Mark, Director of Personal Finance Morningstar Australia, answers a reader question about investing outside of super. Mark answers a reader question about investing outside of super.
Read MoreUntil recently, the Australian Securities and Investments Commission (ASIC) stated that the average yearly self-managed super fund (SMSF) running cost was $13,900—a figure hotly contested by practitioners.
Read MoreMore than one million Australians control their own superannuation investments through a self-managed super fund (SMSF), managing over a quarter of Australia’s $3.3 trillion asset pool. If you’re considering joining them, it’s important to first understand what you hope to get out of it.
Read MoreContribution caps apply to both concessional and non-concessional contributions.
Read MoreGenerally pensions cannot be commenced if the initial pension account balance is greater than $1.9m (the current transfer balance cap which applies from 1 July 2023).
Superannuation is a tax advantaged way of saving for retirement and makes up two of the three “pillars” of the Government’s retirement income policy. The three pillars are:
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