There are four steps which must be completed to successfully claim a tax deduction for your personal superannuation contributions. If one or more steps are missing or not completed, the Commissioner of Taxation has no discretion to overlook those missing or incomplete steps.
Read MoreNew research finds that customers with a guaranteed lifetime income product often have an easier time transitioning into retirement and have a better quality of life once doing so.
Read MoreSelecting the right superannuation fund can sometimes seem like a difficult task. But when you consider that your super may ultimately have to sustain your lifestyle for more than 35 years, it's vital that you sort the wheat from the chaff.
Read MoreApart from buying a home, superannuation is likely to be the biggest investment most Australians will make in their lifetime.
It’s also one of the most tax-effective ways to save for retirement. The Government provides tax concessions for superannuation, which include concessional taxation rates for certain contributions, as well as for earnings on investments.
Read MoreA general rule of thumb is that when you retire, you will need about 2/3 of your current income to be able to comfortably make ends meet. Will your current super arrangements meet this requirement, or will you need to make extra payments or consider other investment options?
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