Saving money on your self-managed super fun is a smart move. Letting it rot in the hard drives of the Australian Taxation Office: not so much. This should be pretty obvious. However, according to a report by the Taxation Office, over $730 million of lost super are wasting away while those who could benefit …

Superannuation is a trillion dollar industry in Australia. It is an industry nearly all of us invest in. For this reason we should all be interested in how Superannuation works and how to make the most of it. However, despite the importance Supers hold in our lives, many of us …

Because superannuation has become such an integral part of our lives, it is easy to fall in the trap that anybody with a financial background, such as an accountant or financial analyst, is qualified to provide advice on self managed superannuation funds. Although accountants and financial analysts do generally have a deep understanding of …

The idea that the wealthy are not paying their fair share of taxes is not new, but the current worldwide financial slowdown has increased its popularity. In the United States the paragon of this concept is the The Buffet Rule, based on billionaire Warren Buffets request that ultra-wealthy people, like himself, pay higher taxes. He [...]

Thanks to amendment proposals to the 2010-2011 and 2011-2012 federal budgets you may be eligible for a tax-efficient way of contributing toward your self-managed superannuation fund. The contribution method revolves around salary sacrifice, an arrangement where you agree to reduce your wages in exchange of a similar contribution to your super fund by your employer. [...]

If you are close to retirement wage, you may start to worry about how the worldwide financial instability will affect your super. Let’s check that. If you are close to retirement and you have been following your super balance for the last few years, you are probably panicking. What can you …