superannuation
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Five Reasons You Should Salary Sacrifice in This Financial Year
The new financial year is upon us, and there’s never been a better time to think about starting on the right foot with superannuation concessional contributions. Experts suggest that to retire comfortably, you’ll need at least $1 million in superannuation. However, according to Industry Super, the current average super balance for a 66-year-old is $392,805…
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The ATO Is Handing Out Cash From Inactive Super Accounts (With A Catch)
The ATO isn’t known for handing out money but there will soon be an exception with the tax office giving Australians some money back from inactive low-balance super accounts. Here’s what you need to know.
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How Much Money Do You Need For Retirement?
One of the best things about employment in Australia is superannuation. Under current laws, employers must pay 9.5% of your salary into an approved fund that is set aside for your retirement. But with the age at which you can get the pension rising from 65 to 67 over the next few years, many people…
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It’s Official: Aussie Workers Are Getting A Raw Deal On Their Super
Australia’s super system could give us so much more to retire on, without taking more out of our wages. But first the government needs to make changes to drive retirement incomes higher.