Working longer or retiring earlier: Australia’s retirement reality By Tony Kaye, Senior Personal Finance Writer Super and retirement When Australians are choosing to retire comes down to a range of factors. Vanguard’s 2024 How Australia Retires research found that nearly 50% of retirees have retired earlier than they would have thought. The average retirement age reported by…
Why many of us need a super savings nudge By Tony Kaye, Senior Personal Finance Writer Super and retirement Making extra contributions into super can go a long way. Here’s some easy steps. Each year, October 31 is designated as World Savings Day. In fact, this year actually marks the 100th anniversary of the official launch…
Hidden fees are a super problem By Tony Kaye, Senior Personal Finance Writer Super and retirement The super fees you’re probably being charged. It’s key to compare like for like. Millions of adult Australians have superannuation that’s either held in a managed accumulation account, if they’re still working, or a managed account-based pension, if they’re…
Caregiving can have a retirement sting By Tony Kaye, Senior Personal Finance Writer Super and retirement Around 3 million Australians are unpaid caregivers. Most face a super risk. National Carers Week runs from Sunday October 13 to Saturday October 19 this year, and aims to recognise, celebrate, and raise awareness about the 3 million Australians…
A rear-vision roadmap to greater retirement heights By Tony Kaye, Senior Personal Finance Writer Retirement Future investment returns are unknown, but past returns are a guide for retirement. If you’re a member of a superannuation fund, for all intents and purposes you’re a long-term investor. After all, most of us will be receiving regular compulsory…
Updated July 2024 | 6 min read The superannuation changes from 1 July By Tony Kaye, Senior Personal Finance Writer Retirement The super changes that came into effect from the start of the 2024-25 financial year. A number of superannuation changes came into effect on 1 July 2024 that are designed to help working Australians…
Spending your kids’ inheritance By Tony Kaye, Senior Personal Finance Writer Retirement Many Australians expect an inheritance, but their parents may have a different view. Around one in two Australians have received or expect to inherit money or property, either from their parents or others. That’s one of the key findings from Vanguard’s 2024 How Australia…
Most Australians are failing the retirement test By Tony Kaye, Senior Personal Finance Writer Retirement Here are four basic retirement questions many people struggle to answer correctly. They are four fairly basic statements related to Australia’s retirement income system that every working and retired person should ideally be able to answer correctly as either true…
Your 30 June superannuation checklist By Tony Kaye, Senior Personal Finance Writer Retirement Five easy ways to get more into your super fund before the end of the financial year. With the end of the current financial year fast approaching, time is running out if you’re planning to boost your superannuation balance before 30 June.…
Deeming freeze a win for Age Pensioners By Tony Kaye, Senior Personal Finance Writer Retirement Why the decision to keep deeming rates on hold may be a window for interest rates. In delivering the second reading of the Appropriation Bill (No. 1) 2024–25 last week, otherwise known as the latest federal budget, the Treasurer announced…