Super fund members are wasting almost $2 billion a year on insurance premiums for cover that will not pay out in a claim. Here’s how to kill off those zombie policies.
When Alyson Gearing returned from an overseas trip to a pile of unopened mail for her daughter, what she found inside horrified her.
Many Australians miss out on receiving the superannuation contributions their employers are legally required to make, but new powers and penalties will raise the stakes for cheating bosses.
MANY Australians fear they won’t have enough money to retire on, but a new study says that is not the case.
After nine years of strong performance, balanced super funds are underwater five months into the new financial year, prompting some to question that they are carrying too much risk.
EVERYBODY dies eventually, but too few partners in a relationship think about the financial consequences of death for their money. Here’s what to talk about.
COMMBANK has been hit with a major class action that could see hundreds of thousands of ripped-off customers get their money back.
AS the government tackles bullying claims from women within its ranks, Labor has attacked its biggest weakness with an announcement.
IT’S something most of us are paying for without even realising it, but unless you ask this very simple question it could come back to bite you.
THIS is the grilling that blew the lid on a massive rip-off affecting millions of people — and could see you refunded up to $3000.
AS the royal commission continues, super fund members are being urged to check their annual statements to make sure they’re not being ripped off.
SUPERANNUATION can be complicated but here are some basic tips to help you figure out if you’re getting a good deal.
SUPERANNUATION is a great way to save money for retirement, but when it comes to protecting your family through life insurance in super, it’s wise to ask a few questions.
IT takes more than 40 years to build a good retirement nest egg through superannuation, and a new analysis shows how last year’s winners often become this year’s losers.
IF you are considering joining the 600,000 Australians with a self managed super fund, know this — nearly all advice on setting one up is dodgy, an audit shows. And that’s not the only problem.
THE spotlight is turning from banks to super funds as some Aussie investors have learned they’re being taken for a ride. Kochie explains how to make sure your nest egg is safe.
CHANGES to superannuation laws have boosted the benefits of injecting extra cash into your fund in the last few weeks of the financial year.
THE difference between the best and worst-performing funds could be up to $407,000. Here’s how to tell how yours stacks up.
A TOUGHER Centrelink assets test hit retirees last year, but fresh changes outlined in the Budget allow seniors who use retirement income products to potentially claw back some cash.
MANY people wanted the government to keep its hands off superannuation in the Federal Budget. It didn’t, but the changes it announced have been widely welcomed.
THE big four banks are boosting their revenues by hundreds of millions of dollars a year with one sneaky trick that comes at the expense of customers.
What do things look like inside your superannuation nest egg? If you’re not sure, now is a good time to take a peek. Here’s why.
LACK of engagement with life insurance means Aussies may be missing out on some extremely valuable — and unique benefits.
AUSTRALIANS have no idea how much money they are paying for life insurance in their super fund, sparking urgent calls for people to check their cover.
MANY Aussies dream of finding one big idea that pays for their early retirement. But the reality can lead to a big shock for those who don’t plan ahead.
SEVEN days of savings that will change your life has come to a close, but the tips and tricks are all still here to get you on your way.
TAKE charge of your super now, David Koch says, or risk running out of money in retirement.
DUMB, stupid, silly. That’s a few words describing some of Australia’s superannuation rules, but if you know how to work around them you can still enjoy a wealthy future.
SOME people love mountains of investment options in their superannuation — the more the merrier — but a majority of fund members find it too complex.
‘TIS the season to spend money, but there are ways to boost your savings over the festive period. Here are six of the best.
AUSTRALIANS like investing ethically into things such as renewable energy and health, and this is translating into a bigger focus on their superannuation savings.
ITS face value is only five shillings. But this WWI-era banknote is going to cost its unlucky owner a great deal more than that.
THE tax office could confiscate up to 50 per cent of your savings if you get caught up in one of these “too good to be true” investment schemes.
SUPER fund fees can put a nasty dent in your retirement savings if you don’t keep an eye on them. Here’s what to look out for.
RUNNING out of money in retirement is a concern for many Australians but it’s not the biggest worry of Baby Boomers.
IT’S easy to ignore superannuation, but even easier to discover just how much money you’re likely to have when you leave work.
IT’S easy to ignore superannuation, but even easier to discover just how much money you’re likely to have when you leave work.
IF YOU were born after a certain year, you will need a staggering amount of money in your coffers to live comfortably in retirement. Here are the figures.
YOU may have noticed a huge fee increase on your superannuation statement this month. This is what it means.
EVERYONE loves to pay less tax, and transition to retirement pensions can still pack a punch despite tougher new superannuation rules.
THE housing boom in Australia has created some unexpected side effects for young families sitting on huge wealth without realising it.
RETIREMENT seems a long time away, but if you don’t fix these mistakes now, you may never be able to afford to stop working.
AUSTRALIANS with self-managed super funds are finding it tough to take their eyes off blue chip local companies, but sometimes their timing is wrong.
SALARY sacrifice is no longer the only way for employees to pump extra money into superannuation and get tax deductions, but it may still be the best.
YOUNG workers today have plenty of financial obstacles popping up in front of them, and another big one is approaching quickly on the horizon.
YOU’RE probably sick of being told to give up a coffee each day to save money, but what if it meant you could turn it into nearly half a million?
SICK of your business paying a lease to a landlord with no benefits for you? Here’s a way to become your own landlord.
AS the largest collection of rule changes in a decade shook the superannuation sector last week, most Australians were busy ignoring them.
A FRESH bunch of superannuation rule changes came into force on July 1, opening some new opportunities for Australians to build bigger nest eggs.
MILLIONS of dollars in retirement savings are slowly being clawed back by their rightful owners and it’s helping fatten our superannuation balances.
CHANGES to superannuation rules next month are set to deliver families some flexibility that has been missing in retirement saving.
AN Australian cancer specialist was horrified when she learnt she was supporting the companies killing her patients. This is her remarkable story.
A MYSTERIOUS figure named “Martin”, bearing a striking resemblance to a certain Australian prime minister, has people scratching their heads.
FEWER than one in ten Aussies are injecting money into their superannuation accounts, despite the massive financial incentives on offer.
PARENTS and grandparents have a golden opportunity to use superannuation to deliver children and young adults a wealth boost.
THIS tradie was grumpy when his daughter made him hunt for a Lotto ticket after an 18-hour shift, but he is now $2.6 million richer for it.
A PLAN to encourage Australians to downsize their homes and shift extra money into superannuation has been welcomed, but it comes with a warning.
A PROPERTY tycoon has created waves by saying young people need to stop buying $4 coffees if they want to own a home. So is he right?
HER husband is one of the most hated men in the country, currently serving 150 years for his crimes. This is her sad new life of exile.
ONCE upon a time, a six-figure income was considered the mark of a well-to-do Australian. Now it’s the bare minimum.
APPARENTLY house hunters really can have it both ways. A developer has issued a pretty strange offer - buy a property, get a year’s worth of smashed avo.
A SUPER fund manager has crunched the numbers and reckons the vaunted first home buyer saver account is a lot of investment for not much return.
EVEN the bank of mum and dad must be repaid, as one homebuyer discovered when her parents sued to get back $345,000.
THE government’s big idea to help Australians buy homes may actually make the situation worse and drive prices higher.
IF YOU want to buy a house, the Budget includes a new idea that should make it easier. But you’ll have to make a sacrifice to take advantage of it.
WOMEN have on average less than half the superannuation of men when they retire, leading industry figures to call for change in the Budget.
IT WAS written by one of the 20th Century’s most significant figures, and its new owner paid $959,818 for the leather-bound tome.
THE a2 Milk company has emerged triumphant in the battle for the Chinese market.
WANT to get rich by playing the stock market? The secret to building wealth is surprisingly simple.
A TRIBUNAL has criticised Centrelink over a systems failure it has called “a most unwelcome state of affairs”.
IMAGINE sitting at your desk all morning with no idea that you’d just become Australia’s newest multi-millionaire.
A GROWING number of cash-strapped Aussies are withdrawing lump sums from their super to splash out on home renovations, holidays or to clear debts.
CELEBRITY chef Gordon Ramsay has revealed he won’t leave his massive $188 million fortune to his children — as he fears it could “ruin them”.
YOU might think you’re saving the environment by opting for a so-called “ethical” super fund, but you could lose out on hundreds of thousands of dollars.
WOOLWORTHS is facing a class-action lawsuit that could cost it $100 million over a dramatic share price plunge it suffered in 2015.
BIG changes to superannuation are approaching quickly, and savers should consider strategies now to prevent losses and avoid missing out on gains.
THE government has a plan to help young people buy a house. Some say it’s a no-brainer, while others say it’s “just stupid”.
THIS gigantic pink diamond is expected to break the world record for a gemstone when it goes under the hammer in Hong Kong today.
WHAT does Shrek have to do with retirement? He is just one of the weird things people are naming their self-managed super funds after.
WOMEN are more pessimistic than men about retirement and more than three out of five say they will battle financially after finishing work.
OPINION: It sounds like a tempting idea — let young Australians withdraw their superannuation for a house deposit — but what will it cost them?
MANY of us have heard of the three Rs in education, but if you want to get smarter about your retirement savings it’s a good idea to focus on the five Cs.
BIG changes to Australia’s superannuation rules are less than four months away, and savers are being urged to think about their impact now.
PAUL Keating was dubbed the “Lizard of Oz”, Nirvana headlined the first Big Day Out, Russell Crowe starred in Romper Stomper and mobile phones resembled bricks. It was the year everything changed for Aussies.
SELLING out too soon or after poorly performing super fund can see you take all the losses and miss out on the road to recovery.
HOLDING life insurance in a superannuation fund is about to get trickier, as new caps on balances change the game.
FOUR out of five young Australians say they were never taught at school about superannuation, despite it being the largest asset they may ever own.
BIGGER self-managed superannuation funds perform better than smaller SMSFs because they hold a wider variety of investments and are more cost effective.
THERE are strict rules and penalties around super that can affect your investments, including property if you don’t read the fine print.
YOUNG Australians are rushing to take charge of their superannuation funds, with new, user friendly platforms seeing membership numbers double in just one year.
YOUNG Aussies are ignoring talk of people working longer to afford to retire, with research showing Gen Y is expecting to call it a day years earlier than Baby Boomers.
SUKI Mead was the star presenter on a top-rating radio show for more than a decade. But during her entire time there, something was seriously wrong.
A MAJORITY of Australians have no idea how much superannuation they have and many don’t even take time to choose their own fund, research shows.
NEARLY a third of Australian workers are being ripped off by their own employers, to the tune of $1500 each.
OLDER Australians are receiving “unduly generous” tax breaks that should be wound back to save the nation $1 billion a year, a new report claims.