment
The Australian organisation manages $68 billion but has come under fire from a grassroots movement for “greenwashing” in its advertising.
Why one in five will struggle to retire
One in five Aussies will struggle to retire based on the amount of super in their savings right now. Here is where you should be at.
Trick to save $2658 tax every month
There are some little known tax rules that you can use to your advantage – saving tens of thousands in the process.
‘Why you’re a TV presenter’: Waleed mocked
The Project host Waleed Aly’s support for one of the PM’s most controversial policies was mocked by a guest who quickly pulled the presenter up on his facts.
‘Why I turned down $14k free cash’
A Sydney mum has explained why she’s turning down nearly $14,000 in free government cash because it will leave her worse-off in the long run.
‘One bank statement confirmed the worst’
Rebecca Smith was blissfully happy with her two beautiful children – until one bank statement revealed something “frightening”.
Two words Aussies should be raging over
The government has decided this isn’t an important issue, but for millions of Australians, it will have devastating consequences.
Shameful secret behind this photo
It looks like a happy snap of a perfect family – but Sydney mum Anna McFarlane says it hides a cold hard truth Australia should be ashamed of.
Aussie mum loses $100k in 20 months
Aussie mum Michelle Maynard estimates she will have lost as much as $100,000 – just by having two kids.
100,000 Aussies win $56.3m payout
The class action had been launched in response to the handling of member’s superannuation funds and could impact millions of people.
‘Volatile’: Reason your super is falling
There’s fear and uncertainty in the market which means superannuation and non-superannuation investments have seen a sharp decline.
One big thing hurting women’s savings
A common issue in Australia is badly affecting the ability of women to save money and leaving them much worse off when it comes to retirement.
‘Call that uncovered my boss’s deception’
Employees were ripped off more than $82,000 but despite complaints they haven’t seen a cent. Now the company has gone into liquidation.
Aussie staff’s $6k win at company
The issue costs workers billions and one Aussie company has called on the government and other business to stop the “unfair” penalty.
How to make yourself $419k richer
Millennials and Gen Z could use this long term wealth strategy to score themselves hundreds of thousands. Here’s how to do it.
Brutal reason workers are losing money
Huge numbers of workers are being denied their hard-earned retirement entitlements and are missing out on thousands of dollars.
Brutal reason Aussies are switching super
Most of Australia’s 200 super funds failed this crucial test, with calls for more scrutiny into where the sector’s $3 trillion in money is going.
One group made richer by Covid
The Covid-19 pandemic has changed how rich Aussies are but it hasn’t impacted everyone equally – one group in particular is better off.
Some jobs just super
Experts have revealed the occupations offering the best superannuation. So is your job on the list?
How much super you need to retire
A quarter of Aussies think they will need more than $1 million to have a good life when they hit old age. Find out if your retirement pot is on track.
Simple way to boost your super by thousands
Aussies are being urged to do one thing that could boost their super by tens or even hundreds of thousands of dollars.
Millions of Aussies trapped in bad super funds
The financial regulator has warned it wants to see Australia’s worst performing super funds close down or merge, as it highlighted poor performance.
‘No place to hide’: Dud funds named
If the people managing your nest egg aren’t doing a good job, check out the latest data from the regulator who has vowed more ‘relentless’ scrutiny.
Aussies who are owed extra $1700
Millions of Australians are owed an average of $1700, with new research showing where those eligible are most likely to live.
How much super you need to retire
Many Australians don’t know enough about superannuation and are heading towards an uncomfortable retirement if they don’t take action.
Aussie’s battle for $60k worth of benefits
The fast food worker has been fighting for the money but is concerned his former employer is never going to pay it.
Woman turns $10k into $400k in 7 months
The Aussie describes the huge windfall as “mind blowing” and has even used the investment strategy to boost her superannuation.
How to boost your super by $261k
Alarmingly millions of Aussies have no idea how their super fund are performing, which could cause real “damage” if urgent action isn’t taken.
How Aussies could make an easy $11k
There’s some simple ways to get your hands on thousands – but hurry as one deadline looms at the end of October.
20yo turning $25 a week into $282k
Vi is only 20 years old and in her second year of uni, but she’s already on track to pocket a whopping $282,000 thanks to her weekly habit.
Why your ex can get half your super
Although moving in with your significant other can be exciting, under certain circumstances, this could spell disaster for your superannuation.
How much super you should have at 30
There’s an amount you need in superannuation to lead a “comfortable” life in retirement and many need to save a lot more to get there.
Simple change to boost your super
Some Australians are being cheated out of hundreds of thousands of dollars by sticking with their employer’s default super fund.
Aussie mums miss out on $1.6b in super
There are calls for the Federal Government to prove it values women by making a change, which could keep them from falling into poverty.
Worst performing super funds revealed
More than one million Aussies have their retirement money sitting in funds that are underperforming and they are being urged to find an alternative.
Push to top up women’s super
A new plan calls for up to $1000 a year be tipped into retirement funds as well as a 50 per cent rebate to help women catch up on lost money.
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Man’s ‘bullying’ claims in messy divorce
Married for 17 years, the South Australian man said he was manipulated and wants to stop his ex-wife from taking all his money.
How you could retire early with millions
There’s a new movement gaining speed that means you could retire at 30 – but it does mean adopting some extreme measures.
How this mum plans to retire at 35
The 29-year-old from NSW is on track to finish up work in just six years and still live off up to $100,000 a year.
$20k mistake three million Aussies made
It may have seemed like a good idea at the time, but a $20,000 government scheme could cost hardworking Aussies $100,000 in the long run.
Money question shocking young Aussies
An experiment conducted on The Project has been a huge eye opener for young Aussies, with one question particularly causing angst.
How to boost your super by $660k
The average worker can boost their retirement by a massive amount with a simple change. Find out the “gamechanger” that’s just been introduced.
Questions that shocked young Aussies
An experiment conducted on The Project has left some millennials “petrified” and “emotional for their future after what they discovered.
Move could cost Aussie workers $160k
Every Aussie worker is being encouraged to check their contract as soon as possible for three words that could cost them a fortune.
More money for Australian workers
Millions of Australians are set to benefit from an increase in superannuation payments paid into their nest eggs.
Easy way to boost super by $56k
Many Aussies are set to sink into poverty when it comes to retirement. Find out how something you do every day could boost your superannuation.
Man wins late fiancee’s super payout
A magistrate who made headlines over his relationship with a law clerk 45 years his junior has claimed her $180,000 super death payout.
Aussie companies paying workers less
From July 1, some employees are going to be hit with a superannuation rise which will come out of their salary, cutting their take home pay.
Big change that could cost you $230k
Controversial new laws being debated in the Senate this week could see some Aussie workers up to $230,000 worse off.
Massive money trap for people under 35
With home ownership rates falling off a cliff, it could end up being a ticking time bomb for young Aussies for one key reason.
Why super balances are suddenly soaring
The Australian sharemarket keeps soaring to fresh record highs. What’s driving it, will it continue and what does it mean for your super?
Costly error most Aussie workers make
There’s one question most people ask when it comes to securing their future but it could be costing them thousands.
Bank‘s big superannuation move
An Australian bank has announced it will sell off its wealth business to a Queensland superannuation fund.
How Qld man paid off $60k debt
A Queensland man has described his financial woes as like “monsters” under his bed. He is one of millions who went down this path.
What Aussies used early super for
New data has shown Australians accessed their superannuation early during the coronavirus pandemic for these reasons.
How you could make an extra $100k
A big change is due to kick in come July and it could mean more money in your bank. Here’s how much you could collect under the reforms.
What you need to do now to be rich later
Here’s the best ways to make the most of your money at each stage of your working life, so you can live the good life in retirement.
Super-for-houses critics ‘deluded’: Lib MP
A plan to let Australians use superannuation to buy a home is ‘dangerous’, critics say, fuelling an already overheated property market.
Australia Post to explore super merger
One of the nation’s biggest industry funds seeks to absorb Australia Post’s superannuation scheme as it becomes even larger.
Woman’s risky move with $20k super
Despite her accountant advising against the early withdrawal of the money, this Melbourne woman wanted to back her dream.
’Retire with less’: Super threat warning
The peak industry fund has launched a new attack on the federal government over speculation it could ditch a rise in super payments.
How much super you need at your age
Australians need far more saved up in super than they do to be able to retire comfortably. This is how much you should have.
Original URL: https://www.news.com.au/finance/superannuation/page/5