Do you know how your superannuation is performing? Have you taken some time to review your fees or check that you are on track to reach your financial goals before retirement? Here are our five steps to help you do a super health check.
First Financial's five step super health check
Did you know about these superannuation benefits?
Superannuation is a critical part of making sure you are financially prepared for retirement. But there is more to it than just saving for the future… there are a lot of superannuation benefits that you can access if you are with the right fund and structure your super effectively.
Understanding the superannuation work test
In the May 2021 Federal Budget, the Government announced their intention to remove the superannuation work test rule. But until that happens the current work test will remain the same. We take a closer look at existing rules and explain more about the work test exemption.
Capital gains tax and superannuation
Taxes… they are one of the two certainties of life. You can’t avoid them, but there are ways to reduce your liability… especially when it comes to capital gains tax. We look at strategies within your super to help minimise the amount of CGT you pay when you successfully sell your assets.
Is withdrawing from superannuation the right decision?
The Federal Government announced a broad range of stimulus benefits… but there is one measure that should be considered carefully before being utilised… withdrawing from superannuation.
Why consolidate your superannuation?
As the workforce changes, many people are regularly moving between jobs… and with every new employer, it’s not uncommon to leave the set-up of superannuation to the accounts department.
Consider a younger partner in your SMSF
If you have a self-managed super fund, there are good reasons to think about bringing in a younger person. It’s not the right strategy for every SMSF but it is definitely worth considering, particularly to extend the life of the SMSF.
Why couples should share their superannuation
Couples can maximise their superannuation and also benefit from tax incentives and estate planning when they use these strategies to share their super.
A woman’s wealth
We hear a lot about the gender pay gap… and we know that women tend to retire with far less in their superannuation accounts when compared to men.
First of July superannuation changes
On the 1st of July 2019, a range of government changes to superannuation came into effect. Although announced some time ago, they are now applicable and can be utilised according to their specific terms.
EOFY Superannuation taxation strategies
Each financial year presents an opportunity to action tax effective strategies… and there is nothing quite like a deadline to turn good intentions into strategic actions. With just over a month left until the 30 June deadline for the 2018/19 financial year
James Wrigley - tips for building wealth through superannuation
The small steps you take today to boost your super can have a big impact on your future. When utilised fully and structured correctly, superannuation can help you reach your financial goals and approach retirement with confidence and certainty.
Borrowing to buy Property through Superannuation
Borrowing to buy property through your super is a popular investment strategy for people in the wealth building stage of their lives that can receive special tax treatment. Watch First Financial Principal Ben Rossi
Spotlight on Superannuation
The superannuation industry is in the hot seat right now as the Royal Commission into banking turns its attention to this $2.7 trillion sector. In this blog, we take a look at how to get the most out of your super.
Downsizing and Super
If you’re a retiree selling the family home and looking for a way to maximise the proceeds, then from 1 July 2018 there’s a new option to consider. You can choose to contribute up to $300,000 from the sale proceeds into super.
There's Nothing DIY about Self-managed Super Funds
Many people consider self-managed superannuation funds (SMSF) as the do-it-yourself option but don’t be fooled into thinking managing your own super is easy. SMSFs are complicated and they operate in a highly regulated environment.
Benefits and pitfalls of an LRBA for your SMSF
To most people that question will sound like gobbledegook, but you’d be surprised by the number of times I’ve heard it asked at a dinner party. Of course, Australians love investing in good old bricks and mortar.
Make your transition to retirement plain sailing
You’re the wrong side of 40, and suddenly the day, when you can access your superannuation, doesn’t seem so far away. But are you satisfied with your current plan for the transition from working life to a happy and secure retirement?