Super & Funds

SUPER & FUNDS

Australia almost top in world ranking of retiree welfare

John Collett 11:04 AM   Australia is one of the best places in the world to grow old in. And that's official.

Pension system not paying the rent

Dim outlook: Many non-homeowner retirees are being forced to draw on their capital to live.

Daryl Dixon   Our social security system was designed when house prices were low and rents affordable. Now the financial situations of non-homeowners are deteriorating rapidly.

BOURIS ON MONEY

Super charge your super

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Mark Bouris   Most people could have more in their superannuation if they made better decisions now. Every working Australian needs a super strategy – here are some ideas: 

Herd instinct driving $500b super fund exodus

Breaking out: Leaving the herd to invest through a self-managed super fund is not for everyone.

John Collett   More and more people are setting up their own super fund. High fees shoulder some of the blame, as does the Fear of Missing Out.

SUPER & FUNDS

Pensioners risk losing investment income

John Collett dinkus Dinkus

John Collett   Pensioners stand to receive less interest from their investments after March 20 if they are not careful.

IDENTITY CRISIS

Scammers have an eye on your super

That's not me: Identity thieves want your super.

Barbara Drury   For the world's cyber-criminals, our $1.8 trillion super honeypot is too tempting to resist, and self-managed super funds are the fraudsters' favourite target.

ASSET CHECK

Pressure on retirees

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Daryl Dixon   Deprived of good returns on safe investments, self-funded retirees are turning to risky investments that could lead to capital losses.

Sunday Money Data Service

See how  Australia's biggest listed companies performed this week, and discover the best home loan or deposit rates.

Tech tops resources for investors

Up-and-coming technology companies are the go-to stocks for investors.

Sally Rose   Investment managers who avoided resources to focus on up-and-coming technology companies are delivering the best returns for investors.

TIP OF THE WEEK

Timing crucial for a super sacrificing strategy

Strategic sacrifice: There are significant tax benefits to salary sacrificing additional amounts into super, up to preset limits.

Michael Hutton   Relying on compulsory superannuation contributions alone will not provide enough for a comfortable retirement for most Australians.

SUPER & FUNDS

System damned by planner's decades of fraud

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John Collett   It seems incredible that a financial adviser could continue to rip off clients for 20 years.

YOUR QUESTIONS

What's my best tax move before I go?

Dual citizens should consider the tax implications before they leave to live in another country.

George Cochrane   I'm a dual citizen and moving back to the US. I want to keep my tax bill low. What's the best plan?

SUPER & FUNDS

Time running out for transfer of British pensions

April 2's deadline is looming for expats wanting to make their UK public service pension transfer under optimum conditions.

John Collett   Anyone who worked in the British public sector need to act now to make the most of their pension.

YOUR QUESTIONS

What happens to our super if there's another GFC?

How can we protect our hard-earned wealth for retirement?

George Cochrane   I worry that we might lose much of our hard-earned wealth. Is there an alternative to "safe" super?

AGE CONCERN

Forget the wisecracks, can you afford to live to 150?

Beach life: Staying in work and delaying retirement is a wise  strategy.

Emily Chantiri   Living to 150 might be a ludicrous notion but longevity is rising – and our savings will have to reflect that.

SUPER & FUNDS

DIY drain drives funds to widen member choice

More super funds are opening the door to direct investment.

John Collett   Super funds are adding more direct investments to their offerings as more members leave to start their own.

YOUR QUESTIONS

Early retirement looks attractive, but is it a goer?

Early retirement looks attractive, but can you afford it?

George Cochrane   We're 43 but want to give up the rat race and retire. Is it possible?

TIP OF THE WEEK

Retirees need to test their financial fitness

Measuring up: What's your "fitness'?

Alex Berlee   You might have hung up your work boots but that doesn't mean you're locked into the financial decisions you made when you retired.

ASK NOEL

How can I help pay for grandson's school?

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Noel Whittaker   I want to help my son out while minimising any costs or tax implications for all parties.

SUPER & FUNDS

Retail funds still have some catching up to do

Reaching out: Banks and insurers want retail super funds to be your default option.

John Collett   Will retail super funds ever give industry funds a run for its money?

SUPER & FUNDS

Australia's retirement savings gap among the world's biggest

Debt is preventing many Australians from planning for their retirement.

John Collett   A global survey of people’s attitudes to retirement savings shows while Australians expect to spend 23 years in retirement their money will run out after only just 10 years, leaving them on the age pension.

SUPER & FUNDS

There’s a bigger problem than a few rogue traders

Bad apples ... the sales culture endemic in much of financial planning means the problems extend beyond just a few rogue traders.

John Collett   Financial planning industry's woes run deeper than a few rogue traders

Partners In Planning Group

SMSFs not all they’re cracked up to be

Warning: SMSFs may suit some people, but you should consider the downsides before you jump in.

Alexandra Cain   The trend towards winding down self-managed super funds shows no sign of abating.

AGED CARE

Aged care and the family home

TOUGH DECISIONS: Elizabeth Balmer is keen to stay close to her family home and friends in an area she has lived in for more than half a century, but she is pragmatic about the house.

Barbara Drury   To sell or not to sell the family home? That’s the million dollar question.

ASK NOEL

Have I retired if I'm still in training?

Retirement in prospect

Noel Whittaker   I'm planning on taking a training course two months before becoming eligible to access my super. Would that be seen as not having actually retired?

SUPER & FUNDS

The fix is in and borrowers can beat the banks

The big four: Westpac, ANZ, Commonwealth Bank and NAB.

John Collett   It is usually never a good idea to bet against our big banks, except maybe when it comes to fixing your mortgage.

TESTING

The super work test's not working

Discriminatory system: Many people can satisfy the work test without actually doing any work.

Max Newnham   In order to make the current superannuation system fairer, the current work test must be overhauled.

GETTING STARTED

What Murray means for you

Visionary reforms: David Murray, whose inquiry into the financial system leaves many questions unanswered.

David Potts   For all the financial system report's visionary reforms, it's hard to nail down exactly what they are.

SMSF leverage too much risk for some

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Liam Mannix   Greg Angelo, 67, is the new breed of retiree – one who retires but continues to work. He shifted to an SMSF mainly to avoid having to deal with financial advisers, but has fears for those SMSF holders less sophisticated than him.