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Superannuation

Superannuation balances have grown again.

MarketsCommentsSuper funds deliver again thanks to remarkable recovery

SuperRatings says the median balanced fund - one with between 60 per cent and 70 per cent of balances exposed to shares and other growth assets - returned 10.1 per cent in the year to June 30.

Sean Smith

Australia’s pension system is now the fourth largest in the world after decades of rising contributions fuelled its growth. 

Your MoneyPremiumWorkers get a final boost in retirement savings

From today, Australian workers get a final boost to their mandatory retirement contributions - a key milestone for the country’s $4.1 trillion pension system.

Amy Bainbridge

The start of a new financial year will usher in a raft of tax and superannuation changes, with almost every Australian affected one way or another. Here’s what changes from midnight.

Your MoneyCommentsPremiumJuly 1 changes to tax, super that affect you and your family

The start of a new financial year will usher in a raft of tax and superannuation changes, with almost every Australian affected one way or another. Here’s what changes from midnight.

Nick Bruining

A couple on a full age pension can sell their home for $1.2m, bank $48,000 a year in interest, AND get $400 a month in rental assistance.

Bruining Q+ACommentsPremiumHere’s just how crazy the Centrelink system really is

Q+A: The quirks of the Centrelink system can be summed up here. A couple on a full age pension can sell their home for $1.2m, bank $48,000 a year in interest, AND get $400 a month in rental assistance.

Nick Bruining

Australia's superannuation industry holds more than $600 billion worth of US assets. (Dan Peled/AAP PHOTOS)

BusinessPremiumSuper funds spared multibillion-dollar US 'revenge tax'

The Trump administration says it won't pursue a contentious tax targeting foreign investors, after being lobbied by Treasurer Jim Chalmers and super funds.

Jacob Shteyman

When viewed as a total nest egg balance, a couple hoping to live a little and aim for a comfortable retirement will need $690,000. For a single, it’s $595,000. 

Your MoneyCommentsPremiumThe annual amount you now need to retire, and it’s NOT $1m

If you’re hoping to draw a line under your working life soon but have yet to run the numbers on how much money you’re likely to splash about each year in retirement, rest easy. We’ve got the numbers you need.

Daniel Newell

There’ll be periods of boom and periods of bust. The rules will change here and there. But we’ll assume the fundamental principals and operation of the Australian retirement system remains substantially intact.

opinion
opinion
Your MoneyCommentsPremium
opinion
Worried for grandkids? Don’t be, they’ll be richer than you!

With compulsory superannuation about to reach its maximum level of 12 per cent next week, it’s time for an untainted and de-politicised look at your grandkids’ retirement. 

Nick Bruining

Compulsory super has been steadily increasing from its original start in 1992, when it was just 3 per cent. 

Your MoneyCommentsPremiumGetting superannuation right is a numbers game

With just a week to go until the start of the new financial year, now is the time to tweak your superannuation settings. Here’s what you need to do right now ...

Nick Bruining

A week today is June 30. There are certain things you can do right up until the last day. And some things you can’t. Here’s why you don’t want to wait, particularly if you’re a high-income earner.

DebtManCommentsDon’t be bitten by tight EOFY deadline to top up your super

DEBTMAN: A week today is June 30. There are certain things you can do right up until the last day. And some things you can’t. Here’s why you don’t want to wait, particularly if you’re a high-income earner.

Bruce Brammall

Got an inheritance coming your way but worried it will affect your Centrelink age pension? Here are the hints and tips you need to beat the system ... and also boost your superannuation.

Bruining Q+ACommentsPremiumHacks you need to bank an inheritance and keep the pension

Q+A: Got an inheritance coming your way but worried it will affect your Centrelink age pension? Here are the hints and tips you need to beat the system ... and also boost your superannuation.

Nick Bruining

The ASFA predicts the average 30-year old worker will now achieve a comfortable retirement. NewsWire / John Appleyard

SuperannuationPremiumSimple change making Aussies $125k better off

Australians are tipped to be hundreds of thousands better off in retirement thanks to one change starting five years ago.

Cameron Micallef

ASIC chair Joe Longo

ASICCommentsPremiumSuper fears from ‘grubby’ private debt plays

Corporate watchdog chairman Joe Longo has warned of potential risks to superannuation savings after finding evidence of “grubby behaviour” in the booming private credit sector.

Neale Prior

Not Supplied

Your MoneyPremiumWhy young Aussies are now guaranteed a comfortable retirement

A major change to the superannuation sector starting from July 1 is set to help millions of Aussies achieve a ‘dignified’ retirement.

Cameron Micallef

Liberal senator Andrew Bragg has claimed that Prime Minister Anthony Albanese could be exempt from Labor’s proposed super tax. NewsWire / Martin Ollman

FINANCEWhat Aussies really think of $3m super tax

How Australians truly feel about Labor’s proposed “rich tax” has been revealed in a new poll, and the results may surprise you.

Robert White

Division 296 is pitched as a ‘modest’ 15 per cent extra tax on earnings for super balances over $3m. Behind the spin lies a policy that’s complex and potentially unworkable. Here’s how to work around it.

Your MoneyCommentsPremiumTips to dodge $3m super tax (even if you’re not there yet)

Division 296 is pitched as a ‘modest’ 15 per cent extra tax on earnings for super balances over $3m. Behind the spin lies a policy that’s complex and potentially unworkable. Here’s how to work around it.

Raymond Pecotic

A new report found Aussie women were excessively squeezed by rising living costs and family obligations causing them stress, worry and anxiety. NewsWire/Tertius Pickard

NewsPremiumAussie women bearing brunt of national crisis

Aussie women are bearing the brunt of the nation’s cost of living crisis and putting their own financial futures at stake to keep households afloat.

Emma Kirk

Here are some highlights from Bloomberg’s analysis of disclosures for the top eight industry funds’ default options, as at the end of 2024.

Funds managementPremiumThe Wall St titans hungry for slice of our $4tr super pie

Australia’s superannuation funds are rapidly boosting their allocations to the heavyweights of US finance as rivalry heats up for access to the country’s $4.1 trillion retirement pot.

Amy Bainbridge and Jinshan Hong

ASIC chair Joe Longo, AUSTRAC chief executive Brendan Thomas, APRA chair John Lonsdale and ACCC chair Gina Cass-Gottlieb.

SuperannuationPremiumRegulator says cyber hacks are a super risk

Australia’s financial regulator has warned super funds to get their act together after the $4 trillion sector was hit by cyber attacks.

Matt Mckenzie

Australians might be able to retire with less in their super than they think. NewsWire / Nicholas Eagar

FINANCE‘Figure just thrown around’: Super myth busted

Australian workers will likely need less superannuation than they think to maintain their current lifestyle in retirement.

Cameron Micallef

If you want the real ‘litmus test’ of whether the tax is right or not, you only have to know what the man often referred to as the godfather of superannuation, Paul Keating, says about it.

Your MoneyCommentsPremiumDon’t think the $3m super tax will affect you? Think again

If you want the real ‘litmus test’ of whether the tax is right or not, you only have to know what the man often referred to as the godfather of superannuation, Paul Keating, says about it.

Wayne Leggett

Tax and super? It’s a mess! Here’s how to know which parts of your superannuation are safe from the taxman and when you might be hit with a bill, depending on when you access your nest egg.

Bruining Q+ACommentsPremiumA quick-fire guide to how your super savings are taxed

Q+A: Tax and super? It’s a mess! Here’s how to know which parts of your superannuation are safe from the taxman and when you might be hit with a bill, depending on when you access your nest egg.

Nick Bruining

Australians are not using the first home super saver scheme. NewsWire / Nicholas Eagar

Superannuation‘No Boomers’ super app tackles housing crisis

A ‘No Boomers allowed’ superannuation product is taking aim at the housing market, trying to get more Aussies into the market through a little used scheme.

Cameron Micallef

Treasurer Jim Chalmers says he wants to push ahead with his plan to increase the tax rate on high-balance superannuation accounts in the form previously proposed.

analysis
analysis
Federal PoliticsCommentsPremium
analysis
Everything you need to know about superannuation tax fight

What is the superannuation tax fight all about and will you have to pay it?

Katina Curtis

VGW founder Laurence Escalante

StartupsCommentsPremiumWorries super wealth tax could hit startup funding

The Federal Government’s proposed earnings hit on superannuation balances over $3 million has been described as a threat to the emergence of new unicorns such as WA-based gaming group Virtual Gaming Worlds.

Sean Smith