It’s easy to understand why there is so much frustration surrounding superannuation – the government just can’t help dipping its hands into it and it’s hard to know where you stand.
In this second edition of Money’s super guide we give an update on the latest changes plus offer strategies to prepare you for it. Plus four experts share their tips on what you should be doing with your super in your 20s, 30s, 40s and 50s.
Despite the changes superannation still offers amazing tax breaks for most of us. Here’s a little taste of what you’ll find in this special edition…
STRATEGIES TO PREPARE FOR CHANGES
The government’s proposed superannuation changes have certainly proven controversial. Money recaps the proposals, outlines when you can expect things to happen and offers strategies to help you prepare for the changes.
27 KEY QUESTIONS ANSWERED
Superannuation can seem complex but if you know how it works you can make the most of it to build your savings for retirement. Money answers key questions such as how much extra you can put in, what tax you’ll have to pay, when you can access your super and what happens when you retire.
GET THE RIGHT BALANCE IN & OUT OF SUPERANNUATION
The fact that you can’t access superannuation until retirement and all the government tinkering to super make a strong case for building a nest egg outside of super. It’s important to get the mix right. Money looks at what you need to consider to get the right balance.
HOW MUCH SUPER YOU NEED
What is the magic number? It will vary depending in the lifestyle you want but with retirement expected to last 20 to 30 years it pays to work out if your savings will go the distance. And if you’re not on track don’t despair – we have plenty of tips to help boost your retirement savings. And with our Super Booster Day campaign ending on September 15 now is the time to make a pledge to pay yourself forward.
WOMEN AND SUPER
Career breaks and lower pay mean building upSuperannuation can be an uphill battle for women so they have a lot of catching up to do. Money outlines a range of strategies to help women overcome the super shortfall.
The bonus retirement guide offers tips on preparing for the big day, info on how to access your superannuation plus a rundown on the best places to live in retirement.
All this and more in Money’s special edition 2016 Super Guide.