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.
Superannuation
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.
Bold idea could drive house prices higher
It’s an idea designed to make it easier for first home buyers to break into the market. But experts say it could push ownership further out of reach.
Turnbull at odds with Libs over super
Former prime minister Malcolm Turnbull has revealed which side of the fence he is on when it comes to increasing superannuation payments to 12 per cent.
Australia’s gender pay gap will hurt women
Aussie women are far worse off when it comes to a secure future compared to men, and the gender pay gap is to blame, according to the latest research.
‘Make sure future you is getting paid’
Real estate prices are going through the roof again leaving many locked out of the market. But one expert warns our obsession is a mistake.
Super money ‘powerful tool’ for change
People are voting with their wallets and seeking out ways to have their hard-earned cash do good and protect the environment.
Fund blasted for duping customers
The corporate watchdog has blasted a popular superannuation fund, accusing it of ‘deceptive conduct’ and misleading customers.
Fear young Aussies have that’s ‘unfounded’
Young Australians have a major concern about what will happen before they retire which is ‘unfounded’, the Treasurer says.
‘No closure’: Conwoman’s victim speaks
A woman ripped off for millions by a missing Sydney businesswoman only found out about her death moments before going on radio.
Controversial move nabs $700k unit
The woman found a clever way to pay off her debts and secure a new home.
Aussies drained of billions of super
The country’s prudential regulator has revealed how much money has been sapped from retirement funds through the early release of super.
‘Concerning’: Aussies don’t understand super
There’s an “overwhelming” lack of knowledge and understanding of superannuation across the board in Australia, new independent research reveals.
Young Aussies’ ‘vulnerable’ move
Women, young workers and low-paid Australians have been left more vulnerable in retirement after accessing a controversial scheme.
‘As dumb as cane toads’: Super plan lashed
Election battlelines are being drawn as the government considers a proposal that would force workers to choose between superannuation and take-home pay.
Boost for plan to help first-home buyers
A plan to allow first-home buyers to dip further into their super is a step closer to reality after it gained support from three key players.
Move that could stop you getting home loan
With interest rates at record lows, many Aussies are keen to take the leap to buy a home. But one move may hurt your chances of scoring a good deal.
Idea to help first-home buyers rubbished
A bold idea to help Australians buy their first home has been floated again. But the concept could have ‘devastating impacts’, politicians say.
Homebuyer boost to come at a cost
Speculation is mounting a boost to super could be scrapped, with the government switching focus to boosting homeownership.
Aussies 2% poorer under big change
A planned boost to Aussies’ mandatory savings is facing the axe after the revelation the change would make most people worse off.
Leading fund tight lipped on winning strategy
Australia’s biggest superannuation fund has refused to provide details to various questions at a parliamentary hearing, but denies being secretive.
Poor performing super funds on notice
The prudential regulator has warned too many Australians remain in underperforming super funds and are paying too much to do it.
Keating blasted for ‘nasty attack’
A stoush has erupted between Treasurer Josh Frydenberg and former prime minister Paul Keating over the performance of the Reserve Bank.
400,000 Australians to get extra pay
More than half a billion dollars will be repaid to almost 400,000 Australian workers after 24,000 business admitted to underpaying staff.
ATO to crackdown on JobKeeper rorters
Tax authorities warn the full force of the law will be brought down upon people illegally accessing JobKeeper and early release of superannuation.
Businesses caught stealing workers’ money
The ATO has hit more than 1500 businesses with a harsh penalty after they were caught stealing money rightly owed to their workers.
Why super increase can kickstart economy
One of Australia’s major industry superannuation groups says the scheduled rise in payments to workers will help boost rather than hinder the economy.
‘Bitchy Liberals’: Keating slams selfish MPs
Former prime minister Paul Keating says a bunch of “little bitchy Liberals” aren’t playing fair and are trying to “knock off” people’s incomes.
Aussies caught in super withdrawal rort
A staggering four in 10 Australians who withdrew retirement savings recently haven’t actually lost any income. And it could cost them.
Superannuation increase under cloud
Fears a superannuation increase will come at the cost of future wage growth is posing a threat to an already-legislated plan.
ATO to crack down on early super rorters
The Australian Taxation Office has warned people who rort the early release of super for tax benefits will be met with harsh fines.
Early super withdrawals surpass $30b
Australians are continuing their mad rush to access their retirement savings early with more than $30 billion being sapped from the superannuation pool.
Super increase will cost you a pay rise
Every Aussie worker is legislated to get paid more in super over the coming years. Sounds good, right? It turns out you’ll actually have to pay for it.
ATO’s tough new crackdown
The tax office has issued a brand new warning to Aussies – and if you’ve done the wrong thing, you can expect to soon pay dearly.
‘Poorer off’: Labor slams scheme
The scheme that allows Australians in hardship to access up to $10,000 from their accounts has been extended until December. But not everyone agrees.
Bosses ripping off workers face jail
The Queensland government has made wage theft illegal, following findings a quarter of the state’s workers are being unpaid or underpaid, or missing out on super.
Super firm to pull investment from coal
First State Super will divest from thermal coal mines in an attempt to fight climate change.
ATO’s grim warning for Aussies
The tax office has warned that scores of taxpayers could soon be hit with audits and even financial penalties due to one big mistake.
ATO cracks down on early super rorts
The ATO will clamp down on people dipping into their super who have not been financially impacted by COVID-19
Aussies raid $18b from their savings
More than 2.4 million Australians have applied to dip into their retirement savings, sapping the superannuation sector of more than $18 billion.
500,000 Aussies wipe out super funds
Almost half a million Aussies have completely cleared out their superannuation accounts with demand for the government scheme outstripping expectations.
Two glaring problems with ScoMo’s scheme
More than two million Aussies have jumped at the chance to access their superannuation early – but is it really such a good idea?
How under-30s have screwed themselves
It was supposed to help struggling Australians get through the COVID-19 crisis – but this controversial policy could harm one particular group.
Tax office freezes super scheme
Early access to superannuation will be temporarily halted after up to 150 Aussies lost a combined $120,000 through identity theft.
Corporate watchdog warns of virus scams
The Australian Securities and Investments Commission is urging consumers to watch out for unscrupulous operators trying to take advantage of the COVID-19 pandemic.
Aussies’ $3.8 billion mistake revealed
Australians have rushed to take up a key government policy designed to ease the coronavirus crisis – but experts it’s a ticking time bomb.
Fury as Aussies ‘forced to pay for COVID-19’
It was touted as a way of helping us through the coronavirus crisis – but experts say this policy is using our savings as a “national relief fund”.
Desperate Aussies’ $200,000 mistake
A huge number of Australians have applied to withdraw money from their retirement funds, raising fears it could impact on everyone’s nest egg.
‘Dizzying lows’: What crash means for you
The Aussie share market has copped a battering as a result of coronavirus panic – but this is how the crash could impact us all.
The big worry for Aussie retirees
A concerning new picture of retired Australians’ finances has been illustrated by new research, and experts warn something needs to be done.
Sneaky way Aussie workers get screwed
It’s touted as a “free lunch” and a path to a pay rise – but there’s a big reason why this policy is actually hurting Australian employees.
Super traps can sting your savings
Ignoring your superannuation can see you being slugged with extra taxes, too many fees and not leave you with enough to enjoy retirement. Here’s what you need to know about your nest egg.
A double reward from your super
You can seriously boost the size of your nest egg — plus save thousands of dollars in tax — by following this one popular strategy.
Mum’s $3m solution to ‘ridiculous’ problem
Pascale Helyar-Moray is convinced a “crisis” is coming for many Aussies, but she’s come up with a genius way to stem the looming “tsunami”.
Savings plan: Make a super start to 2020
Changing superannuation rules always keep us on our toes, and this year is no exception. Here’s what you need to think about if you want to boost your nest egg.
Best super funds of the decade revealed
A golden run for superannuation funds is nearing an end, so how long can our nest eggs keep growing? Here are the funds that have performed the best – and what to do when they start to fall.
How retirement review may affect you
Australia’s ageing population is in the spotlight, and dealing with the financial fallout is high on the government’s agenda as a retirement income review gets under way.
Surprise! How long your nest egg needs to last
We’re living longer and enjoying richer retirements, which means more money will be needed. But new research paints just how long you’ll need your cash reserves to last you.
Ethical investing: Put your money where your mind is
Going green is growing in popularity, but when it comes to investing your money there are grey areas to be avoided. This guide to ethical investment will get you started.
What workers think about super
Many workers don’t bother thinking about their superannuation savings but that doesn’t mean they don’t want it. A new study shows what they want.
Stop bosses stealing your super
Unpaid super continues to grow as busy employees fail to spot the mistakes of busy — or sneaky — bosses and risk missing out on a huge windfall down the track.
Original URL: https://www.news.com.au/finance/superannuation/page/7