Sponsored Story
Annual superannuation statements will be sent out soon and for most investors, apart from those conservatively invested, they will likely show double-digit returns. If yours doesn’t – it might be worth reviewing your options, says BDO Private Wealth Director Lachlan Kennett.
Sponsored Story
Treasurer Josh Frydenberg’s third Federal Budget went some way towards reducing the complexity of the rules around Australian superannuation, but there’s more work to be done, according to a leading expert.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
Remember when the only conversation at barbecues and the pub was sport or politics? That time is long gone and it’s not unusual for the conversation to now extend to matters financial – including the performance of shares and super funds.
For the first time since the 1990s, nearly 15,000 retired South Australian public servants will see their indexed pensions frozen until consumer prices bounce back – but the state Treasurer has intervened to ensure they don’t lose money.
Allowing the young and cash-strapped early access to superannuation to help them through the pandemic will have long-term ramifications and undermines the system, argues Marielle Smith.
As we hear more and more reports of people in their 20s and 30s taking advantage of the special eligibility criteria to withdraw from their superannuation, concern is mounting about the long-term implications on their financial health.
South Australian public servants would be free to choose where their superannuation goes, like other Australians, under a bill being drafted by the State Government.
