Testimonials


I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC


Super Facts and Tips

Better Super Outcomes for Women

We explore what this may signify for equality in superannuation, as well as how women can manage their savings now.

At present, there's a gender pay gap nearly 18% of women and men, and men reach retirement with approximately twice the super savings amount accumulated than what women could accumulate. This difference has encouraged the Government to arrange a review of women's financial security. Meaghan Noble, Executive Manager Women and Advice of Commonwealth Bank, explained, Attention to this issue is clearly bigger than just super, but it entails ensuring super rules consent all Australians opportunity to save in an equal manner.

One proposed change to superannuation includes greater contributions flexibility for folks with irregular patterns of work. This signifies when folks are in a place to catch up, they are less likely to increase against limitations, stated Noble.

Moreover, Noble reported that despite the proposed alterations, there's already a variety of methods for women to manage their superannuation.

The Initial Step in Taking Control

Noble suggested utilizing a Super Calculator so as to aid see where you're standing today. "The first step is simply about taking ownership and valuing your financial wellbeing. If you're in a relationship, it makes complete sense to work towards your retirement goals as a team, but that is quite different to relinquishing your involvement. Don't underestimate your capabilities."

Check Your Statements

Check your superannuation statements, and pose queries if there are stuff you do not understand. If you are not sure where the rest of your superannuation is, you can utilize the Colonial First State Concierge Service so as to aid you to locate your super.

Avoid Unnecessary Charges

You may think about consolidating numerous funds into one so as to possibly decrease unnecessary payments. Moreover, this can aid you to get a more lucid perspective of how your superannuation is spent and performing.

Think About Adding To Superannuation

Super is usually taxed concessional, which makes it a big investment stated Noble. But since there are numerous methods to top up, Noble recommended knowing the choices offered to you as well as seeking guidance to guarantee these and your other financial duties are well-adjusted to you as well as your household.

Salary sacrifice is putting your own concessional (before-tax) money to superannuation thru your employer. Along with the contributions of your employer, they are known as concessional (before-tax) contributions; the total of these can presently be up to $30,000 annually if you are under 49 years old (up to $35,000 for folks over 49 years old) to maximize super's 15% concessional rate of tax.

Personal contributions are adding payments with your non-concessional (after-tax) money, which you do not get a tax deduction. If this is merely up to $180,000 annually (or $540,000 over three years if below 65 years old), these payments are tax-exempt.

For more on how to yield better super outcomes for women, visit our site at www.australiansuperfinder.com.au

All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

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