Workers worried about their superannuation’s performance have been urged to stay the course despite market jitters caused by the Iran war.
Labor’s moves to clean up our super system are admirable,but they risk leaving real reforms by the wayside.
A growing number of Australians are putting off retirement as costs rise,with research showing millions will be unable to retire once they turn 67.
The sooner you start thinking about maximising your super,the better,and there are some government schemes available to help.
It’s been dubbed one of the most positive reforms for working Australians in decades,but 80 per cent of workers have no idea it’s happening.
People with low to medium super balances often feel like they’re on the outer when it comes to retirement. But that’s not necessarily true.
For those who play the system right,there’s an extra $500 in super contributions on offer from the government.
For many families,the biggest impact of the new super tax won’t be the headline rate – it will be how it reshapes long-term planning across generations.
For people approaching retirement a market shock just before they leap,or early in retirement,can also become a personal financial shock.
Australians have spent decades building their super. They deserve a system that supports them just as strongly once they reach retirement.
It may seem silly to get a car loan so late in life but,depending on your super returns,it can make sense.