Superannuation

Association of Superannuation Funds of Australia research reveals Aussies are struggling to seek advice on superannuation

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Association of Superannuation Funds of Australia research reveals Aussies are struggling to seek advice on superannuation

Many people struggle to keep on top of their personal finances, but one trend in particular could leave Australians “poorer” as they head towards old age. Research has shown almost half of Australians have never sought advice about retirement, according to the Association of Superannuation Funds of Australia (ASFA), with the trend “worrying” experts. WATCH … Read more

ATO urges Aussies to check for lost superannuation, reveals it is holding $17.8 billion in unclaimed funds

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ATO urges Aussies to check for lost superannuation, reveals it is holding .8 billion in unclaimed funds

Taxpayers have been urged to check for any lost or unclaimed superannuation, as the Australian Taxation Office (ATO) revealed it is holding $17.8 billion worth of unclaimed funds. The ATO also warned people who have already retired, that they too could be in for a retirement savings boost, with $471 million of that unclaimed super … Read more

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

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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 11 to 11.5 per cent this month, meaning the compulsory superannuation payments made by your employer have risen. An average worker earning about $72,000 would … Read more

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

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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 above-average returns over 2024, investment research group Lonsec’s SuperRatings said. SuperRatings found the average balanced investment super fund returned 8.8 per cent to members for … Read more

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

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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 means the compulsory superannuation payments made by your employer have jumped, so more money will be going into your nest egg. Know the news with … Read more

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

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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 ago, reportedly owing creditors $2.7 million. Both the holding company, GigSuper Holdings Pty Ltd, and the subsidiary company, GigSuper Pty Ltd, entered voluntary administration in … Read more

New research shows Aussie superannuation savings falling short of retirement needs

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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 to research from superannuation and investments company Vanguard. WATCH THE VIDEO ABOVE: Aussie super savings falling short. Newsletters: Breaking news as it happens. Subscribe now … Read more

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

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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 limit for now. Both men and women are now expected to retire at the oldest age on average since the early 1970s, accounting giant KPMG … Read more

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

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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 the latest Retirement Standard released by The Association of Superannuation Funds of Australia (ASFA). To live “comfortably” — that is, above the standard that an … Read more

ESSSuper, UniSuper among best-performing Australian super funds as top 10 for 2022-23 revealed

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ESSSuper, UniSuper among best-performing Australian super funds as top 10 for 2022-23 revealed

Australia’s top-performing balanced superannuation funds for the last financial year have been revealed, according to new research. Members in six of the best-performing funds achieved double-digit returns in the year to June 30, research house SuperRatings says. WATCH THE VIDEO ABOVE: Nine commonly overlooked tax deductions. The consultancy firm named ESSSuper, Vision Super and Brighter … Read more