Do you know the difference between a binding and non-lapsing super death benefit nomination? Do you have a nomination in place for your super? We take a look at how they work and why it’s a good idea to have one.
Do you have a salary sacrifice arrangement set up with your employer? If so, there are some new rules coming into effect in January 2020 that may impact how much they’re contributing to your super.
Yes, that sounds incredible but the Australian Tax Office announced in November 2008 that there is an unclaimed (lost) superannuation account holding $220,000! That’s enough to make you find out if it could be yours – or a family member’s?
The financial wellbeing of women in retirement is a significant and growing concern, as women still lag substantially when it comes to retirement balances. On average, a woman retires with $157,000, while a man’s average balance is 72% more, at $270,0001. So why is this? And what can women do now to change their outcome in retirement?
It is no wonder they keep moving the goalposts.
• The timeline between how many years you spend working and how many years you spend in retirement might be closer than you think. Do you have a plan for saving enough during your working years to sustain you in retirement?
https://vimeo.com/285953236/b066a4be04 Superannuation Insight: Don’t bequeath your super to the ATO Who would you prefer your leftover super to go to? For my beloved children If you were to die before you’ve had a chance to spend all your super, who would you prefer to receive what’s left over? Your loved…